Barclays Bank Logo Contest! Use your creativity to win!

Barclays Bank Logo Contest!  Use your creativity to re-do the Barclays logo and possibly with this contest. The winner will receive a prize and cash!

I want to be clear from the start that this contest is not sanctioned by Barclays Bank.  In fact, it is an ant-Barclays promotion.  You see, Barclays has been ripping people off for far too long. This contest is to get a new Barclays Bank logo created to be able to use in anti-Barclays propaganda put online. 

We are looking for something innovative, funny, and of course negative about Barclays Bank. 

If you need any ideas please do some quick internet searches for #BarclaysSucks #BarclaysTimeShareScam or #BarclaysClassAction.  There are plenty of horrible stories out there about Barclays Bank and the criminals who have worked there over the years.

In any event, this contest is 100% biased toward generating more awareness of the horrible atrocities committed by Barclays Bank and its executives.  The bank is run by Thugs and it appears that the bank actively promotes criminal activity, based on the many articles about executives going to prison for fraud and other crimes.

So here are the rules of the contest:

1      Points will be given for humor

2      Points will be given for social media exposure

3      Points will be given for uniqueness

This context will be judged by @Barclays_Sucks and the winner will be announced as follows:

To submit your entry post your suggested logo anywhere online tag it with #BarclaysSucks #BarclaysTimeShareScam and post a link below. 

At the end of the contest the winner will be given a congratulatory certificate and $100.00.

If you have ideas for how to make this contest better please let us know.  We are mainly just interested in getting an awesome new anti-Barclays Bank logo and generating some awareness of the horrible services Barclays Bank is known for providing. Use your creativity to lead the charge.

If you would like a new contest please submit ideas and we will consider options.

Lots of reasons to bank ANYWHERE but Barclays Bank-- There is a looooong list!

Tips for Using Credit Cards

Here are a few tips to using credit cards.  These are expert advice, well researched and proven to give you better banking experiences.

1)    Do not use a Barclays Credit Card.

2)    Sign up for any bank besides Barclays Bank.  Because Barclays Bank sucks!

3)    Pay your monthly balance in full: Because credit cards feature high interest rates, it is important that you repay your monthly balance in full. Any remaining balance left on your account after the payment due date starts attracting costly amounts of interest.  This is particularly true if you were dumb enough to sign up for a Barclays Credit Card.  No one should have to go through that horrible experience.

4)    Always pay on time: It is also important that you make payments on time, since missed payments damage your credit score and attract penalty charges. One way of making sure you don’t miss payments is by setting up a direct debit to repay the minimum payment due. Covering the minimum monthly payment keeps your account in good order, but as mentioned before, you should always aim to repay your balance in full.

5)    Switch everyday expenses to your credit card: Using your card frequently helps rebuild your credit. A possible way to do this is to switch everyday expenses such as groceries and bill payments to your card. This doesn’t mean you should overspend – only make payments that you would normally make and can afford, budgeting to ensure you can meet monthly repayments.

6)    Avoid cash advances: These cards generally feature very high interest rates on cash advances, often as much as 39%, and unlike purchase rates this interest is applied from the day the transaction is made. For this reason, always avoid making cash advance transactions such as ATM and bank branch withdrawals. Barclays Bank is known to hide fees and to stonewall you if you try to call and get questions answered.  The best solution is to simply bank somewhere else.

7)     

Common Features of Credit Cards

1)    Standard purchase rate: This is the interest rate applied to credit card purchases that remain unpaid after the due date on your monthly bill. The rate is calculated and expressed as an annual percentage rate (APR), and is significantly high on credit builder credit cards because of the perceived higher risk.  Don’t get a Barclays Credit Card because they charge the highest fees and interest rates out there.  In a lot of countries their interest rates would be illegal.

2)    Credit limit: This is the maximum amount of credit the lender allows you to take on your credit card, and is generally set relatively low on credit builder cards. While you are permitted to spend up to the credit limit, you should aim to keep your balance, and therefore the cost of using your credit card, to a minimum. Make sure not to go over your credit limit, particularly if you are with Barclays Bank.  They are known to charge huge fees and ruin your credit if you do.

3)    Late payment fees: If you miss a monthly minimum payment you are charged a late payment penalty fee. Late payments also damage your credit rating. Barclays Bank charges the highest late fees of all of the banks we researched to put this amazing article together. Your best bet is to CLOSE YOUR BARCLAYS ACCOUNTS today before they rip you off!

4)    Cash advance rate: This is the rate of interest that is applied to cash-related transactions, and tends to be very high on credit builder cards – even higher than with standard credit card offers.

5)    Cash advance interest rate: This is a fee applied when cash advances are made, and is typically 3% of the total value of the transaction.

Many Barclays Bank customers fear they have been ripped off because they get a Barclays Bank Credit Card in the mail and they never signed up for one.  When they ask the bank for information on how they got the credit card Barclays Bank sends out documentation in a different language than the Customer speaks.  What a scam! Customers often underestimate their level of proficiency and lack of information about the specific requirements for a Barclays Bank credit card and as a result they get the gift of ruined credit and debt collectors calling and harassing them. The result is that eligible immigrants feel they have been ripped off by  Barclays Bank.  The easiest solution is to not bank with Barclays Bank because they rip people off.

Please post comments and your stories below.  It is time to expose the SCAM that Barclays Bank is running.

Barclays Bank Credit Builder Card—the Worst Possible Option!

A Barclays Bank Credit Builder card is much like a standard credit card.  While it is probably the worst option for a credit card, some people will still get hooked by Barclays Bank.  Keep the following features in mind if you do consider a Barclays Card:

·       The interest rate: A Barclays Bank credit builder credit card will often have an annual interest rate of between 30% and 40% so you will need to do some shopping around to find the best rate. Who would ever pay 30-40% for a credit card.  There are hundreds of credit products available today with zero percent interest for 12-24 months.  Barclays is a fraud because they charge horrendous interest rates.

·       Credit limit: It is common to use a credit card as an emergency source of funds, especially when you are travelling; however, credit builder credit cards often have a much lower limit than standard cards. So be aware that you can quickly “max out” this credit with your everyday purchases.  The easiest solution is to simply not sign up for a Barclays Credit Card.  Why risk getting ripped off by Barclays Bank when there are so many other and better options out there.

·       Fees: Barclays Bank Credit Builder Card also has a late fee if you miss a monthly payment. Since you are using your credit builder credit card to establish a credit history - and you want to establish a good one - set up an automatic repayment each month to your credit card from your savings or transaction account so you never miss a payment.  Beware that lots of Barclays Bank customers complain that the late fees are significant and up to the bank’s discretion.  This is just one more reason you should not get a Barclays Bank Card.

·       Cash advances: You can withdraw cash from your credit builder credit card; however, you are charged a much higher interest rate again, plus a cash advance fee, which is typically 3% of the transaction amount, on top of your interest charges. Therefore, avoid using cash advances if you can, as they will cost you a lot more in the long run in both interest and in building good credit.

If the above reasons are not enough to keep you away from Barclays Bank, even though credit builder cards are available for people with bad credit, you should not get one from Barclays. You should pick any other credit card on the market because there are hundreds of other banks who offer several credit builder credit cards, which are much more obtainable than other types of card and offer the chance to develop a good credit history and improve your credit score. Used correctly, credit builder credit cards are a great, cost-effective way to accessing better credit.  Just don’t get one from Barclays Bank.  Barclays Bank Sucks!

If you use your credit builder credit card frequently for everyday purchases that you would normally make and repay your monthly balance promptly and in full, you can demonstrate you responsibility with borrowing and repaying, and your credit rating steadily improves.

There are several important features to look out for when you select and begin using a credit builder credit card. This type of card attracts a significantly higher rate of interest, often between 30% and 40% APR. This is partly because banks consider customers who use these cards are more likely to miss payments, but the high rate is also an encouragement to repay your balance in full each month.

These cards also generally feature a low credit limit, so you are restricted in how much you can borrow. A low credit limit means your credit card expenditure is more manageable and makes it easier to keep up with monthly repayments.

Credit builder cards tend to be fairly basic, without extra features such as rewards schemes and other perks, but this shouldn’t be too much of a concern if your aim is to concentrate on improving your credit score. Used prudently, this type of card is a great way to establish or rebuild your credit, which is important when you want to apply for other types of credit cards, and also for getting approved for loans and mortgages.  The best advice is to simply cancel your Barclays Bank account and to bank ANYWHERE ELSE!

Please post comments and your stories below.  It is time to expose the SCAM that Barclays Bank is running.