launches web wealth warning for Students
on: October 2, 2007, 8:18 am
Release Author: Barclaycard
Release Summary: Barclaycard revamps its Student Barclaycard web-site
with a few home truths for students
Release Body: With the new academic term fast approaching, Barclaycard
has revamped its Student Barclaycard web-site with
a few home truths for students.
new site lays out the benefits of using a credit
card but also sets out clear advice for Students on the potential
downsides of debt and advice on borrowing responsibly.
visiting the site are advised to shop around for the best deal on
credit, warned that card interest tends to be higher than other
types of borrowing, that missing payments can be costly and are
encouraged not just to pay the minimum each month but to clear the
balance if possible.
Sajed, Managing Director UK Cards said: “Cards
can be a lifeline for students managing a tight budget. They can
help make the most of your time at university and establish a credit
record for the future but only if they are used sensibly. Our new
site includes some blunt advice to help our customers make the most
of the benefits and avoid the pitfalls.”
Student offers the lowest typical APR of any student
credit card and has a range of features to promote responsible borrowing
for consumers new to credit including:
A maximum credit limit of £600 at account opening
- No fee for accidentally going over the credit limit
- Free text message reminders when the monthly payment is due
- A minimum monthly repayment of 5%
- A standard purchase APR of 14.9%
- A rate of 14.9% on cash advances (a 2.5% cash handling charge
applies, with a minimum of £2.50)
Student offers cardholders a range of benefits including money
off student essentials at Argos and discounts from
a range of retailers including Domino’s Pizza,
Ticketmaster and Phones4U.
new web-site can be viewed at www.barclaycard.co.uk/students.
is a multi-brand credit card and loans business which also processes
card payments for retailers and merchants and issues credit and
charge cards to corporate customers and the UK Government. It is
one of Europe’s leading credit card businesses and has an
increasing presence in the United States.
the UK, Barclaycard comprises Barclaycard,
Sky Card, Thomas Cook and Argos
branded credit cards and FIRSTPLUS secured lending.
Barclaycard also manages card operations on behalf
of Solution Personal Finance.
the UK, Barclaycard provides credit cards in the
United States, Germany, Spain, Italy, Portugal, India, the United
Arab Emirates and Africa. In the Nordic region, Barclaycard
operates through Entercard, a joint venture with ForeningsSparbanken
UK card customers
7.6m Barclaycard International cards in issue
95,000 Barclaycard Business retailer/merchant relationships
Details: Barclaycard PR contact:
Barclaycard Press Office
1234 Pavilion Drive
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