A platinum credit card that doesn’t charge annual fees or foreign transaction fees
The Barclaycard Ring® Mastercard® charges the same low rate on purchases, cash advances and balance transfers. Cardholders won’t pay ongoing annual fees or even foreign transaction fees when you use your card overseas.
Through the Giveback program, a profit sharing feature, cardholders stand to receive rewards from time to time.
|Product Name||Barclaycard Ring® Mastercard®|
|APR (Annual Percentage Rate) for Purchases||13.99% variable|
|Introductory Balance Transfer APR||0% for the first 15 months (then to 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|
|Rates & Fees||Rates & Fees|
|Minimum Age||18 years of age|
Barclaycard Ring® Mastercard® Review
If you’re looking for a no-frills low rate card, this Barclaycard is worth considering. It charges a low ongoing APR that applies on all transactions, including balance transfers. And you won’t pay ongoing annual fees, which can lead to further savings.
If you travel overseas, this card also offers no foreign transaction fees. Also, you can avoid interest on purchases by paying your account’s closing balance in full each month.
Getting the Barclaycard Ring® Mastercard® comes with multiple benefits. Here’s what you can look forward to as a cardholder:
- No annual fee.
Reap the rewards without paying a fee each year.
- Low APR.
This platinum credit card charges a variable APR of 13.99%, which applies to purchases, balance transfers and cash advances alike. This low APR can lead to noticeable savings in the long run.
- No-fee balance transfers when posted after the first 45 days days of card membership.
If you’re paying higher interest on outstanding balances with other cards, consider transferring those balances. Any transfers that post 45 days after your account opening come with no fee, which is almost unheard of for similar cards.
Keep in mind that if you want to take advantage of the card’s intro APR on balance transfers, your transfer will need to post within 45 days. This means that you’ll have to pay a balance transfer fee of $5 or 2% of the transaction, whichever is greater.
- No foreign transaction fees.
Using this card when you’re traveling overseas or when you shop through international websites can lead to savings. This is simply because you don’t have to pay any foreign transaction fees.
- Free FICO Credit Score.
Monitor your score at any time online for free. And sign up for alerts to learn when your score changes.
The nuts and bolts
In terms of features, here’s what you can expect from the Barclaycard Ring® Mastercard®:
- Annual fee.
This Mastercard credit card does not charge an ongoing annual fee.
- Foreign transaction fees.
You won’t pay transaction fees when you use this platinum card overseas. However, you may pay ATM fees and currency conversion fees.
- Interest-free days.
The due date of your account is at least 23 days after each billing cycle’s end. If you pay your closing balance in full by the due date, you can avoid paying interest on your purchases.
- Cash advance fee.
You will be charged $3. Withdrawing money from ATMs counts as cash advances, and so do instances of using your card to purchase foreign currency, traveler’s checks, money orders, gambling chips and lottery tickets.
- Late and returned payment fees.
You may have to pay up to $27 for late and returned payments depending on where you live.
- Giveback program.
This profit-sharing initiative helps cardholders earn periodic rewards, and an online program doesn’t require you to log in to collect them.
- Vote on features.
All cardholders are part of the Barclaycard Ring community, where you can vote on features you’d like to see in the future.
- Card security.
An embedded microchip offers more protection against fraud here and abroad when compared with cards that rely on magnetic strips only.
How to apply for the Barclaycard Ring® Mastercard®
Always consider your options and your financial situation before you apply for a credit card.
Applying for this card is easy. But before you do, make sure you meet the following eligibility criteria.
- You’re at least 18 years old.
- You’re a US citizen or permanent resident.
- You have an excellent credit rating.
- You aren’t a resident of Iowa.
Completing the application successfully requires you to provide different information that includes:
- 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.
Considering the Barclaycard Ring® Mastercard® could be a good idea if you aren’t looking for too many features but want a low APR. But this isn’t the only card of its kind, so compare a few additional options before deciding.Back to top
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, please get in touch with us.