The card’s main draw is its low normal APR on all balances, which few other cards can beat.
- Get this card if you want a low normal APR on all balances and a strong intro APR on balance transfers.
- Pick something else if you want rewards, a signup bonus or a longer intro APR on purchases or balance transfers.
- Apply with a good to excellent credit score of 670 or higher.
|Product Name||Barclaycard Ring® Mastercard®|
|APR (Annual Percentage Rate) for Purchases||13.99% variable|
|Introductory Balance Transfer APR||0% for the first 15 billing cycles (then 13.99% variable)|
|Balance Transfer Fee||$5 or 2% of the transaction, whichever is greater|
|Cash Advance Rate||13.99% variable|
|Foreign Transaction Fee||None|
|Cash Advance Fee||$3|
|Interest Free Period||Up to 23 days|
|Late Payment Fee||Up to $27|
|Returned Payment Fee||Up to $27|
|Additional Cardholder Fee||$0|
|Minimum Age||18 years of age|
The Barclaycard Ring® Mastercard® isn’t a flashy product. Instead, it’s most attractive for its quiet, cost-saving features.
You’ll like the $0 annual fee and strong intro APR on balance transfers. But the card’s main draw is its low normal APR on all balances. Few other products beat the Barclaycard Ring® Mastercard® here. To further sweeten the pot, you’ll pay no fees on balance transfers you make after the first 45 days of your account opening, and you’ll incur low fees on cash advances.
Annual fee: None.
Take advantage of the card’s low normal APR and intro APR on balance transfers without paying an annual fee.
Intro APR: 0% on balance transfers for 15 billing cycles following your account opening, and 13.99% variable APR after that.
This is a strong intro APR for balance transfers. For your transfers to qualify for this rate, make them within the first 45 days of card membership.
Normal APR of 13.99% variable for purchases, balance transfers and cash advances.
Very few unsecured cards offer a lower normal APR. The Barclaycard Ring® Mastercard® may be a good option if you plan on carrying a balance for a long time.
You’ll also like …
No balance transfer fees for transfers that post to your account after the first 45 days of card membership.
This perk gives you an interesting decision. You can make a transfer within the first 45 days of your account opening and qualify for the intro APR, but you’ll need to pay transfer fees of $5 or 2% of the transaction, whichever is greater. Or you can make a transfer after the first 45 days, avoiding transfer fees but accruing interest immediately at a 13.99% variable APR.
No foreign transaction fees.
The Barclaycard Ring® Mastercard® is a great choice to bring on vacation, as you won’t pay fees when you use it abroad or on foreign websites.
You won’t be liable for unauthorized charges on your account. And you can check your FICO credit score for free.
Your card will have international chip-and-PIN capability, which means you can use it to make a purchase that requires a PIN.
Relatively low cash advance fee.
For most cards, you’ll pay the greater of a flat or percentage fee for a cash advance. For example, you might pay $10 or 5% of the cash advance amount, whichever is greater.
The Barclaycard Ring® Mastercard® comes with a fee of just $3 per cash advance.
What to watch out for
Intro APR applies only to balance transfers you make within the first 45 days of card membership
Balance transfers you make after this time will accrue interest at a 13.99% variable APR.
0% balance transfer fee applies only to transfers you make after the first 45 days of card membership.
If you make a balance transfer within the first 45 days, you’ll pay a fee of $5 or 2% of the transaction, whichever is greater.
Late and returned-payment fees.
For each late or returned payment, you’ll pay a fee of up to $27. If you live in Iowa, you’ll pay a fee of up to $15.
Consider other cards if …
You want a longer intro APR on balance transfers.
Fifteen months is a strong intro-APR period. For a better one, try the Citi Simplicity® Card. You’ll receive a 0% intro APR for 21 months on balance transfers from the date of your first transfer. After that, a variable APR of 15.99% to 25.99% applies.
You want an excellent intro APR on purchases and balance transfers.
The U.S. Bank Visa® Platinum Credit Card is a fantastic option. It offers 0% intro APR for 20 billing cycles following your account opening on purchases and balance transfers. A variable APR of 11.99% to 23.99% applies after that.
You want an intro APR on balance transfers and no transfer fees for the first few months.
The Chase Slate® credit card is a formidable competitor to the Barclaycard Ring® Mastercard®. Not only does it offer 0% intro APR for 15 months from your account opening on balance transfers and purchases, it also offers $0 balance transfer fees for the first 60 days of card membership. That’s a better deal if you plan on making balance transfers soon after you open your card.
You want an even lower normal APR.
The Simmons Visa® is a rare card that has a better interest rate than the Barclaycard Ring® Mastercard®. It offers a 10.25% variable APR for purchases and balance transfers.
You want rewards.
There are plenty of no-annual-fee cards with rewards. The Citi® Double Cash Card and Chase Freedom Unlimited® are great choices for flat-rate rewards. If you want tiered rewards, you might like the Bank of America® Cash Rewards credit card, which is great for everyday purchases. Or the Chase Sapphire Preferred® Card, which is strong for dining and travel purchases.
You want a signup bonus.
The Bank of America® Cash Rewards credit card offers a great signup bonus, and the Wells Fargo Propel American Express® Card has an enticing welcome offer. If you’re willing to pay an annual fee, you’ll find attractive bonuses with the Savor® Rewards from Capital One®, Chase Sapphire Preferred® credit card and Barclaycard Arrival® Plus World Elite Mastercard®.
Compare balance transfer credit cards
How does a balance transfer work with this card?
- Apply for the card. You can make a balance transfer when you open your card. You’ll need the account number of your existing balance. You’ll also need information like your employment details, Social Security number and income.
Don’t worry if you don’t want to make a balance transfer immediately; you can request one later.
- Understand your balance transfer details.
|If your balance transfer posts within the first 45 days of your account opening…||If your balance transfer posts after the first 45 days of your account opening…|
|It qualifies for this APR…||0% intro APR for the first 15 billing cycles — after that, 13.99% variable APR||13.99% variable|
|And you’ll pay this fee…||$5 or 2% of the transaction, whichever is greater||0%|
- Keep track of your balance transfer. Consider making a plan to pay off your transfer within a definite time period. If your transfer qualifies for the intro APR, you might find it advantageous to pay off the balance before your 15 billing cycles are up. Otherwise, your balance will accrue interest at the normal rate after your intro APR ends. If your transfer doesn’t qualify for the intro APR, it might be even more important to pay off your balance within a certain time. A 13.99% variable APR, while low, can sneak up on you over time and land you with high debt.
What should I know before I apply?
- You’re at least 18 years old.
- You’re a resident of the United States (with the exception of Puerto Rico and US territories).
You’ll need this information to apply:
- Your name, residential status and time spent at your current address.
- Your phone number and email address.
- Your occupation and income details.
- Your date of birth, Social Security number and mother’s maiden name.
- For balance transfers, relevant credit card numbers along with corresponding balance transfer amounts.
What do customers say about the Barclaycard Ring® Mastercard®?
Happy cardholders cite the card’s low interest rates and cash advance fees. However, some unhappy cardholders say Barclays lowered their credit limits without warning.
Barclays Bank has been accredited by the Better Business Bureau (BBB) since 2001, and it has an A+ rating with the agency. Though it has over 1,100 customer complaints as of this writing, many of them are reported by the BBB as answered or resolved. Even if you have an issue with your card, you’ll likely be able to get assistance by contacting the bank.
How to apply for the Barclaycard Ring® Mastercard®
- Go to the Barclays website and click Apply now.
- Complete the application form with details like your name, address, residence status, employment information, total annual income and contact information.
- Review your application and submit it.
How long will it take to get my Barclaycard Ring® Mastercard®?
Conditional approval is automated on the Barclays website, so you may receive an immediate decision. If there are issues with your application, wait up to two weeks to hear back.
If you’re approved, look for your card and any welcome materials in the mail within seven to 10 business days.
I got the card. Now what?
- Register an account at the Barclays website. You can check your account balance, sign up for auto pay and make payments.
- Avoid interest. If you have a zero balance, any purchases you make during a billing cycle will have a grace period on interest once the cycle closes. This means you have at least 23 days after the close of the billing cycle to pay off your purchases without accruing interest. This doesn’t apply to balance transfers or cash advances.
- Avoid fees. You’ll pay a fee for any balance transfer that posts to your account within the first 45 days. You’ll also pay fees for cash advances, late payments and returned payments.
- Contact customer service. If you need help with your account, call Barclays support at 877-523-0478.
The Barclaycard Ring® Mastercard® is most useful if you want a low normal APR on all balances. But it also comes with some muted features like a $0 annual fee, strong intro APR on balance transfers, $0 fees on select transfers and low cash advance fees.
You may find that none of the cards fit what you’re looking for, and that’s alright. Take your time and compare other credit cards to find the best one that suits your needs.
Frequently asked questions