This promotion will only apply to the first qualifying initial purchase made with your card during the first 30 days of opening the account. Important Note: There is also a time limit to qualify for the 6-month or 12-month deferred interest promotion. Your balance is now $660 and interest will continue to accrue until your balance is paid in full. Interest will be automatically added to your account for the original $2,000 purchase for the past 12 months at a whopping 22.99%! Think you’ll only be paying interest on $200 from here on? Think again. When the 12 months is up you still have a balance of $200 remaining. The interest is only deferred and will be added retroactively to your balance while new interest will continue to accrue.Īs an example, say you buy a $2,000 laptop with your new Barclays card and receive no-interest for 12 months. If that sounds like a great deal, consider what happens if you’re even a day late to pay off your balance in full before the promotion period ends. If you finance an Apple laptop with the Barclaycard, you’re probably interested in taking advance of their no-interest financing.įor purchases under $999 you’ll receive 6 months of no interest if the balance is paid in full within 6 months, while a purchase over $999 qualifies for 12 months of no interest if paid in full within 12 months. This card is overall a bad choice to finance a large purchase and may end up costing you more than you think. If you’re thinking about financing an expensive Apple product with this card, WATCH OUT for the fine print. The Barclays Apple Credit Card is easy to qualify for and offers enticing financing options, such as 12 months no interest on an Apple purchase over $999 if paid in full within 12 months. Thinking about applying for the “Special Financing” on ? You may want to think twice, here’s why applying for the infamous Apple credit card may not be such a good idea.įor 2014, Apple offers two types of credit cards: the Barclaycard for financing purchases and the iTunes Rewards version that earns rather poor rewards. If you are not interested in a new credit card, you may still want to check out The Ultimate Guide to Saving Money on Apple Products. Or you can check out our Guide to Cash Back Credit Cards for additional ideas, if you already have one of these cards. If you are looking to finance an Apple purchase, we now highly recommend using a cash back card that offers an introductory financing offer, like the Citi Double Cash Card or the Discover it Card. We’ve updated our review for the 2014 holiday season but our overall verdict remains – if you need to finance your Apple purchases there are better options! While Apple excels at building great products, the Apple financing through Barclays still leaves a lot to be desired. The 5 minute registration process can be done online, you will only need to identify yourself either via an online service or via PostIdent, which is a check of your passport at a local post office.June 2015 Update: With the iPhone 6, Retina iMac, the new iWatch, Apple has an incredibly strong product line up ever this year, which is driving millions of new purchases. The automatic payments of your balance are preset for a minimum of €50 or 3.5% of the balance due, therefore remember to set up the automatic payment for 100% of your due balance. The standard credit amount is €1.500 per month. However, with Barclaycard you can just use any bank that is closest to your location and you do not need to pay any withdrawal fees. If your home bank offers partnerships with banks in the respective country, they are usually not widely available and not close by. For travelers, exchange students and expats it is often very inconvenient to withdraw cash in a foreign country. But these fees are not taken by Barclaycard, just from the third-party ATM service.īarclaycard offers a VISA card with no extra fees for foreign transaction or cash withdrawals. You can withdraw cash with the VISA card from any cash machine worldwide and mostly pay no fees – some countries still take fees for credit card withdrawals. There is no account opening fee and no monthly or yearly fee. In that case, just try the alternative free VISA cards below. It is very likely that your application gets rejected due to Barclaycard’s strict registration policy. Valid mobile phone number ( get a free German SIM card here).German bank account ( see our overview of free German bank accounts here).(Registered) Residency in Germany for at least 3 months (non-EU citizens need to send in their German residence permit). Prerequisites in order to register for any barclaycard:
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