Barclaycard CashForward World MasterCard Review

Information verified correct on February 20th, 2017

Save on interest with a 0% balance transfer promotion for 15 months and earn $100 cash bonus when you meet the eligible spend.

The Barclaycard CashForward World MasterCard offers a number of opportunities to save on credit card costs. New cardholders can enjoy a $100 cash rewards bonus when you meet the eligible spend, a balance transfer offer for the first 15 months all for $0 p.a. annual fee. Compare the card features and see how you can apply below.

Product NameBarclaycard CashForward World MasterCard
Intro APR for Balance Transfer0% Intro APR for 15 months (with minimum $5, 3% balance transfer fee)
Balance Transfer Revert RatePurchase Rate (15.24%, 20.24% or 25.24% Variable)
Balance Transfer Rate (not intro)15.24%, 20.24% or 25.24% Variable
Balance Transfer Request Time45 days
APR for Purchases ( Purchase Rate )15.24%, 20.24% or 25.24% Variable
Annual fee$0 p.a.
Cash Advance Rate25.74% Variable
Card TypeMasterCard
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 23 days
Returned Payment Fee$37
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Minimum Interest$0.50
Minimum Age18 years of age
Annual fee$0 p.a.
Returned Payment Fee$37
Late Payment Fee$37
Cash Advance Fee5% APR or a minimum of $10
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value

Pros

  • Enjoy $100 cash rewards bonus when you spend $500 on purchases in the first 90 days after account opening.
  • You'll earn unlimited 1.5% cash rewards for every purchase you make and 5% cash rewards redemption bonus each time you redeem, which you can use on your next redemption.
  • Cash rewards do not expire as long as your account is open, active and in good standing.
  • This card comes with 0% introductory APR for 15 months on balance transfers.
  • Pay no annual fee.

Cons

  • After the introductory balance transfer offer, variable APR will apply, currently 15.24%, 20.24% or 25.24% Variable, depending on your creditworthiness.

Barclaycard CashForward World MasterCard Review

You’ll receive a $100 cash rewards bonus when you spend $500 in the first 90 days of opening your account, plus a 1.5% cash reward every time you make a purchase. You’ll also save on interest costs with a 0% balance transfer APR for the first  months. Plus, this all comes without the cost of an annual fee.

Benefits of the Barclaycard CashForward World MasterCard

Some of the benefits you can expect from using this card include:

  • Purchase APR. A variable APR of 15.24%, 20.24% or 25.24% Variable applies on purchases.
  • Balance transfer APR. Repay your debt faster and without the cost of high interest with a 0% APR on balance transfers conducted for the first 15 months. You have to conduct your balance transfer within 45 days of the account opening to take advantage of the offer. Your remaining debt will attract a revert rate of 15.24%, 20.24% or 25.24% Variable at the end of the promotional period.
  • Cash rewards bonus. You’ll receive a $100 cash rewards bonus after you spend $500 in purchases in the first 90 days after your account is opened.
  • Cash rewards. Earn unlimited 1.5% cash rewards on every purchase. Every time you redeem, you’ll get a 5% cash rewards redemption bonus to use towards your next redemption. Redeem your cash rewards starting at $50 for a deposit into your bank account, a statement credit or gift cards.

Features of the BarclayCard CashForward World MasterCard

  • No annual fee. You can enjoy the features of this card without paying an annual fee.
  • Cash advances. If you use your card for a cash advance, you’ll be charged 5% APR or a minimum of $10 and will incur a 25.74% variable rate.
  • Foreign transaction fee. If you use this card to make payments overseas or in a foreign currency while online shopping, you’ll be charged a 3% currency conversion fee.
  • Late payment fee. If you miss a payment, you can expect late payment fees of up to $37.
  • Cash rewards. You cash rewards don’t expire as long as your account remains open, active and in good standing.
  • Revert APR. The balance transfer offer will revert to 15.24%, 20.24% or 25.24% Variable.
  • Balance transfer fee. You’ll be charged minimum $5, 3% (whichever is greater) of the transfer amount when you conduct your balance transfer.
  • Interest-free purchases. You won’t be charged interest on your purchases if you pay your balance in full by the end of each statement period. Your due date is at least 23 days after the close of each billing cycle.

How to apply for the Barclaycard CashForward World MasterCard

If you’ve decided to apply for the Barclaycard CashForward World MasterCard, you can begin your online application by completing a secured form. Make sure you’ve met the eligibility requirements and have the necessary documents on hand before applying though.
Eligibility requirements:

  • You must be at least 18 years of age
  • This offer is available only to applicants who are residents of the United States,  with the exception of Iowa, Puerto Rico and the US territories
  • You must have an excellent credit rating to apply for the card
  • If you’re an existing Barclaycard customer, you won’t be able to take advantage of the card’s promotional offers
  • Not available to residents of Iowa

Required documents:

  • Including your full name, contact number, residential address and email address
  • Such as your driver’s license
  • If you decide to conduct a balance transfer, make sure to have the details of the existing account ready

The Barclaycard CashForward World MasterCard includes a number of benefits and competitive offers. However, as it’s not the only card of its kind on the market, you’ll benefit from comparing your options before making a final decision.

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Frequently asked questions

These are some of the most frequently asked questions about Barclaycard credit cards. If you still have questions about Barclaycard credit cards, feel free to get in touch with us anytime.

Will I know for sure what my card’s APR will be before I apply?

Unfortunately, it won’t be possible to know what APR you’ll have until your application is approved. The best you can do is find the range of rates you might receive; for example, with the Barclaycard Visa with Apple Rewards, you’ll have an APR of 14.24%, 20.24%, or 27.24%. Of course, the better your credit, the better your chances of receiving a favorable interest rate.

What is my Barclaycard credit card monthly statement?

Each month, you’ll receive a summary of the transactions you’ve made with your card. You’ll see purchases you’ve made and whether you’ve accrued rewards or points with your card. By default, you’ll get your statements via mail, but you can sign up for paperless statements that are viewable online.

What should I know about my Barclaycard credit card’s interest charges?

As with all credit cards, it’s often a good idea to pay off your balance in full each month to avoid accruing interest. With Barclaycard, you will not be charged interest if you pay off your balance by your monthly due date. If you are charged interest, you’ll be assessed at least $0.50.

Does Barclaycard require a minimum credit score to apply?

Many Barclaycard cards come with generous rewards — and rewards cards typically require higher credit scores — so it is recommended that you only apply for a Barclaycard with fair to excellent credit, which is generally a score of 680 or higher.

How does Barclaycard protect me from fraud?

Barclaycard has a feature called SecurPass, which is a verification method to confirm your identity whenever your account is accessed. You’ll also receive fraud text alerts that will notify you when there is suspicious activity on your card. Furthermore, Barclaycard offers its $0 Fraud Liability protection, which means you are not responsible for unauthorized purchases made with your card.

Does Barclaycard offer a mobile app?

Yes, Barclaycard offers a free mobile app. You can use it to access your account, track your spending, see your current balance, pay bills, and even transfer balances.

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