How to Compare Credit Cards

Many people don’t think twice about signing up for a credit card. Looking for a new credit card that can save you money in the long run? This guide will help you to compare credit cards in Barbados so that you can find the one that’s right for you.

How do Credit Cards Work?

A credit card is a sophisticated product that enables you to make purchases either by entering the card number, code and your name or by swiping in a point of sale device. These purchases can be made online, face to face or over the phone.

Credit cards tend to have higher interest rates that regular loans. This is because you are essentially paying for the convenience of having unsecured funds available at your fingertips.

When using your card, always exercise caution. Always use your card with reputable vendors. Credit card fraud and identity theft are closely intertwined and can have damaging effects on your life.

How to Compare Credit Cards

To compare credit cards, you should start with a list of the cards that are available to you. The credit cards listed below are the majority of the cards available in Barbados. Please remember that the information presented below is subject to change without notice and is not under the control of this website.

CREDIT CARDCARD NAMEFEATURESUSEANNUAL FEE (BDS)INTERESTMORE INFO
CIBC FCIB British Airways Visa PlatinumCIBC FCIB British Airways Visa Platinum* Earn Avios for everyday purchases
* Travel accident insurance coverage
* Emergency legal assistance
Personal$300.0023.00%Yes
CIBC FCIB Visa PlatinumCIBC FCIB Visa Platinum* Earn 1 point for every $2 spent
* Travel accident insurance
* Receive 5000 bonus points on sign up
Personal$300.0023.00%Yes
CIBC FCIB Visa Rewards GoldCIBC FCIB Visa Rewards Gold* Earn and redeem points
* Free travel accident insurance
* Access to emergency travel services
Personal$100.0023.00%Yes
CIBC FCIB Visa Rewards ClassicCIBC FCIB Visa Rewards Classic* Earn and redeem points
* Travel accident insurance
Personal$65.0023.00%Yes
CIBC FCIB UWI Visa ClassicCIBC FCIB UWI Visa Classic* Available for UWI students, alumni and staff
* Pre-approved credit card available for UWI faculty and staff
* Reduced interest rate
Personal$40.00 ( Some waivers apply)21.00%Yes
CIBC FCIB UWI Visa GoldCIBC FCIB UWI Visa Gold* Available for UWI students, alumni and staff
* Pre-approved credit card available for UWI faculty and staff
* Reduced interest rate
Personal$90.00 ( Some waivers apply)21.00%Yes
CIBC FCIB Simpson Motors VisaCIBC FCIB Simpson Motors Visa Classic* Available for Simpson Motors staff and customers
* Earn cash back rewards
Personal$90.0022.50%Yes
CIBC FCIB British Airways Visa BusinessCIBC FCIB British Airways Visa Business* Earn Avios for everyday purchases
* Travel accident insurance coverage
* Emergency legal assistance
Business$240.0023.00%Yes
CIBC FCIB Visa BusinessCIBC FCIB Visa Business* Travel Assistance Services
* Travel accident insurance
* Auto rental insurance
Business$170.0023.00%Yes
CIBC FCIB bizline Visa BusinessCIBC FCIB bizline Visa Business* Earn 1 reward point for every $2 spent
* Auto rental insurance in the USA and Canada
* Travel assistance services worldwide
Business$200.0018.00%Yes
first citizens visaFirst Citizens Visa Classic and GoldPersonalYes
first citizens visaFirst Citizens Visa Platinum* Exclusive Visa Platinum Privileges
* Travel Accident Insurance
* First Citizens Card Plus Programme
Personal$300.0014.00%Yes
first citizens mastercardFirst Citizens MasterCard StandardPersonalYes
Globe Finance - BARP Visa ClassicGlobe Finance - BARP Visa Classic* Earn 1% cash back at BARP affiliates
* Earn 0.8% cash back on other purchases
PersonalYes
Globe Finance - BARP Visa GoldGlobe Finance - BARP Visa Gold* Earn 1.5 reward points for every $2 spent at BARP affiliates
* Earn 1 reward point for every $2 spent elsewhere
PersonalYes
Globe Finance - BARP Visa PlatinumGlobe Finance - BARP Visa Platinum* Earn 1.5 reward points for every $2 spent at BARP affiliates
* Earn 1 reward point for every $2 spent elsewhere
PersonalYes
Republic Bank International Platinum VISARepublic Bank International Platinum VISA * Republic Bank Bonus Points
* Interest free credit
* VISA auto rental insurance
PersonalYes
Republic Bank International Visa GoldRepublic Bank International VISA* Republic Bank Bonus Points
* Interest free credit
* VISA auto rental insurance
PersonalYes
RBC Rewards Visa PlatinumRBC Rewards Visa Platinum* Earn 1 RBC Rewards Point for every $2 spent
* Free SkyBox address
* Free Visa travel accident insurance
Personal$250.0022.00%Yes
RBC Visa GoldRBC Visa Gold* Free SkyBox address
* AVIS discounts and upgrades
* Free Auto rental insurance coverage
Personal$90.0022.00%Yes
RBC Visa Classic InternationalRBC Visa Classic International* Free SkyBox address
* AVIS discounts and upgrades
* Free Auto rental insurance coverage
Personal $65.0022.00%Yes
RBC Visa Travel MoneyRBC Visa Travel Money* No credit approval required
* Reloadable at all RBC branches
* Exclusive to RBC customers
PersonalNot Applicable22.00%Yes
RBC Rewards Visa Business PlatinumRBC Rewards Visa Business Platinum* Earn unlimited rewards
* Pool points
* Travel without restrictions
Business$300.0022.00%Yes
RBC Visa Corporate Expense CardRBC Visa Corporate Expense Card* Free SkyBox address
* Free Auto rental insurance coverage
Business$75.0022.00%Yes
Scotiabank MasterCardScotiabank MasterCard* Earn 1% cash back
* Optional $30,000 BBD Credit Life Protection
Personal$29.00/ $60.00/ $70.0021.50%Yes
Scotiabank Gold MasterCardScotiabank Gold MasterCard* Earn 3% cash back
* Optional $30,000 BBD Credit Life Protection
Personal$115.0021.50%Yes
Scotiabank PriceSmart Diamond MasterCardScotiabank PriceSmart Diamond MasterCard* Up to 3% cash back on purchases at PriceSmart
* 1% cash back on all other purchases
Personal$60.00/ $70.0021.50%Yes
Scotiabank AERO Platinum MasterCardScotiabank AERO Platinum MasterCard* Earn 1 ScotiaPoint per $1 USD spent
* Total Bonus of 3,000 ScotiaPoints on 1st purchase
* Book on any airline
Personal$199.00/ $70.0021.50%Yes
Scotiabank AAdvantage MasterCardScotiabank AAdvantage MasterCard* Earn AAdvantage miles with every purchase made on your card
* Redeem miles for flights, vacation packages, car rentals and hotel stays
Personal$115.00/ $75.0021.50%Yes

Find the Best Credit Card Deals

Now that you’ve seen a small comparison of the credit cards available in Barbados, your task is to find the one that’s right for you. Contact the local banks and other financial institutions that offer credit cards to what they can offer. Your unique situation will determine whether or not you are successful with your credit card application.

The card with the largest limit might be tempting, but it is not necessarily the one that will be right for you. Before you make a decision, it is important that you understand how the card works, applicable fees, interest rates and credit terms.

Are you on the hunt for a savings account? Let’s compare savings accounts together!

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