How to Apply for the Gap Good Rewards Mastercard® Credit Card

If you are interested in finding a credit card that not only offers you the conventional benefits of this type of product, but also allows you to take advantage of discounts on clothing and footwear, you will be interested in learning about Barclays options.

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In the following article, we want to show you how to apply for the Gap Good Rewards Mastercard credit card, its main features, interest rates, and disadvantages.

About Barclays

Barclays, also known as The Barclays Group, is a financial institution that offers its clients various financing, investment, and capital preservation products.

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How to Apply for the Gap Good Rewards Mastercard® Credit Card
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It not only provides services to retail banking but also to the corporate and business sector, thus achieving a strong presence in the United Kingdom and the United States.

In the latter country, it is known as Somos Barclays US, representing one of the most significant banks in the market, having attracted over 85,000 individual users and 25 renowned companies.

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Financial Products available at Somos Barclays US

At Somos Barclays US, you can find various types of financial products, ranging from investment opportunities to short and long-term loans.

Their catalog offers different options not only for individual users but also for the benefit of local businesses, resulting in agreements that contribute to the country's economy.

One of the most popular products sought by individual users are credit cards, with one of these being a product resulting from the agreement between the institution and GAP.

Gap Good Rewards Mastercard Credit Card

Gap is a company dedicated to retailing clothing in the United States. To reach the public, this organization decided to partner with Barclays and create the Gap Good Rewards Mastercard Credit Card.

How to Apply for the Gap Good Rewards Mastercard® Credit Card
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It is a financial tool that functions like a conventional card and provides a myriad of benefits for paying for your purchases of Gap products.

Additionally, it offers you the opportunity to subscribe to the rewards program backed by Barclays, where you can earn points for each purchase you make, which you can then redeem for products from this brand.

Features of the Gap Good Rewards Mastercard Credit Card.

As a tool backed by MasterCard, the Gap Good Rewards Card can be used at any establishment. However, it has distinguishing features that set it apart from others. Some of these are mentioned below:

  • You'll receive exclusive discounts on your first purchase at GAP;
  • For purchases made on products from this brand, you can earn up to 5 points for every $1 spent;
  • You also earn points for purchases of other non-GAP products;
  • When shopping at stores that sell this brand, you can benefit from fast and free shipping services;
  • As a MasterCard-backed tool, you can use it at any establishment identified with this consortium, globally;
  • You'll get discounts starting from your first purchase;
  • Barclays waives the annual fee payment for you;
  • It offers an interest discount plan for early payments.

Additionally, it features a fraud liability protection system that exempts you from having to cover charges for unauthorized transactions or proven unauthorized activities.

Requirements to apply for the Gap Good Rewards Mastercard Credit Card

In order to obtain this credit card, you must meet the parameters established by Barclays, the entity that backs the credit fund granted in the payment instrument.

How to Apply for the Gap Good Rewards Mastercard® Credit Card
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  • Be of legal age (18 years old);
  • Be a resident in any state or city in the United States;
  • Demonstrate that you have a steady source of income, capable of covering the payment of the assigned credit fund;
  • Complete the application process online or at GAP store locations.

In addition, you must have a positive credit history in managing similar financial products, as your profile will be evaluated by the entity's credit analysis department.

Requirements to apply for the Gap Good Rewards Mastercard Credit Card

In order to demonstrate and support the information provided on the application form for this card, you need to have the following documents:

  • Valid identification card.
  • Proof of Employment issued by the company where you work. If your source of income comes from self-employment, you will need to provide proof of income.

However, it is important to note that even if you submit these documents, Barclays is the entity responsible for approving or denying the issuance of this card.

How to apply for the Gap Good Rewards Mastercard Credit Card?

By meeting the requirements set by Barclays and GAP, you can start the application process online through the financial institution's website following the steps detailed here.

How to Apply for the Gap Good Rewards Mastercard® Credit Card
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  1. Go to the Barclays website in the US;
  2. In the main panel, you will find the available financial products. Select the option “Credit Cards”;
  3. Among the options, you will find the “Gap Good Rewards Mastercard Credit Card”. Click on this;
  4. The details of the card will appear. Once you confirm that it meets your needs, click on the “Apply Now” button;
  5. You will see two options on the screen, the Gap Good Rewards Card and the MasterCard-backed one. Choose the second option;
  6. In the form, enter the last 4 digits of your Social Security Card and your phone number;
  7. The system will send you a text message to proceed with the application. Once received, enter it into the form and click on “Continue”;
  8. Provide your personal and financial information;
  9. Finally, agree to Barclays' terms and conditions and click on “Agree and Submit”.

Your application will then be sent to Barclays' credit analysis department, which will assess if your profile meets the requirements to obtain this credit card. 

Can I avoid paying interest on my purchases with the Gap Good Rewards Mastercard?

Yes, besides having a rewards program that benefits you for the purchases and payments you make at all establishments, you can also benefit from interest exemption on your purchases.

You will only need to make the agreed installment payment or the total debt amount before the time frame stipulated by the institution, which is generally before the end of the approved credit cycle on the card.

Interest rates applied to Gap Good Rewards Mastercard Credit Card

The interest rates that Barclays applies to the use of this credit card will depend on the transaction you make with it. Below we detail the factor applied in each case.

How to Apply for the Gap Good Rewards Mastercard® Credit Card
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  • For purchases with your credit card, the APR applied is 30.24%;
  • For transfers, the same factor is applied, but you will have to bear an additional commission;
  • For cash advances, the applied rate is 31.24%.

The factor applied in this and all credit cards of this financial institution depends on what the market stipulates, based on the preferential rate.

Commissions Applied to Gap Good Rewards Mastercard Credit Card

As mentioned earlier, in addition to paying interest on transactions made with this card, you will have to bear the commissions derived from these transactions or from failure to pay off the debt.

  • For cash advances, the commission will be $10.00 or 5% of the total transaction amount;
  • For balance transfers, the commission set is the higher of $5 or 5% of the transaction amount;
  • For foreign transactions, the applied commission will be 3% of the total;
  • Late or returned payments incur a fee of $41.

Before applying for this credit card, it is necessary to evaluate the Annual Total Cost by adding up these expenses to avoid falling into payment incapacity due to lack of awareness.

Benefits of applying for the Gap Good Rewards Mastercard Credit Card

We have already mentioned the benefits you can obtain with this credit card; however, we want to detail the elements that position it in the market as an option for purchasing GAP products.

How to Apply for the Gap Good Rewards Mastercard® Credit Card
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  • The annual fee is waived for this credit card, meaning the Total Annual Cost could be lower than other departmental payment tools or similar to this one;
  • The application process is online, so you won't have to go to the financial institution to obtain it. Additionally, the required documents and stipulated requirements are easily obtainable;
  • From the first purchase you make, you can benefit from the specified discounts;
  • Being a MasterCard-backed card, you can use it not only in GAP stores but also in any establishment, even outside the country;
  • It has a reward program based on spending where you can earn up to 5 points for purchases at GAP and 1 point for purchases at other establishments;
  • The reward percentage is up to 5% in specific categories and 1% on any purchase;
  • You can avoid accumulating interest on the debt by making the payment before the installment due date, within 23 days after the payment.

In addition, by acquiring this credit card, you can benefit from all the discounts and benefit programs offered by MasterCard as a support consortium. 

Disadvantages of Gap Good Rewards Mastercard Credit Card

Despite this card offering numerous benefits, it is essential to highlight some factors that could disadvantage it compared to similar products.

  • The benefits program for purchases requires a subscription or membership that you will have to pay for monthly;
  • The points earned through the benefits program can only be redeemed at GAP stores. In the event of returning a product, the money will be refunded to your card but in the form of GAP points;
  • To apply for this credit card, you need to have a well-established credit history. If you are new to the world of financing, this tool is not a good option.

However, despite the disadvantages outlined here, this card offers many benefits, especially if you frequent GAP stores or related brands.

Contact Information for Barclays and GAP

If you wish to learn about the details and benefits of this credit card, you can visit Barclays branches in New York or Miami. You can also request information at GAP stores.

How to Apply for the Gap Good Rewards Mastercard® Credit Card
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Another way to receive assistance for applying for this or other credit cards affiliated with GAP stores is through Barclays' Online Banking services.

Barclays' website also has a FAQ section where you can find answers to various questions about this credit card.

Barclays US Phone and Website Information

To contact the Barclays cardholder customer service department by phone, call 1-877-523-0478, or for general inquiries, dial (866) 928-8598.

If you have any questions or need assistance with the card application process, you can use the customer service form located under the 'Contact Us' section on the Barclays website.

If you want to learn about the benefits and fees associated with this or other cards linked to GAP stores, please visit the Barclays US website and navigate to the credit cards section.

Conclusion

Store-linked credit cards not only benefit you with a credit limit that you can pay over time, but you can also enhance their perks with the rewards programs that you can subscribe to.

Disclaimer: With the approval of the Gap Good Rewards Mastercard, you must assume the risks stipulated by the entity. For this reason, we invite you to check the terms and conditions issued by Barclays.

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