Barclaycard One Pulse

The Barclaycard One Pulse is an oyster card rolled into a credit card.  An oyster card allows you to travel around London by Bus, Tube, Tram, DLR, or the over ground.  With the Barclaycard One Pulse you also have a special set up in which you just pay as you go.  It works as a standard credit card so that you can shop with it and have a credit limit.  The One Pulse has a one touch system for small purchases which means you just use the simple chip and pin system to get out of the store a little faster for the smaller amounts.  It is a visa card that allows you to pay for purchases under 10 pounds with a quicker method so that you don’t need the cash in your pocket.

There is no introductory deal with this card for balance transfers.  There are also no rewards associated with this card.  In other words you have the benefit of the one pulse system and being able to use it in place of cash for small transactions, but it doesn’t earn reward points.  The interest rate is a variable 14.9 percent, which is standard for most of the Barclay cards and lower than most other cards on the market at the moment.

This card does have an introductory rate for purchases.  You can have a zero percent interest for six months.  There are some contingencies to this.  First you can’t have a Barclay card already to get this offer.  You also need to pay off the amount before the six months is over or you will be charged the annual percentage rate mentioned above.  Barclay doesn’t always offer this introductory deal with the card.  They reserve the right to assess your risk.  This means if your risk is found too high they may not offer you the introductory deal, or they may offer a higher interest rate after the deal has ended.

The other aspects of the card are typical.  You have the 27.9 percent interest rate, 14.9 percent on balance transfers and a fee of 2.5 percent.  You also have the chance to earn 56 days of free interest if you pay in full and on time for six months.  This is offered at any point in which you have a continued in full payment for six months, and is not related to the introductory offer.

With Barclaycard you tend to pay the least amount off first and the higher interest rate balance off last.  This means you pay any cash advances or withdrawals off last on the card.  The maximum credit limit is established by the company and specific to your history.  They offer a low minimum of 250 pounds.  They also don’t have an annual fee.  Overall this card is best if you are going to use it for small amounts during the month.  It is not going to offer anything out of the ordinary like other cards on the market, such as the life of the balance card.

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