Barclaycard Ring Mastercard review October 2018 | finder.com

Review: Barclaycard Ring® Mastercard® – October 2018

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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 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 months (then to 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
Rates & FeesRates & Fees
Minimum Age18 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.

The perks

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.

Compare Barclaycard credit cards

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.
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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.

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.

Bottom line

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.

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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, please get in touch with us.

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6 Responses

  1. 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

  2. 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

  3. 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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