Barclaycard Ring Mastercard 12-Month 0% APRThe Barclaycard Ring Mastercard, one of the most unique credit cards we’ve reviewed, has added an unusual new balance transfer offer to complement its low ongoing APR. With this card, any balance transfers you make within the first 45 days of card ownership will get 12 months of 0% balance transfer APR. There is a balance transfer fee of 3% or $5, whichever is greater, but this one-time fee is likely a lot cheaper than the current interest you’re paying on your current credit card. For balance transfers you make after the first 45 days, though, you’ll pay the standard balance transfer APR (there’s no 0% intro APR), which is much lower than competitors, but there’s no balance transfer fee. This lets you change what kind of balance transfer bonus you get according to the timing of your balance transfer, giving you more control over your benefits. If the idea of a card that lets its customers choose the perks they like appeals to you, keep reading to see the Barclaycard Ring Mastercard’s other trailblazing features.

What does the Barclaycard Ring Mastercard offer?

Barclaycard Ring Mastercard
  • Receive a 12-month 0% intro APR on balance transfers made within the first 45 days of card ownership (with a balance transfer fee of 3% or $5, whichever is greater).
  • Pay no balance transfer fee on balance transfers made after the first 45 days of card ownership — note that there’s no 0% intro APR on balance transfers made after the first 45 days.
  • Low ongoing APR for purchases and balance transfers.
  • Earn rewards based on a share of Barclaycard Ring Mastercard’s profits.
  • Propose and vote on changes to the card program.
  • Get a free FICO Score that’s updated every month.
  • Pay no foreign transaction fees.
  • Pay no annual fee.

As previously mentioned, the Barclaycard Ring Mastercard is well-suited for balance transfers. When you open your card account, you can take advantage of the 12-month 0% intro balance transfer APR, and if you need to make another balance transfer after the first 45 days, you’ll enjoy no balance transfer fees and a low ongoing variable interest APR. If the balance transfer offer gets you to sign up for this card, though, the community features that make this card such a stand-out may encourage you to keep it in your wallet long after the balance is paid off. First, cardholders earn rewards, but instead of the rewards being based on your own purchases, they’re a share of the card’s estimated profits, called Giveback. You can earn a larger piece of the Giveback pie by keeping a clean account history with timely payments, and by referring friends to the Barclaycard Ring Mastercard.

Second, the features of this card can evolve according to user input. Cardholders can propose changes to the Barclaycard Ring Mastercard program that they think will make the card better, and after the Barclays team reviews them, the idea may be put up to a community vote. For example, Barclaycard Ring Mastercard holders voted to reduce the foreign transaction fee from 1% to 0% and paid for the foreign transaction fee cut by bumping up the card’s cash advance fee. Right now, this card has no annual fee, no foreign transaction fees and includes a free FICO Score that gets updated every month, but those benefits could change with future cardholder votes.

Are there any downsides to the Barclaycard Ring Mastercard?

While this card has a decently long 0% intro APR period for balance transfers, and its $0 balance transfer fee benefit lasts indefinitely once the first 45 days of card ownership pass, the Barclaycard Ring Mastercard’s offer is dwarfed by the Amex EveryDay Credit Card from American Express (a NextAdvisor advertiser). It features a longer 15-month 0% intro APR that applies to both purchases and balance transfers, as well as $0 balance transfer fees for transfers made in the first 60 days, and it lets cardholders utilize both of these benefits at the same time. The catch with the Amex EveryDay Credit Card from American Express is that it only allows balance transfers for the first 60 days of card ownership, but that isn’t much of an issue if you just care about transferring some specific balances you have in mind. The Amex EveryDay Credit Card also earns 2X points at U.S. supermarkets (up to $6,000/year in purchases, then it’s 1%), as well as 1 point per $1 spent on all other purchases, and has a 10,000-point bonus (worth $100 in travel through American Express travel) that cardholders can earn after spending $1,000 on purchases in the first 3 months.

As for the rewards, it’s difficult to tell how big of a reward you’ll be earning with the Barclaycard Ring Mastercard because it’s linked to the card’s financial performance, which is mostly out of your control. If you want a card with more predictable rewards that still has balance transfer perks, you should consider the Wells Fargo Cash Wise Visa Card as an alternative. It earns a flat 1.5% cash back on all purchases with no limits, and if you spend $1,000 on purchases within the first 3 months of card ownership, you’ll receive a $200 intro bonus. Though its balance transfer fee is a bit on the steep side, starting at an intro 3% for the first 12 months and then increasing to 5% after 12 months of card ownership, it has a 12-month 0% intro APR on both balance transfers and purchases.

Should I apply for the Barclaycard Ring Mastercard?

The Barclaycard Ring Mastercard is a serviceable balance transfer card with a one-of-a-kind focus on community. If you’re interested in a low-APR balance transfer card that sets itself apart with its level of user involvement, this credit card is for you. However, if you just want a dedicated balance transfer or rewards card without any frills, you may want to look elsewhere.

Visit our Barclaycard Ring Mastercard review to learn more about this card and apply online.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This content was accurate at the time of this post, but card terms and conditions may change at any time. This site may be compensated through the credit card issuer Affiliate Program.