Features

Who is Barclaycard Ring MasterCard Designed For?

Barclaycard Ring MasterCard is designed for people with good to excellent credit who want a credit card with no annual fee and a low APR. It's also a good fit for people who are frustrated with traditional cards and just want a simple card with transparent terms and fees.

The Ring MasterCard is marketed as a balance transfer card, due to its low interest rates, but it doesn't have a 0% APR introductory rate. Therefore, consumers who have a significant credit card balance should probably try to go qualify for a card that offers a long introductory rate and has no balance transfer fee first; and then switch to Ring MasterCard once their balance is under control.

What are the Interest Rates for Barclaycard Ring MasterCard?

- Barclaycard Ring MasterCard charges all cardholders the same low interest rate for balance transfers, cash advances and purchases: just 8%.

This simplicity is rare among credit cards. Although there are other credit cards that charge 8%, or even a little less, on purchases, most hike their prices for cash advances. On the other hand, the Ring MasterCard doesn't have an introductory 0% rate for purchases or balance transfers.

What Are the Fees for Barclaycard Ring MasterCard Credit Card?

- The fees for the Barclaycard Ring MasterCard are nearly as simple as its interest rate schedule. It charges $1 for each cash advance, 1% for each foreign transaction and $25 for late payments and returned payments. That is it. No annual fee, no balance transfer fee or even an over the limit fee.

The cash advance and foreign transaction fees are supposedly designed to just cover Barclaycard's cost for processing the transaction. Regardless of whether that is completely accurate, the fees are certainly low, particularly for a card with an 8% APR.

What Is Barclaycard Ring MasterCard's Rewards Program Like?

Barclaycard Ring MasterCard is also unconventional in the way it structures its rewards program. Instead of having a points system or a straightforward cashback ratio, it uses a Giveback program that promises to share a fraction of its profits with the community of cardholders. The card even reveals its profit and loss statements every month.

However, the small print states that the profit sharing features are offered at the sole discretion of Barclaycard, which doesn't reveal how it actually calculates the profit sharing feature, apart from saying that it is not based on the actual profits of the program and that the it may or may not approximate actual profits. Needless to say, this is where the simplicity and transparency of the card breaks down. Not that it matters much. The cashback rewards program, which is essentially what the Giveback program is, is not what will attract customers to this card.

What about Barclaycard Ring MasterCard's Signup Bonus?

Barclaycard Ring MasterCard doesn't have a signup bonus.

Does Barclaycard Ring MasterCard Have Any Other Benefits?

The Barclaycard Ring MasterCard markets itself as a true community where rules and decisions are decided by the cardholders. The card lets users vote on the card's terms and conditions, and the perks it includes. This sounds great until you realize it means other cardholders get to pick your credit card's terms and conditions.

How Is Barclaycard Ring MasterCard Better Than Other Credit Cards?

The Barclaycard Ring MasterCard has an 8% APR for purchases, cash advances and balance transfers, and it doesn't have an annual fee. Those features alone would be enough to make this card worthy of a second look. The fact it has a transparent and inexpensive fee schedule, provides a form of cashback to its cardholders, and allows its cardholders to vote on the card's terms and conditions, just add to the allure of the card.

  • Card Type
    Balance Transfer Rewards
  • Customer Type
    Personal
  • Card Network
    Mastercard
  • Minimum Age
    18
  • Co-signing Allowed
  • Late Payment Penalty
    $25
  • Minimum Interest Charge
    $1
  • Returned Payment Fee
    $25
  • Foreign Currency Transaction Fee
    1%
  • Car Rental Insurance
  • Emergency Support
  • Extended Warranty
  • Flight Insurance
  • Fraud Liability
  • Free FICO Score
  • Lost Luggage Insurance
  • Travel Insurance
  • Air Miles
  • Cashback
  • Points
  • Purchases APR
    8% - %
js-table-filter bizname-nfl-extra-points-credit-card
0
js-table-filter ccard-type-136
js-table-filter every-purchase-138
js-table-filter points-137
15.24
0
js-table-filter no-annual-fee-238
js-table-filter no-introductory-apr-350
js-table-filter card-type-12
js-table-filter credit-required-114
js-table-filter credit-required-115
js-table-filter credit-required-116

Est. 2000

  • Every Purchase
  • Points
  • No Annual Fee
  • 0% Introductory APR
Card Type Rewards
Purchases APR 15.24%
Balance Transfer APR 15.24%
Intro APR period (months) 15
090
js-table-filter bizname-barclaycard-rewards-mastercard--average-credit
0
js-table-filter ccard-type-136
js-table-filter free-fico-score-575
js-table-filter gas-139
js-table-filter groceries-141
js-table-filter points-137
25.24
js-table-filter no-annual-fee-238
js-table-filter card-type-11
js-table-filter credit-required-114
js-table-filter credit-required-115
js-table-filter credit-required-116

Est. 2000

  • Free FICO Score
  • Gas
  • Groceries
  • Points
  • No Annual Fee
Card Type Rewards
Purchases APR 25.24%
Balance Transfer APR 25.24%
090
js-table-filter bizname-barclaycard-arrival-world-mastercard
js-table-filter air-miles-136
js-table-filter airlines-140
89
js-table-filter ccard-type-137
js-table-filter ccard-type-136
js-table-filter every-purchase-138
js-table-filter free-fico-score-575
js-table-filter gas-139
js-table-filter groceries-141
16.24
js-table-filter restaurants-142
js-table-filter travel-143
0
js-table-filter no-annual-fee-first-year-225
js-table-filter no-introductory-apr-350
js-table-filter card-type-11
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-115
js-table-filter credit-required-116

Est. 2000

  • Air Miles
  • Airlines
  • Every Purchase
  • Free FICO Score
  • Gas
  • Groceries
  • Restaurants
  • Travel
  • No Annual Fee First Year
  • 0% Introductory APR
  • No Foreign Transaction Fee
Annual Fee $89
Card Type Balance Transfer
Card Type Rewards
Purchases APR 16.24%
Balance Transfer APR 16.24%
Intro APR period (months) 12
083
js-table-filter bizname-the-priceline-rewards8482-visa-card
js-table-filter airlines-140
0
js-table-filter ccard-type-137
js-table-filter ccard-type-136
js-table-filter every-purchase-138
js-table-filter points-137
15.24
js-table-filter travel-143
0
js-table-filter no-annual-fee-238
js-table-filter no-introductory-apr-350
js-table-filter card-type-12
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-115
js-table-filter credit-required-116

Est. 1998

  • Airlines
  • Every Purchase
  • Points
  • Travel
  • No Annual Fee
  • 0% Introductory APR
  • No Foreign Transaction Fee
Card Type Balance Transfer
Card Type Rewards
Purchases APR 15.24%
Balance Transfer APR 15.24%
Intro APR period (months) 15
042
js-table-filter bizname-black-card-mastercard
js-table-filter airlines-140
495
js-table-filter ccard-type-137
js-table-filter ccard-type-136
js-table-filter points-137
14.99
js-table-filter no-introductory-apr-350
js-table-filter card-type-12
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-115
js-table-filter credit-required-116

Est. 1966

  • Airlines
  • Points
  • 0% Introductory APR
  • No Foreign Transaction Fee
Annual Fee $495
Card Type Balance Transfer
Card Type Rewards
Purchases APR 14.99%
Balance Transfer APR 14.99% var. APR%
006
js-table-filter bizname-barclays-bank-of-delaware--barnes-and-noble-mastercard
0
js-table-filter ccard-type-137
js-table-filter ccard-type-136
js-table-filter points-137
13.99
js-table-filter no-annual-fee-238
js-table-filter no-introductory-apr-350
js-table-filter card-type-11
js-table-filter credit-required-115
js-table-filter credit-required-116

Est. 2000

  • Points
  • No Annual Fee
  • 0% Introductory APR
Card Type Balance Transfer
Card Type Rewards
Purchases APR 13.99%
Balance Transfer APR 13.99% - 24.99% var. APR%
006
js-table-filter bizname-frontier-world-mastercard-with-no-annual-fee
js-table-filter air-miles-136
0
js-table-filter ccard-type-137
js-table-filter ccard-type-136
15.99
js-table-filter no-annual-fee-238
js-table-filter no-introductory-apr-350
js-table-filter card-type-11
js-table-filter credit-required-115
js-table-filter credit-required-116

Est. 1994

  • Air Miles
  • No Annual Fee
  • 0% Introductory APR
Card Type Balance Transfer
Card Type Rewards
Purchases APR 15.99%
Balance Transfer APR 15.99% – 24.99% var. APR%
006
js-table-filter bizname-china-airlines-mastercard-with-no-annual-fee
js-table-filter air-miles-136
0
15.99
0
js-table-filter no-annual-fee-238
js-table-filter card-type-11

  • Air Miles
  • No Annual Fee
Purchases APR 15.99%
Balance Transfer APR 15.99% – 24.99% var. APR (based on Prime Rate)%
000
js-table-filter bizname-frontier-world-mastercard-with-annual-fee
js-table-filter air-miles-136
69
js-table-filter ccard-type-137
js-table-filter ccard-type-136
15.99
js-table-filter card-type-11
js-table-filter credit-required-116

Est. 1994

  • Air Miles
Annual Fee $69
Card Type Balance Transfer
Card Type Rewards
Purchases APR 15.99%
Balance Transfer APR 15.99% – 24.99% var. APR%
006
js-table-filter bizname-barclaycard-arrival-world-mastercard-8212-89-annual-fee-card
js-table-filter air-miles-136
89
14.99
js-table-filter card-type-11
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-116

Est. 2000

  • Air Miles
  • No Foreign Transaction Fee
Annual Fee $89
Purchases APR 14.99%
006
js-table-filter bizname-barclaycard-ring-mastercard
0
js-table-filter ccard-type-137
js-table-filter ccard-type-136
8
js-table-filter no-annual-fee-238
js-table-filter card-type-11
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-116

Est. 2000

  • No Annual Fee
  • No Foreign Transaction Fee
Card Type Balance Transfer
Card Type Rewards
Purchases APR 8%
006
js-table-filter bizname-the-choice-privileges-visa-card
0
js-table-filter ccard-type-137
js-table-filter ccard-type-136
js-table-filter points-137
15.24
js-table-filter no-annual-fee-238
js-table-filter no-introductory-apr-350
js-table-filter card-type-12
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-115
js-table-filter credit-required-116

Est. 1941

  • Points
  • No Annual Fee
  • 0% Introductory APR
  • No Foreign Transaction Fee
Card Type Balance Transfer
Card Type Rewards
Purchases APR 15.24%
Balance Transfer APR 15.24% to 19.99% APR%
006
js-table-filter bizname-the-us-airways-premier-world-mastercard
js-table-filter air-miles-136
js-table-filter airlines-140
89
js-table-filter ccard-type-137
js-table-filter ccard-type-136
js-table-filter every-purchase-138
15.24
0
js-table-filter card-type-11
js-table-filter credit-required-116

  • Air Miles
  • Airlines
  • Every Purchase
Annual Fee $89
Card Type Balance Transfer
Card Type Rewards
Purchases APR 15.24%
Balance Transfer APR 15.24% or 18.24%* Variable%
000
js-table-filter bizname-williamssonoma-visa-signature-card
0
js-table-filter ccard-type-137
js-table-filter ccard-type-136
js-table-filter every-purchase-138
js-table-filter points-137
13.74
js-table-filter no-annual-fee-238
js-table-filter no-introductory-apr-350
js-table-filter card-type-12
js-table-filter credit-required-114
js-table-filter credit-required-115
js-table-filter credit-required-116

Est. 1956

  • Every Purchase
  • Points
  • No Annual Fee
  • 0% Introductory APR
Card Type Balance Transfer
Card Type Rewards
Purchases APR 13.74%
Balance Transfer APR 13.74%%
006
js-table-filter bizname-barclaycard-arrival-world-mastercard-no-annual-fee-card
js-table-filter airlines-140
0
js-table-filter ccard-type-137
js-table-filter ccard-type-136
js-table-filter points-137
14.99
js-table-filter restaurants-142
js-table-filter travel-143
js-table-filter no-annual-fee-238
js-table-filter no-introductory-apr-350
js-table-filter card-type-11
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-116

Est. 2000

  • Airlines
  • Points
  • Restaurants
  • Travel
  • No Annual Fee
  • 0% Introductory APR
  • No Foreign Transaction Fee
Card Type Balance Transfer
Card Type Rewards
Purchases APR 14.99%
Balance Transfer APR 14.99%, 18.99% or 22.99% APR variable%
006
js-table-filter bizname-the-carnival8482-mastercard
0
js-table-filter ccard-type-137
js-table-filter ccard-type-136
js-table-filter every-purchase-138
js-table-filter points-137
14.24
js-table-filter restaurants-142
js-table-filter travel-143
0
js-table-filter no-annual-fee-238
js-table-filter no-introductory-apr-350
js-table-filter card-type-11
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-115
js-table-filter credit-required-116

Est. 1972

  • Every Purchase
  • Points
  • Restaurants
  • Travel
  • No Annual Fee
  • 0% Introductory APR
  • No Foreign Transaction Fee
Card Type Balance Transfer
Card Type Rewards
Purchases APR 14.24%
Balance Transfer APR 14.24%
Intro APR period (months) 15
014
js-table-filter bizname-american-airlines-aadvantage-aviator-red-mastercard
js-table-filter air-miles-136
js-table-filter airlines-140
79
js-table-filter ccard-type-136
14.49
0
js-table-filter card-type-11
js-table-filter no-foreign-currency-transaction-fee-237
js-table-filter credit-required-115
js-table-filter credit-required-116

Est. 1934

  • Air Miles
  • Airlines
  • No Foreign Transaction Fee
Annual Fee $79
Card Type Rewards
Purchases APR 14.49%
Balance Transfer APR 14.49%
Intro APR period (months) 6
014
js-table-filter bizname-the-llbean-visa-card
0
js-table-filter ccard-type-137
js-table-filter ccard-type-136
js-table-filter cashback-135
js-table-filter every-purchase-138
14.24
js-table-filter no-annual-fee-238
js-table-filter card-type-12
js-table-filter credit-required-115
js-table-filter credit-required-116

Est. 1912

  • Cashback
  • Every Purchase
  • No Annual Fee
Card Type Balance Transfer
Card Type Rewards
Purchases APR 14.24%
Balance Transfer APR 14.24%
012
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