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The Barclaycard Ring^® Mastercard^© is truly original, and carefully crafted from Barclaycard for those who rely on credit but without the high interest rates and fees. There are no captivating bonuses or enticing rewards and not even any introductory interest rates to be gained.

The Barclaycard Ring is a progressive and dynamic card and unlike any card out there. Its financial information including revenue made from payments, interest, and fees among other data are available to its community of card members who can openly suggest changes to the terms and features. The community then vote to make new suggested changes effective empowering with a say on what they want in a credit card.

Barclaycard Ring Mastercard Summary

Low APR & Minimal Fees

The Barclaycard Ring^® Mastercard^© offers a low 14.24% variable APR for purchases, balance transfers, and cash advances. There are also minimal to $0 fees on most features. It can help those who depend on credit save money especially if balances are consistently carried.

Low Interest Rates – Enjoy a low 14.24% variable APR on purchases, balance transfers and cash advances.

No Balance Transfer Fees – With no balance transfer fee, transferring smaller balances can be favorable if only a month or two is needed to pay in full. However, for larger balances, there are many other options with competitive promotional rates and periods that may be more cost effective.

No Foreign Transaction Fees – One of the more recent changes is its $0 foreign transaction fee. With no foreign transaction fee, purchases made outside the U.S. will not incur an additional fee, a savings of 2% to 3% for each transaction.

No Annual Fee – There is no annual fee with the Barclaycard Ring. Without a sign up bonus or any major rewards, it’s fitting that there isn’t a fee that’s added each year just for being a member.

$3 Cash Advance Fee – On occasion, you need the flexibility of cash and resort to a cash advance from your credit card. Cash advances from credit cards are costly as they typically charge a cash advance fee of the greater of $10 or 5% for each transaction. However, what’s more expensive are interest rates for cash advances which generally start at 23% or more. The Barclaycard Ring’s $3 cash advance fee for each transaction may be the lowest of any credit card available. For those who often need the cash, this card may be your best option.

Community Rewards

The Barclaycard Ring^® MasterCard^© is a credit card built essentially from its member’s feedback. The Barclaycard Ring Community is comprised of card members who collaborate and communicate online and can interact directly to Barclaycard Ring product managers and to each other as a team. Ideas on feature and benefit changes are suggested and then voted on. The intention is to establish long-term relationships where Barclaycard profits from providing fair credit assistance to its card members who will then receive a portion of that profit as a reward.

Giveback Program – With the Giveback Program, 20% of returns less expenses is collected into a pool to reward back its card members every six months if the spending requirement is met. Members can choose to keep their individual rewards as cash back or donate to charity.

A Modern, Democratic Approach to Credit

The Barclaycard Ring^® MasterCard^© gives value to its community of cardmembers simply by listening to what they want in a credit card which is low ongoing interest rates and minimal fees. For many of us that depend on credit, this card allows you to do so with dignity and confidence that you won’t be taken advantage of. It’s a modern, democratic approach to credit where card members team up with Barclaycard to save money and earn back rewards from the card’s profits. Review our complete list of credit card bonus promotions.

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