Barclaycard Rewards Mastercard

The Barclaycard Rewards is designed for people with good credit who want to a straightforward cash back card with no annual fee. It is particularly good for people who spend a lot on gas, groceries or utilities. Qualifying for a larger credit limit is simple with this card, which also makes it a good option for people who want to further improve their credit score.

Rates are on the high-end: a variable 25.24% APR for purchases and balance transfers and 25.49% APR for cash advances. There is no introductory APR either, so this is not a card you want to keep a balance on if you can avoid it.

The Barclaycard Rewards card for good credit has no annual fee. The balance transfer fee is the standard 3% with a $5 minimum, and the cash advance fee is 5% with a $10 minimum. There's also a 3% foreign transaction fee, so you might want to leave this card at home when you're traveling abroad.

The rewards program is the main attraction of this card. Cardholders receive 2x points on everyday purchases like gas, groceries and utilities and 1 point for every $1 spent on all other purchases. Members can redeem points as statement credits, statement cash backs, gift cards and merchandise. The minimum amount of points you can redeem is 1,000, which has a value of $10. The points never expire and there's no limit to how many you can earn. With the Barclaycard Rewards Mastercard, you get the high reward rates of the Chase Freedom and Discover it cards without the hassle of quarterly sign-ups and rotating categories.

There's currently no signup bonus with this card.

The Barclaycard Rewards for good credit includes $0 fraud liability, free access to your FICO credit score. Members who make five on-time payments qualify for a credit line increase review. Receiving a larger credit limit can help improve a person's credit score, as long as the card is used responsibly.

Although this is a no-frills card with little in the benefits department, it does offer a generous rewards rate on everyday purchases without charging an annual fee. Redeeming points is simple and straightforward, and the benefits it does have, such as access to your FICO score and regular credit line increases, will be useful to everyone not just frequent fliers and big spenders.