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Apply online for Barclaycard Ring™ Mastercard®
About Our Ratings
Credit Needed
Excellent

Barclaycard Ring™ Mastercard® Review

Pros & Cons

  • 15 months of no interest on purchases as well as on balance transfers made within 45 days of account opening.
  • No balance transfer fee to consolidate balances from higher-interest credit cards.
  • No Annual Fee
  • The Barclaycard Ring™ Mastercard® is a no-frills card. If you're in the market to earn rewards, you'll want to look elsewhere.

Top Features

Balance Transfer Intro APR
0%
Balance Transfer Intro Period
15 months (on balance transfers made within 45 days of account opening)
Balance Transfer Fee
None
Purchase APR
13.74%* Variable

Full Review

Curtis Arnold Editor-in-chief

Barclaycard Ring™ Mastercard® Essentials

A common mistake when signing up for a new credit card is getting overly excited about an introductory offer.  Finding out you can get 0% intro APR on purchases or balance transfers for a year or more is exciting, but don’t forget once the intro period is over the APR can skyrocket. For this reason, Barclaycard Ring™ sparks our interest; Instead of dealing with a future rate that could easily hit 20 percent (or more), Barclaycard Ring™ Mastercard®  keeps a 13.74%* Variable APR on purchases, balance transfers and cash advances. But that's after your introductory 15 months of 0 percent interest on all purchases as well as on balance transfers made within 45 days of account opening.

Other Barclaycard Ring™ Mastercard® perks to consider:

  • No annual fees
  • No balance transfer fees
  • No foreign transaction fees
  • Chip-card technology for extra security
  • Complimentary FICO® Credit Score easily accessed online any time

What Our Editors Like Most About the Barclaycard Ring™ Mastercard®

Democracy. Any good democratic entity lets the people have control and transparency. Here's how the Barclaycard Ring™ Mastercard® lets you do just that:

  • You can go online and vote any time Barclaycard is considering changing the terms of the card, such as APR and other fees.
  • You get access to the company's profit and loss statement for this card, so you can be an informed voter.

Creative perk: Barclaycard holders share in the profits. Barclaycard will pay you a portion of the company's profits. You can use those "dividends" yourself or donate them to charity through a program called GIVEBACK™ and GIVEBACK™ CHARITY. It's perhaps the most creative rewards program on the market.

Potential Downsides of the Barclaycard Ring™ Mastercard®

We like the GIVEBACK™ program for its creativity however, the red tape could put a damper in its luster. The company promises to make the calculation simple and transparent, but it also says it can discontinue the program at any time. Finally, your account needs to be in good standing to earn the rewards.

The 13.74%* Variable APR is also not guaranteed; since it's a variable rate, it can go up or down depending on the interest rates set by the Federal Reserve. Federal interest rates are low right now, so fair warning, this APR will likely go up.

How the Barclaycard Ring™ Mastercard® Compares to Other Rewards Cards

Barclaycard Ring™ Mastercard® vs. Chase Freedom®

These two cards are substantially different once you get beyond the same 15-month introductory offer on purchases and balance transfers. The Barclaycard doesn't charge a balance transfer fee, though, which is something to keep in mind.


The key difference, however, is in the rewards. The Chase Freedom® card offers:

  • 1% cash back on all purchases, with 5% cash back on purchases within certain categories, like gas stations, up to a quarterly cap.
  • Earn $150 if you spend $500 in your first 3 months, and earn another $25 when you add your first authorized user in the same 3 month period

Our vote is to go with Barclaycard if you just can't get used to regular credit card usage, and to go with the Chase option if you can. The rewards will add up fairly quick.

Barclaycard Ring™ Mastercard® vs. Chase Slate®

Chase Slate® is a shining star for balance transfers – in that it offers a $0 balance transfer fee when you make the transfer in the first two months, with a 0% APR on the transfer amounts for 15 months. That means you have slightly longer to make the transfer fee-free with the Chase card. With the no annual fee perk, the Slate® card, like the Barclaycard, becomes an excellent way to pay down debt. However if it takes longer than 15 months to pay down your debt, Slate transitions into a fairly high APR (see terms for details), whereas the Barclaycard rate doesn't go through the roof. Either way, timing is everything.

The Slate® card offers no rewards program where you get credit for particular purchases. Neither does the Ring Mastercard®, but the Barclaycard Ring™ Mastercard® does reward you with cash back based on company profits. Both cards give you easy access to your FICO® scores. The Chase Slate® card takes it one step further with its Monthly FICO® Score and Credit Dashboard, which provides reasons behind your credit score and tips on improving it.

Barclaycard Ring™ Mastercard® vs. BankAmericard® Credit Card

The BankAmericard® Credit Card isn't fancy, but it does offer one of the longest 0% APR introductory periods you're going to see: 18 billing cycles, for balance transfers. There is no annual fee with this card, but there is also no sort of rewards or pay back program. The BankAmericard® is your old-fashioned basic card with a twist -- a year and a half to pay off, interest-free, the debt you were accumulating on another card. We see it as the card to have, for the person who no longer wants to have a card (but still owes on one).

Who Should Get the Barclaycard Ring™ Mastercard®?

We like this card for you, if:

  • You are leery of using credit cards -- Its dedication to transparency may put you at ease.
  • You don't rely on credit spending to save for travel or gifting -- You want to avoid "the trap" of spending more than you normally would to get particular rewards.

If you've been burned by credit card usage, Barclaycard has developed a credit card that's worthy of a second chance. It's not power-packed with perks, but it's a program that honors responsible and nominal spending. What's your vote?

This page was last updated on April 21, 2017

This card compared to other balance transfer cards

Balance Transfer Intro APR
0%
0% Intro APR on Balance Transfers
0% Intro APR
Balance Transfer Intro Period
15 months (on balance transfers made within 45 days of account opening)
15 months
for 18 billing cycles for balance transfers made in the first 60 days
Balance Transfer Fee
None
$0 Intro fee on transfers made within 60 days of account opening. After that: Either $5 or 5% of the amount of each transfer, whichever is greater.
3% of the amount of each transaction or $10, whichever is greater
Purchase Intro
APR:
0%
Period:
15 months
APR:
0% Intro APR on Purchases
Period:
15 months
APR:
N/A
Purchase APR
13.74%* Variable
15.74%-24.49% Variable 
11.74% - 21.74% Variable APR on purchases 
Annual Fee
$0
$0
$0.00
Rates and Fees
This card is ideal for those who want a low ongoing variable APR and original features that come on few other cards.
CardRatings.com Editorial Staff

Barclaycard Ring™ Mastercard® details

Balance Transfer Intro APR
0%
Balance Transfer Intro Period
15 months (on balance transfers made within 45 days of account opening)
Purchase Intro
APR:
0%
Period:
15 months
Purchase APR
13.74%* Variable
Annual Fee
$0
see more  

Credit Card Rate Information:


 
  Purchase
  Balance Transfer
  Cash Advance
Index:
 Prime
 Prime
 Prime
Margin:
 4.75
 4.75
 4.75
APR:
  13.74%*
Variable
 13.74%* Variable
 13.74%* Variable
APR Floor:
 
 
 
Intro Rate:
 0%
 0%
 N/A
Intro Period:
 15 months
 15 months (on balance transfers made within 45 days of account opening)
 None


Finance Calculation Method:
 Daily balance (including new purchases)
Default/Penalty APR:
 None
Default/Penalty Margin:
 None
Default/Penalty APR Floor:
 
Penalty/Default Trigger:
 

Credit Card Fee Information:


Annual Fee:
 $0
Foreign Transaction Fee:
 None
Late Fee:
 up to $27
(the amount of the fee varies by state, see terms)
Over-the-limit Fee:
 $0
Balance Transfer Fee:
None  


Notes:

Rebate Description:
 
Special Notes:
 The customizable nature of the Barclaycard Ring™ Mastercard® makes it one of the most unique cards on the market today. Currently offering a low variable APR on balance transfers and purchases, this card also allows you to "decide on your own card benefits" and choose to share some of your rewards with charities.
Credit Card More Information:

Card Issued By:
 Barclaycard
General Correspondence Address:

Card Type:
 Â 
Card Class:
 See Terms
Card Category:
 Travel Rewards, Business, No Annual Fee, Hotel Rewards, Low Interest, Credit Card Deals, 0% Intro APR, Low Intro Rate, Student, Cash Back, Airline & Miles, Gas, PrePaid, No Foreign Transaction Fees, Primary Category Cards - Balance Transfer, Listed Card - Low Interest, Primary Category Cards - Low Interest
States Available In:
 
Minimum Credit Limit:
 
Maximum Credit Limit:
 
Credit Limit Notes:
 

What Barclaycard says about this card

  • 0% Introductory APR for the first 15 months on purchases. Plus, you'll get a 0% introductory APR for 15 months on Balance Transfers made within 45 days of account opening. After that, a variable APR will apply, 13.74%
  • No balance transfer fees
  • No foreign transaction fees
  • Chip technology, so paying for your purchases is more secure at chip-card terminals in the U.S. and abroad
  • Free online access to FICO® Credit Score

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Apply online for Chase Slate®

Chase Slate®

  • $0 Introductory balance transfer fee for transfers made during the first 60 days of account opening
  • Chase Slate named "Best Credit Card for Balance Transfers" four years in a row by Money Magazine
  • 0% Introductory APR for 15 months on purchases and balance transfers
  • Monthly FICO(R) Score and Credit Dashboard for free
  • No Penalty APR Paying late won't raise your interest rate (APR). All other account pricing and terms apply
  • $0 Annual Fee
Credit Needed:
Excellent/Good
Apply online for BankAmericard® Credit Card

BankAmericard® Credit Card

  • 0% Introductory APR for 18 billing cycles for balance transfers made in the first 60 days, then 11.74% - 21.74% Variable APR
  • Balance transfer fee of either 3% of the amount of the transfer or $10 (whichever is greater) applies
  • No annual fee
  • Saves you more on interest when you transfer balances from higher rate credit cards
  • $0 Liability Guarantee, so you're not responsible for any fraudulent charges made on your account
  • Access your FICO(R) Score for free within Online and Mobile Banking
Credit Needed:
Excellent/Good