Updated June 8, 2017
Overview: No balance transfer fees; 0% introductory APR for 15 months on Balance Transfers made within 45 days of account opening (14.24% Variable APR afterwards)
Full Card Review
The Barclaycard Ring™ Mastercard® is an excellent offer for those looking to save money on a credit card balance. Cardholders benefit from no fee transfers and a 0% introductory APR for 15 months on Balance Transfers made within 45 days of account opening. After the 15 month intro period, pay 14.24% Variable
The Barclaycard Ring™ Mastercard® offers a unique partnership with its cardholders. As a member, you will have access to the online community to give your input via votes and ideas. The community voted to nix a foreign transaction fee, which is why this card doesn't have one. You may need excellent credit to be approved, but if you are, you'll be able to help determine future benefits.
This card doesn't include rewards like you would get with other options, but you won't be empty-handed. The issuer shares its community profits with users in the form of cash back or charitable donations.
The Barclaycard Ring is also far more transparent than most other options. They release financial information on payments, interest, fees received and data on the card's user base, which is an uncommon feature in most credit cards.
If you plan to carry a balance, after the introductory period the low APR is a definite bonus. The card offers 14.24% Variable. It may not be the lowest APR of all credit cards, but it's very low compared to most other options. Again and again, that is a feature that users cite favorably in their reviews. Plus, a $0 annual fee is always a perk, and the $3 flat cash advance fee is unique.
This card may not have a ton of bells and whistles, but the benefits it does offer make this an excellent, unique card option for those with stellar credit.
Rewards and Benefits
- Enjoy a 0% intro APR for 15 months on balance transfers made within 45 days of account opening. After that, a variable 14.24% APR will apply
- Low 14.24% variable APR on purchases and cash advances
- No annual fee
- No foreign transaction fees
- International Chip and PIN
Requirements, Costs & Fees
- Credit needed: Excellent, Good
- Purchase APR: 14.24% Variable
- APR for Cash Advances: 14.24% Variable
- Balance Transfer Fee: None
- Cash Advance Fee: $3 for each cash advance
- Penalty APR: None
- Annual Fee: $0.
- Foreign Transaction Fee: None
- Late Payment Fee: Up to $27.
- Returned Payment: Up to $27.
- See all Rates and Fees
Editorial Note: This content is not provided by the issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the issuer.
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