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

Barclaycard Ring® Mastercard® Review

Pros & Cons

  • Take advantage of no interest for 15 months on balance transfers made within 45 days of account opening.
  • No balance transfer fees on transfers made AFTER the first 45 days, allowing you to take advantage of that low ongoing rate of 13.99% Variable even if you don't have a balance to transfer right away.
  • No annual fee or foreign transaction fees.
  • This is a no-frills card. If you're in the market to earn rewards, you'll want to look elsewhere.

Top Features

Regular APR
13.99% Variable
Purchase Intro
APR:
N/A
Annual Fee
$0

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 percent 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, the Barclaycard Ring® Mastercard® sparks our interest; Instead of dealing with a future rate that could easily hit 20 percent (or more), the Barclaycard Ring® Mastercard® offers a 13.99% Variable APR on purchases, balance transfers and cash advances PLUS it offers 15 months of no interest on balance transfers made within the first 45 days (subject to a balance transfer fee of 2 percent of the transfer amount or $5, whichever is greater). After those first 45 days, you can still transfer a balance and take advantage of that low ongoing rate, plus, you won't be charged a balance transfer fee at that point (See Rates and Fees).

Other Barclaycard Ring® Mastercard® perks to consider:

  • No annual fees
  • No balance transfer fees after the first 45 days
  • No foreign transaction fees
  • Chip-and PIN 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 Barclays 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 Ring® Mastercard® members share in the profits. Barclays 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 still fairly low but they have been creeping up 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 starting with the 15-month introductory offer on purchases and balance transfers with Chase Freedom® (then, 16.99% - 25.74% Variable) . The Barclaycard does give you 15 months no-interest on balance transfers, though, and then offers that low ongoing rate. Depending on how long you think it will take to pay off your balance, you might be better off with the shorter 0 percent intro period offered by the Barclaycard and then the lower ongoing rate.

The key difference, really, 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 each quarter you activate.
  • Earn $150 if you spend $500 in your first 3 months

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 quickly.

Barclaycard Ring® Mastercard® vs. BankAmericard® credit card

The BankAmericard® credit card isn't fancy, but it does offer a long 0% APR introductory period: 18 billing cycles, for purchases and balance transfers made within the first 60 days (after the intro period, 14.99% - 24.99% Variable APR on purchases and 14.99% - 24.99% Variable APR on balance transfers). There is no annual fee with this card, but there is also no sort of rewards or pay back program. The BankAmericard® credit card is your old-fashioned basic card with a twist – 18 billing cycles 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, Barclays 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 October 23, 2018

This card compared to other low interest cards

Regular APR
13.99% Variable
10.00% variable 
8.90% - 25.90% Variable 
Purchase Intro
APR:
N/A
APR:
N/A
APR:
N/A
Balance Transfer Intro APR
0% intro APR
10.00%
None
Balance Transfer Intro Period
for 15 months on balance transfers made within 45 days of account opening. After that, a variable 13.99% APR will apply.
N/A
None
Annual fees
$0
None
$0
CardRatings.com Editorial Staff

Barclaycard Ring® Mastercard® details

Balance Transfer Intro APR
0% intro APR
Balance Transfer Intro Period
for 15 months on balance transfers made within 45 days of account opening. After that, a variable 13.99% APR will apply.
Purchase Intro
APR:
N/A
Regular APR
13.99% Variable
Annual Fee
$0

What Barclays says about this card

  • Enjoy a 0% intro APR for 15 months on balance transfers made within 45 days of account opening. After that, a variable 13.99% APR will apply
  • Low 13.99% variable APR on purchases and cash advances
  • No annual fee
  • No foreign transaction fees
  • International Chip and PIN

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Highlighted offers
Currently available on the Barclaycard Ring® Mastercard®
0% intro APR for 15 months on balance transfers
Made within 45 days of account opening. After that, a variable 13.99% APR will apply.
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