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What You DON'T Know About Barclays Credit Cards 2022 - YouTube
Channel: Money Growth Project
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what's up money growers jacob back here
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with another video coming you guys today
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to talk about some credit cards from a
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company that i'm sure many of you know
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uh maybe people are not quite as
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familiar with this as they are with like
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american express but i'm sure many of
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you are familiar with this company here
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barclays is who we're talking about
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today some of you i'm sure have at least
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one credit card with them if you guys do
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definitely tell me about it down below i
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want to hear about your experiences with
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them personal side business side
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anything like that but i want to give
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you guys a rundown today
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of some of the stuff they have to offer
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in the world of credit cards and why
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they're one of the more uh popular
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companies even though they originated in
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the uk uh over 300 years ago 1690 and
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i'll give you guys one question here
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they're um
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if you guys without looking it up okay
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it's just kind of a fun thing guys
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they're online business banking guess
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where it's headquartered here in the u.s
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a lot of you probably wouldn't think
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about the state that they have it in but
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take go and take a guess where their
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online um banking business is
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headquartered here in the u.s again just
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take a take a shot at in the comment
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section this will just be for fun so you
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tell me where their headquarters are at
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their online banking business
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headquarters are i'll give you a heart
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in the comment section so guys also
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thank you for everybody's been watching
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the channel lately this channel's been
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growing so fast it's been great i'm
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enjoying doing these videos and sharing
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this stuff with you guys and just you
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know
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letting people know options in the world
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of credit and finance they probably
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didn't realize they even had
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so go ahead subscribe and thanks
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everyone very subscribed so far you guys
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are absolutely awesome now as we're
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talking today about barclays right like
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i said this place actually originated in
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the uk so in good old london so on
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lombard street it says where they
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originated and so they've been around
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for hundreds of years
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they are obviously have a products
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available to you in the u.s if you live
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here in the u.s like i do um they have
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products for you so whether you're in
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las vegas like i am or if you're
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watching this from new york or north
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carolina or wherever the heck you're at
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you can apply for these credit cards
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with them and they do have quite a few
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um shoot i counted a moment ago i think
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they have
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three on the business side let me double
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check here
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i think we have five no three
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yeah because it's business here so they
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have three on the business side is what
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they have available they list here then
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they have all these personal cards as
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well so they've got one two three four
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five six seven eight nine 10 11 12 13 14
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15 16 17 18 19 20 21 22 23 24 25 so 25
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total three of them specifically gears
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toward business you have 22 on the
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personal side um when i spoke to the rep
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recently um he told me that i actually
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asked him i said what's the limit on how
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many cards you can have because you know
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um with like maybe fedor you're allowed
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to have three uh with chase i mean chase
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has the 524 rule so you know most people
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are probably going to cap out somewhere
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around there on the personal side uh but
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when i asked the rep for um barclays
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because there's really like no limit he
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said as far as personal credit cards um
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you can have with them they've only got
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a handful on the business side they are
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heavily geared towards travel so you
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look at the business cards
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i mean you'll see it's what hawaiian
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airlines business card
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they've got
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uh no not that not miles and more
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jetblue business card and then they've
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also got wyndham rewards so the business
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cards are pretty heavily geared towards
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travel as are quite a few of these other
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cards right even on the personal side
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you've got windham windham
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you've got um what was the other one's
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going to show
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well you got cruises
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nfl that's cool jet blue jet blue
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hawaiian airlines frontier airlines i
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took a flight on frontier recently they
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asked me one of their cars and i was
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like yeah i'm okay
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so a lot of these are definitely geared
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towards travelers you guys are seeing
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right so carnival miles and more
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that kind of thing jetblue
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barnes and noble that's kind of an
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outlier i guess is the barnes noble
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credit card they have so if you're
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someone who goes to barnes noble lot and
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likes to read um you can do that so i've
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done that several times in the past when
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i was this is how cool i was in high
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school when i was 17. there was a book i
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grabbed off barnes and noble i was
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enjoying reading in the store i went
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there like the next two two days in a
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row so over three days i went there like
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kept reading the same book but i never
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bought it
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so cool i was at 17. so
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with these cards with barclays okay
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here's some of the things you want to
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know now when you apply with them they
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are going to pull you're going to get a
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hard pull okay that's just inevitable um
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they typically pull transunion and
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that's what happened to me so when i
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applied for my credit card i recently
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got approved for show you guys right
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here
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uh the aarp travel rewards mastercard so
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you're gonna get the card
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it's gonna tip like like any other bank
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right seven to ten days to get to you
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all that kind of stuff um now when i
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applied for this car understand i've
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never had an account with barclays i've
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never had a savings account a cd account
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a personal loan anything with them i've
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never done any
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business with them before so i was brand
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new completely fresh to applying for
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barclays and they approved me for the
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card now
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you'll see online that barclays does
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have um
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you'll see the data points online that
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similar to how um chase has the 524 rule
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where if you've gotten you know more
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than five new credit cards in 24 months
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they're typically going to deny you uh
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that's not always the case with chase
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but typically it is barclays you'll see
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some data points online suggesting that
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they have a 6 24 rule so if you've been
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if you've been approved for six credit
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cards in the last 24 months they're more
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likely to deny you um
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didn't happen to me so i've gotten six
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yes six personal credit cards in the
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last 24 months
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and this was my seventh and i was able
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to get approved for it i spoke to the
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rep he didn't say uh i did mention that
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to him and he goes yeah it goes there
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you go sometimes they do he goes
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typically so once you get around that
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seven to eight
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credit cards in 24 months that's when
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they're more likely to decline you so i
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guess i was right within the um you know
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right within the um guidelines or you
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know right within the boundaries so at
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least got my foot in the door with
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barclays now
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uh also if you apply with them and you
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know they don't they're not as generous
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where
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some credit unions will do this like uh
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sccu of maryland they'll give you a
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30-day window where if you apply uh for
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like a credit card with them they'll
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give you a 30-day window where you can
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apply for multiple credit cards multiple
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loans and that kind of thing and they're
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just gonna use the same
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one hard pull that they did for that
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first credit card for a 30-day window
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barclays does not do that
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they don't do that if you each
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individual product is going to be a
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separate hard pull even on the business
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side that's what he told me so if you
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apply for a business credit card with
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them each business credit card he told
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me they're going to also check
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they're also going to hard pull your
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personal credit so it's not like
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american express where you get in like
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on the business side you have your first
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business card with them and after that
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you know you apply they're just going to
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soft pull you no barclays the guy told
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me says they're going to hard pull you
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for each business card on the personal
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side for each business card you apply
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for and of course on the personal credit
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cards each of those you apply for
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they're going to hard pull you on that
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as well it's usually going to be
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transunion so i asked him he was
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straight up about that he goes yeah
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because it's usually transunion he
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didn't try to say
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you know oh it could be any of the three
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bureaus he goes now it's usually
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transunion
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that they pull from when they do this so
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um you know this card i have here i got
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this just because i'm like okay i'll get
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you know some cash back on this card um
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you know this is
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that's not quite as good as like some of
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the chase freedom cards we get 200 back
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after spending 500 or 250 if you go in
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the branch not quite as good as that but
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it gets me in the door with barclays um
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you know so having a card with them the
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one thing that was a bit of a downside
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was i found out after i got approved for
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the card
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well actually initially i applied and
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they said it's gonna be seven to ten
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days uh to review the card i called in
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the next day i just that's one thing i
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recommend you do if you ever get
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anything
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anything other than an approval when you
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apply online
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call
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call them okay because i've had this
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happen more than once now with different
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banks once with chase now once with
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barclays right apply for a card i get
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some message saying um
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you know we need more time to review
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this give us seven days ten days two
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weeks 30 days whatever it is and i'll
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call them and talk to a customer service
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rep and so far each time it's just been
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they need to con confirm some
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information so like okay what is your
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name what's your social security number
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you know what is your address um they
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just confirm info that you already put
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on the application and then it gets
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approved so i was able to do that to get
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approved with this credit card with
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barclays
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the downside though was that when i got
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approved um they told me i was approved
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like okay cool and then i didn't even
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ask what the limit was over the phone
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they didn't tell me what it was so then
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i called back the next day
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and um i said hey what was the credit
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limit they gave me
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they only gave me a two thousand dollar
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credit limit on this card that's
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definitely the lowest of any card any
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limit i have on a card right now and
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when i got my
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when i was starting with credit cards
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again
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um heck it's been yeah a couple years
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ago now when i was starting with credit
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cards again
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uh exactly what five years
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i went like five years without a credit
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card because i got rid of my two that i
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had
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big mistake got rid of those closed them
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out for like for five years i had no
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credit cards and then it was um
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yeah back in
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2020 i was starting to build up with
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credit cards again and my first credit
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card i'd gotten in years gave me a three
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thousand dollar credit limit so to get
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hit with only two thousand on this like
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okay
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not the best not ideal but at least that
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i've got the car and i'm in the door
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with them so if i want to do
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any other products later um you know
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that's at least good to have also when
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it comes to the points um the points
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kind of vary for how much they're worth
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i've seen online one penny to two
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anywhere from one to two pennies
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depending on the points uh also just
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depends on what you use them for so what
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i have here is obviously more of a cash
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back card but for those who really want
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to get the points cards um you're gonna
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have some different options for what you
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can use them for of course and that kind
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of thing obviously a lot of these are
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geared towards miles so a lot of these
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are more travel geared towards travel
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right as we showed earlier with cruises
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airlines things like that so
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you'll be able to um use your points for
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a variety of things so if you want to
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use them for travel it looks like you
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have some pretty good options that
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you're going to have with these cards
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but this is just a bit of a rundown i
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want to give you guys as far as barclays
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as far as you know some of my experience
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i'll do some other content on them later
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as i dig in deeper on this but for those
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of you at least in the beginning stages
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um this could be a good company to to
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apply with so a lot of people like to go
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with chase because that whole 524 rule
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but sounds like after chase barclay is
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maybe the next most strict when it comes
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to giving out credit cards based on how
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many you've got in the last 24 months so
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if you're brand new and you want to get
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those chase cards after you get you know
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how many chase cards you're okay with
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having you may want to look over here to
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barclays because they seem to have a bit
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of a cap that they put on how many cards
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you can have in a 24 month period as
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well so some food for thought some
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things i want to share with you guys
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about barclays in this video
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thank you guys for watching thanks for
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being so awesome any uh experience you
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have with these cards please put down
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the comment section below i'd love to
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hear about it that's gonna be for this
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one until next time keep growing your
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money
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