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Barclaycard® Rewards MasterCard® Review

Curtis Arnold Curtis Arnold

Full Review

Curtis Arnold Editor-in-chief
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The next British invasion may hit your wallet instead of your music collection, with UK lending giant Barclays using its Barclaycard brand to make inroads into the American credit card market. For a few years now, Barclaycard has backed some recognizable retail and travel rewards cards bearing familiar brands like US Airways and Wyndham Hotels. Lately, though, Barclays has put the new logo and brand of its American unit into the spotlight. The self-branded Barclaycard Rewards MasterCard offers borrowers with average credit the opportunity to earn perks and bonuses usually reserved for consumers with higher FICO scores.

This no annual fee card gives you a point for every dollar you spend on purchases, with double points for purchases at gas stations, grocery stores, and on monthly utility bills. Rack up more than 2,500 rewards points and you can redeem your balance for statement credits that can help cover the cost of your purchases. Like similar programs from Chase, American Express, and Citi, Barclaycard's reward structure doesn't require you to redeem your rewards points with a specific airline, restaurant, or retailer. Redemption values in Barclaycard's program compare favorably with those from similar programs that offer access to consumers with average credit.

How Barclaycard Rewards MasterCard compares with other credit cards for average credit

Like other credit cards for average credit, this card balances perks with a much-higher-than-average APR. If you're trying to earn as many rewards points as possible, Barclaycard's convenient website and smartphone apps allow you to process payments throughout your statement cycle. You won't want to carry a balance on this card, though.

Because Barclaycard doesn't define a warehouse store as either a gas station or a grocery store, you might get a better overall redemption rate from a card that bears a retailer's brand. However, for most consumers with average credit, the lack of an annual fee makes this card a relatively risk-free way to build a long-term relationship with a trusted lender as they grow their U.S. operation.

Rewards credit card for building or rebuilding credit

If you want to upgrade to a rewards credit card for average credit with no annual fee you might consider this card.

Credit reporting agencies rely heavily on your credit utilization ratio when calculating your credit score. Therefore, you'll get the most mileage from this account by keeping your monthly balance just above zero. If you've been using a prepaid debit card for routine expenses, switching to this card can give you added security and with the rewards program you can earn points thereby getting extra value with your purchases. Just submit your payments in time and keep your statement balance as low as possible.

Should you switch to Barclaycard Rewards MasterCard?

If you're currently paying an annual fee just to participate in a credit card rewards program, the Barclaycard Rewards MasterCard offers a compelling alternative. However, as your credit score improves, you'll earn access to accounts with lower APRs and higher rewards redemption rates. Many of Barclaycard's own credit cards for good to excellent credit offer added rewards bonuses and lower APRs.

Barclaycard® Rewards MasterCard® details

Points or Miles
1-2 pts/$1
Bonus Miles or Points
Purchase APR
24.99%* Variable 
Annual Fee
see more details ∨

Credit Card Rate Information:

  Balance Transfer
  Cash Advance
  24.99%* Variable
 24.99%* Variable
 25.24%* Variable
APR Floor:
Intro Rate:
Intro Period:

Finance Calculation Method:
 Daily balance
Default/Penalty APR:
 Up to 27.24% Variable
Default/Penalty Margin:
 Up to 23.99
Default/Penalty APR Floor:
Maximum Default APR:
 27.24% Variable
Penalty/Default Trigger:
 Penalty APR may be applied to your account if you make a late payment.

Credit Card Fee Information:

Annual Fee:
Foreign Transaction Fee:
(of each transaction in U.S. dollars.)
Late Fee:
 Up to $37
Over-the-limit Fee:
Balance Transfer Fee:
3% ($5 min. )  


Rebate Description:
Special Notes:
 No annual fee. Earn 2 points per $1 on gas, grocery, and utility purchases and 1 point per $1 everywhere else.
Credit Card More Information:

Card Issued By:
 Barclays Bank
General Correspondence Address:
Card Type:
Card Class:
Card Category:
States Available In:
Minimum Credit Limit:
Maximum Credit Limit:
Credit Limit Notes:

What Barclays Bank says about this card

  • No annual fee
  • Earn 2 points per $1 on gas, grocery, and utility purchases and 1 point per $1 everywhere else
  • Use the points you earn like cash to pay for almost any purchases you've made.
  • No redemption fees, no limit on the points you can earn and no complicated set up.
  • Reports to all 3 major credit bureaus monthly providing you the opportunity to rebuild your credit score
  • Complimentary FICO® Credit Scores as a benefit to active cardmembers. Opt-in to have instant and convenient access to FICO® Scores from your Barclaycard online account.

Credit Card Consumer Average Ratings:

Overall Ratings
Reward Program
Card Benefit
Customer Service

Credit Card Consumer Reviews:

  1. Overall Ratings:
    Reward Program:
    Card Benefit:
    Customer Service:
    RICARDO J SANTANA ( Jan 9, 2015 at 6:48 am)


  2. Overall Ratings:
    Reward Program:
    Card Benefit:
    Customer Service:
    Amanda Shorten ( Oct 7, 2014 at 4:17 pm)

    I love this company. Lots of helpful information, and gave me a second chance after a bad divorce, & a bankruptcy...Recommend to anyone...

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Special offers
Currently available on the Barclaycard® Rewards MasterCard®
2 points/$1 for Gas, Groceries and Utility Purchases; 1 point/$1 on all other purchases

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