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Barclaycard Ring® Mastercard® Review

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by Derek Silva Updated
Barclaycard Ring® Mastercard®

A Straightforward Card With Almost No Fees

The Barclaycard Ring® Mastercard® is a straightforward low-APR card with next to no fees. You won’t pay an annual fee, foreign transaction fee or balance transfer fee (on transfers made after first 45 days) with this credit card. Additionally, the Barclaycard Ring® Mastercard® carries a low 13.99% Variable APR.

While this card has no traditional rewards system, it does give small rewards to cardholders through a profit-sharing program called Giveback™. If you don’t like the sound of that, Barclaycard also has an online community where all cardholders can discuss and vote on future benefit changes for the card.  

Smart Features

Low APR – The Barclaycard Ring® Mastercard® offers a 13.99% Variable APR on purchases, balance transfers and cash advances.

No annual fee – Hate paying annual fees on credit cards? No worries -- the Barclaycard Ring® Mastercard® doesn’t have an annual fee.

No balance transfer fee – There is no fee on balances transferred to your Barclaycard Ring® Mastercard® after the first 45 days, making it easy to consolidate debt from other credit cards. If you transfer during the first 45 days to take advantage of the intro APR, you will have to pay a 2% or $5 (whichever is greater) balance transfer fee. 

No foreign transaction fee – Use your Barclaycard Ring® Mastercard® internationally without paying any foreign transaction fee. The card has an EMV chip for simple and secure transactions across the globe.

Free access to FICO® credit score – The Barclaycard Ring® Mastercard® gives cardholders free online access to their FICO® credit score. You can also receive alerts when your score changes.

Who It Benefits

The Barclaycard Ring® Mastercard® is best for people who want a simple credit card and who don’t mind missing out on credit card rewards. The low 13.99% Variable APR on purchases, transfers and cash advances is a better offer than you’ll find with many other cards.

While there are no rewards, for the right person, the low APR and minimal fees could result in savings greater than what you would earn in rewards from another card anyway.

How It Works

You’ll only qualify for a Barclaycard Ring® Mastercard® if you have good to excellent credit. This is because there is no annual fee, no foreign transaction fees and a low ongoing APR. There’s a late payment fee that varies by state, up to $27. There’s also no penalty APR if you miss a payment.

The Barclaycard Ring® Mastercard® also offers access to an online community where you can learn about financial topics, talk with other cardholders and vote on future changes to the card’s features and benefit structure.

There is no typical rewards system, but cardholders may receive occasional rewards through a proprietary system from Barclaycard called Giveback™. When cardholders make a purchase with their Barclaycard Ring® Mastercard®, a percentage is put aside into a pool. Once the amount in the pool reaches a certain amount, all cardholders receive an equal part of the pool.

What’s the Catch

You will need to have good to excellent credit (likely above 660) in order to qualify for the Barclaycard Ring® Mastercard®. This is due to its strong fee and interest rate structure. 

There is also no traditional rewards system with the Barclaycard Ring® Mastercard®. It does offer payouts through a profit-sharing program called Giveback™, but these rewards are infrequent and won’t compete with what you can get through other credit card rewards systems. This may not be the card for you if rewards -- like cash back, miles or points -- are your primary interests. 

Just the Math Please


The Barclaycard Ring® Mastercard® does not have a traditional rewards program. Cardholders can get small payouts through Giveback™, a profit-sharing program. This will pay all cardholders a certain amount based on how much money they collectively spend using their cards.

Balance Transfers

If you transfer balances to the Barclaycard Ring® Mastercard® within the first 45 days, you will receive an intro rate of 0% for the first 15 months. After that, you will receive a 13.99% Variable APR. If you take advantage of a balance transfer in the first 45 days, a balance transfer fee of 2% or $5 (whichever is greater) will apply. If you transfer a balance out of the first 45 days, no balance transfer fee will apply. 

Rates and Fees

Annual Percentage Rate (APR) for Purchases

13.99% Variable. This APR will vary with the market based on the Prime Rate.

APR for Balance Transfers

0% intro APR for 15 months on balances transferred within the first 45 days. After that, a 13.99% Variable APR will apply . This APR will vary with the market based on the Prime Rate.

APR for Cash Advances

13.99% Variable. This APR will vary with the market based on the Prime Rate.

Penalty APR and When It Applies

There is no penalty APR with the Barclaycard Ring® Mastercard®. However, there is a late payment fee of up to $27.

How to Avoid Paying Interest on Purchases

Your due date is at least 23 days after the close of each billing cycle. You will not be charged interest on purchases if you pay your entire balance by the due date each month.

Annual Fee


Transaction Fees

  • Balance Transfer Balance Transfers that post to the account within 45 days of account opening: Either $5 or 2% of the amount of each transfer, whichever is greater. Balance Transfers that post to the account after 45 days of account opening: $0

  • Cash Advances $3 for each cash advance

  • Foreign Purchase Transaction None

Penalty Fees

  • Late Payment Up to $27 

See all Rates & Fees

How It Stacks Up

The Barclaycard Ring® Mastercard® offers no traditional rewards system. If you are looking to pay off debt and get rewards from your credit card, you could consider the Citi® Double Cash Card. It offers 2% cash back, divided between 1% cash back on purchases and 1% cash back when you pay off your bill. The Citi® Double Cash Card has a 0% introductory APR on balance transfers for 18 months. The Barclaycard Ring® Mastercard® doesn’t match this offer, though its 13.99% Variable APR is lower than that offered by many of its competitors.

If you are looking for a little more balance transfer benefit then what the Barclaycard Ring® Mastercard® has to offer, and still want a strong all-around credit card, consider the Chase Slate® credit card.  It has no annual fee and a 0% introductory APR for 15 months on purchases and balance transfers. It also waives its fee for balance transfers for the first 60 days after opening your account. Balance transfers after 60 days are subject to a fee, however, at $5 or 5% of each transfer, whichever is higher.

Bottom Line

The Barclaycard Ring® Mastercard® is a straightforward credit card that lets responsible users avoid some of the fees and high interest charges that accompany many credit cards. It has a competitive 13.99% Variable APR.

Cardholders have their own online community where they can learn about financial topics and vote on future changes to the Barclaycard Ring® Mastercard®. You will need excellent credit to qualify for this card, so avoid applying if you don’t. It also doesn’t have a traditional rewards system, so if earning rewards is important to you, consider other options.