Barclaycard Ring™ Mastercard® review | finder.com

Barclaycard Ring® Mastercard® review – December 2018

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Barclaycard Ring® Mastercard® Learn more Apply now

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  • Clicking Apply now will take you to your online application on the bank's website. You do not need to be an existing customer of this bank to apply.
  • Your application will typically take you no more than 10-15 minutes to complete
  • Once approved, you will typically receive your credit card within 1-2 weeks
Click here to start your application >>

The card’s main draw is its low normal APR on all balances, which few other cards can beat.

30-second take

  • 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 NameBarclaycard Ring® Mastercard®
Card TypeMastercard
Annual Fee$0
APR (Annual Percentage Rate) for Purchases13.99% 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 Rate13.99% variable
Foreign Transaction FeeNone
Cash Advance Fee$3
Interest Free PeriodUp to 23 days
Late Payment FeeUp to $27
Returned Payment FeeUp to $27
Additional Cardholder Fee$0
Minimum Age18 years of age


Apply now

The basics

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.

The perks

  • 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.

  • Barclays benefits.

    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 …

Compare balance transfer credit cards

Name Product Filter values Introductory Balance Transfer APR APR (Annual Percentage Rate) for Purchases Annual Fee Minimum Credit Score
0% for the first 15 months (then 16.99% to 25.74% variable)
16.99% to 25.74% variable
$0
670
0% intro APR for 15 months from account opening on purchases and balance transfers.
0% for the first 15 months (then 16.99% to 25.74% variable)
16.99% to 25.74% variable
$0
670
0% intro APR for 15 months from account opening on purchases and balance transfers.
0% for the first 15 months (then 14.99% to 25.99% variable)
14.99% to 25.99% variable
$0
680
Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months. Rates & Fees
0% for the first 12 months (then 14.99% to 25.99% variable)
14.99% to 25.99% variable
$95
670
Earn $200 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & Fees
0% for the first 15 months (then 14.99% to 25.99% variable)
14.99% to 25.99% variable
$0
680
Earn up to $250 back. Earn $150 back after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership. Plus, earn an additional $100 back after you spend an additional $6,500 in purchases within your first 12 months. Rates & Fees

Compare up to 4 providers

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 APR13.99% variable
And you’ll pay this fee…$5 or 2% of the transaction, whichever is greater0%
  • 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?

Eligibility criteria:

  • 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.
Apply now

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®

  1. Go to the Barclays website and click Apply now.
  2. Complete the application form with details like your name, address, residence status, employment information, total annual income and contact information.
  3. 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.

Bottom line

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

Images: Barclaycards

Kevin Joey Chen

Kevin Chen is a world-travelin', copy-writin', Game of Thrones-watchin' credit cards writer for finder.com. When he's not crunching the numbers on bonus points and comparing APRs, you can find him flying around the world in search of the perfect beer.

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8 Responses

  1. Default Gravatar
    MonikaOctober 26, 2018

    I need a 5000 Euro cash advance. Where do I withdraw the money? Do I use just any ATM?
    Always thought ATM withdrawals are limited?

    • finder Customer Care
      CharisseOctober 26, 2018Staff

      Hi Monika,

      Thanks for reaching out to finder.

      You can obtain cash advance/loans at any financial institution or any ATM that accepts Mastercard. The amount of money you can withdraw will depend on your cash advance limit which is shown on the folder containing your card.

      Please note that using your card to purchase foreign currency, traveler’s checks, money orders, gambling chips and lottery tickets also counts as a cash advance transaction. You will also be charged $3 for each cash advance.

      I hope this helps.

      Cheers,
      Charisse

  2. Default Gravatar
    RossOctober 13, 2018

    If my credit card is stolen, how do you handle that? Am I responsible for the unauthorized charges or do you cover that?

    • finder Customer Care
      CharisseOctober 13, 2018Staff

      Hi Ross,

      If your credit card is stolen, it’s your responsibility to call Barclaycard immediately so they can cancel your card to prevent any unauthorized or fraudulent charges on your card. They will replace your card within three to five working days.

      Barclaycard protects your card against unauthorised use through their Barclaycard secure feature. A PIN number needs to be entered to validate the transaction and it also allows the cardholder to validate transactions made over the internet in a similar way.

      In the event that your stolen Barclaycard was still used for unauthorized/fraudulent purchases even with the Barclaycard secure in place, they will conduct an investigation and you can be refunded for any fraud carried out on your account.

      I hope this helps.

      Cheers,
      Charisse

  3. Default Gravatar
    AnnSeptember 10, 2018

    Could you clarify the APR on balance transfer – I see 13.74% and also 10.49%. What is current?
    Also promo info on Ring card says no balance transfer fee, but is then listed as 3%.
    Where is your customer service based? Im looking for English as first language representatives.
    Thank you.

    • finder Customer Care
      AshSeptember 11, 2018Staff

      Hello Ann,

      Thank you for contacting finder.

      The current Balance Transfer Interest Rate for the Barclaycard Ring™ Mastercard is 13.74% (Standard). There is an introductory offer which is 0% Balance Transfer Interest Rate for the first 12 billing cycle then will revert back to the standard rate. There will also be no Annual Fee, Foreign Conversion Fee and Balance Transfer Fee.

      I hope this clarifies the features and offer of the Barclaycard Ring™ Mastercard. Please do not hesitate to reach out again to us if you have additional question/s.

      Cheers,
      Ash

  4. Default Gravatar
    KarinaApril 25, 2018

    I need to do balance transfer

    • finder Customer Care
      JeniApril 26, 2018Staff

      Hi Karina,

      Thank you for getting in touch with finder.

      If you do a balance transfer with this card, the balance transfer rate is 10.49% variable. I also suggest that you call them directly to assist you on processing your balance transger request.

      Now, to save you from paying interest from doing a balance transfer, please see this link to compare your options. This page has various credit card issuers that offer 0% balance transfer for a few months.

      I hope this helps.

      Have a great day!

      Cheers,
      Jeni

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