Barclaycard Ring MasterCard® Review Credit Card 5 2017-01-11 07:58:04

Barclaycard Ring MasterCard® Review

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Rating:
Bottom Line:
Combines remarkable low ongoing APR on purchases & balance transfers with no balance transfer fee; No 0% intro APR; includes a unique profit sharing program

Full Review:
Looking for a card that not only offers a crazy low 8.5%* Variable APR on purchases and balance transfers but also lets it's cardholders influence profit or loss decisions and participate in a type of profit sharing? Then the Barclaycard Ring MasterCard® is the card for you.

This no-frills card features low APRs, no balance transfer fees (but no special 0% APR period like many other balance transfer cards we review), no annual fees and free FICO® Score. Just having no balance transfer fees can save you a good chunk of change, as these fees are typically about 3% of the transfer amount. Plus having access to your free FICO® Score can be helpful in keeping an eye on your credit standing.

In addition, customers are able to see the actual monthly profit and loss statement for the product and vote on program changes - in effect, help to manage the entire card program. For example, a line item on the monthly statement might indicate the cost of providing members with paper statements and how much could be saved by going paperless. Then cardholders can vote on which option they want. And instead of a traditional rewards program, the card's "Giveback" program allows users to share the estimated profits based on the community's financial performance.

If you're looking for a balance transfer card with no balance transfer fees, or just want a credit card with a super low ongoing 8.5%* Variable APR, this is a terrific choice. You'll also be able to vote on card changes and share in community profits via the Giveback program.

Highlights
  • A low, variable APR on balance transfers and purchases
  • No Annual Fee
  • No balance transfer fees
  • No foreign transaction fees
  • Share in the community profits through our Giveback™ program
  • Vote on product changes and share your ideas in Barclaycard Ring's community
  • Free online access to FICO® Credit Score lets you keep an eye on your credit and get alerts when we learn that your score has changed

Fees and APR
  • Annual fee: $0
  • Foreign Transaction Fee: None
  • Purchase APR: 8.5%* Variable
  • Balance Transfer APR: 8.5%* Variable
  • Balance Transfer Fee: None


Apply for a Barclaycard Ring MasterCard®

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Card Details

Purchase APR:8.5%* Variable
Features:Very low ongoing APR, No balance transfer fee, users help manage card program and participate in profits
Annual Fee:$0
Credit Needed:Excellent

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