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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
13.99% 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 13.99% 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 13.99% 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 a long 0% APR introductory period: 15 billing cycles, for purchases and balance transfers made within the first 60 days (after the intro period, 12.99% - 22.99% Variable APR on purchases). 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 quarter 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 November 17, 2017

This card compared to other balance transfer cards

Card Name
Barclaycard Ring™ Mastercard®
Balance Transfer Intro APR
0%
0%
0%*
Balance Transfer Intro Period
15 months (on balance transfers made within 45 days of account opening)
15 months
21 months
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 each balance transfer; $5 minimum.
Purchase Intro
APR:
0%
Period:
15 months
APR:
0%
Period:
15 months
APR:
0%*
Period:
21 months
Purchase APR
13.99% Variable 
15.99%-24.74% Variable 
14.99% - 24.99% (Variable) 
Annual Fee
$0
$0
$0*
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:
APR:
15 months (on balance transfers made within 45 days of account opening)
Balance Transfer Fee:
None
Annual Fee:
$0

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, 13.99%
  • 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(R) Credit Score

Credit Card Consumer Reviews:

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Apply online for Citi Simplicity® Card - No Late Fees Ever

Citi Simplicity® Card - No Late Fees Ever

  • The ONLY card with No Late Fees, No Penalty Rate, and No Annual Fee...EVER
  • 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the variable APR will be 14.99% - 24.99% based on your creditworthiness*
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