Barclaycard Ring® Mastercard® Review

Our Detailed Review of This Card

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Looking for a card that not only has a 0% intro APR on balance transfers, but also lets its cardholders influence profit or loss decisions and participate in a type of profit sharing? If so, the Barclaycard Ring® Mastercard® is the card for you.

The Barclaycard Ring® Mastercard® features a 12-month 0% intro APR on balance transfers made in the first 45 days you have the card, and it has a low ongoing APR of 13.74% Variable, which is probably lower than the interest you're paying on your current credit card. Balance transfers made during the first 45 days that qualify for the 0% intro APR on balance transfers will incur a fairly standard fee of 3% (min $5) of the transfer amount. Even with the balance transfer fee, you'll likely still save money, particularly if you're transferring your balance from a card with a high interest rate. That's because the ongoing APR is low, so in the event that you carry a balance after the 0% intro APR expires, you won't be paying an arm and a leg in interest. To find out for sure, use our free and easy Balance Transfer Calculator. It should be noted that after the 45 days have passed, there's no balance transfer fee, but cardholders will have to pay a 13.74% Variable APR - there's no 0% intro APR on transfers made after 45 days of account opening.

Saving you even more money is the fact that there is no annual fee, along with no foreign transaction fees, an ideal feature for world travelers. Plus, you'll get access to your free FICO® Score that's updated monthly, which 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 Barclaycard Ring® Mastercard®'s Giveback™ program allows users to share the estimated profits based on the community's financial performance.

If you're looking for a card with a 12-month 0% intro APR on balance transfers, no annual fee and no foreign transaction fees, or just want a credit card with a low ongoing 13.74% Variable APR, the Barclaycard Ring® Mastercard® is a terrific choice. You'll also be able to vote on card changes and share in community profits via the Giveback program.


Fees and APR

  • Annual Fee: $0
  • Foreign Transaction Fee: None
  • Purchase APR: 13.74% Variable.
  • Balance Transfer APR: 0% intro APR for 12 months on balance transfers made within 45 days of account opening. After that, a variable 13.74% APR will apply.
  • Balance Transfer Fee: Balance Transfers that post to the account within 45 days of account opening: Either $5 or 3% of the amount of each transfer, whichever is greater. Balance Transfers that post to the account after 45 days of account opening: $0


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