Barclaycard CashForward World MasterCard Review

Barclaycard CashForward World MasterCard

(Update: As of Dec. 2017, the Barclaycard CashForward World MasterCard is no longer available. You can find other credit card options here and here.)

If you’re in the market for a new rewards credit card that offers cash back, there are a ton of options to choose from. Getting approved for a cash back rewards credit card can offer a return on your everyday spending and put money back in your pocket.

One option to consider is the Barclaycard CashForward™ World MasterCard®. Read our review on the Barclaycard CashForward World MasterCard rewards credit card and decide if it’s right for you.

Barclaycard CashForward World MasterCard credit card review

The Barclaycard CashForward World MasterCard offers 1.5% cash back on every purchase you make, without any limits. There is no annual fee for the card, which is good news for consumers looking to get money back without paying extra fees. The credit card is chip-based, which offers additional security and protection, reducing the instances of fraud.

For consumers who spend $1,000 within the first 90 days of their account opening, a $200 cash rewards bonus is available. The cash rewards are valid so long as your account is currently in use and up-to-date with payments.

When you want to redeem the cash rewards, you receive a 5% rewards redemption bonus, which can be used for future cash rewards redemptions. In order to redeem your rewards, your redemption amount must be $50 or more.

You can redeem the cash rewards in a number of ways: as a deposit in your bank account, a credit towards your current balance or gift cards available in their portal. One perk is that there is no limit to how many rewards you can accrue using this card.

On top of the cash back, credit card holders can access their free FICO credit score and receive alerts regarding any changes. Credit card holders also have additional protections with $0 Fraud Liability. In other words, if there are unauthorized transactions on your credit card, you will not be responsible for the charges if you report them.

Barclaycard mobile app

The Barclaycard CashForward World MasterCard credit card has a mobile app that makes it convenient to access your account any time. Using the mobile app, you can see your balances, make a payment, set up alerts and more. It is available in the Apple store as well as the Google Play store. The customer reviews for the app on Google Play are positive, with an average of 4.2 stars out of 5.

The mobile app has a “purchase planner” function; users can see an estimate of their monthly payment amount as well as pay-off date. You can also set up travel alerts using the app while you’re on-the-go.

Barclaycard CashForward World MasterCard interest rates

When you’re on the hunt for a new credit card, it’s important to understand all of the interest rates and fees. When used responsibly, credit cards can be a great way to build credit effectively and maximize rewards. However, if you carry a balance on your credit cards or miss a payment the interest rates on your credit card and the fees associated with it become really important.

As part of an introductory promotion for the Barclaycard CashForward World MasterCard, the annual percentage rate (APR) during the first 15 months is 0% for balance transfers within 45 days of opening an account with the credit card issuer. Your APR after the introductory period will vary based on your creditworthiness. If you have good credit, you’ll likely score a lower interest rate. If your credit score is on the lower end, it’s safe to assume your APR will be higher.

Based on your credit, your variable APR on everyday purchases could be:

  • 15.24%
  • 20.24%
  • 25.24%

If you take out a cash advance, your variable APR will be 25.74%.

Barclaycard CashForward World MasterCard fees

If you use the card for a balance transfer, there is a fee of 3% of the transfer amount. Balance transfers are useful for those with credit card debt looking to obtain a lower interest rate and pay off debt. While balance transfers can be useful, it only helps if you take advantage of the promotional period and aggressively pay off debt at a lower interest rate. In other words, a balance transfer won’t help if you end up taking on more debt.

If you take out a cash advance using the credit card, there will be a fee of 5% of the cash advance amount.

For travelers who often travel abroad, it’s important to note this credit card does have foreign transaction fees of 3%.

Lastly, if you make a late payment or have a returned payment there will be a fee of $37.

Eligibility requirements

In order to qualify for the Barclaycard CashForward World MasterCard credit card, you must be at least 18 years old and a U.S. resident. However, Iowa residents and residents from other U.S. territories such as Puerto Rico are ineligible for the offer.

You must have sufficient income and credit to be eligible for the card. Though there are not exact numbers listed on their website, “good credit” is typically defined as having a credit score of 700 or above. In regards to income, credit card issuers want to know that your income can support your monthly payments, and that you can handle the available credit offered to you.

Barclaycard customer service

Customer service can make all the difference when you’re dealing with a dispute, error or problem with your credit card. Barclaycard CashForward World MasterCard credit card holders positively rate the customer service for the card. One thing that helps is that their customer service team is available 24 hours per day, every day, so you can reach someone around the clock if you have questions or concerns. They also have 24/7 MasterCard travel assistance services available.

More about Barclaycard

Fun fact: Barclaycard, the issuers behind the Barclaycard CashForward World MasterCard credit card, has been around since 1966. As they say, they are “50 years young” and currently serve 30 million customers worldwide. The company is known for introducing the very first credit card made available in the U.K.

Barclaycard CashForward World MasterCard contact information

Barclaycard CashForward World MasterCard card holders have a variety of options to get in touch with customer service representatives should any issues arise.

The customer service team is available 24 hours per day, 7 days a week so you can always reach someone.

For general information:
(866) 928-8598

Fax number:
(866) 823-8178

Current credit card holders that want to check on their account information can call:
1-877-523-0478

Twitter:
@AskBCUS

If you have any complaints, you can call 1-866-225-9725. You may also send something via standard mail to:

Card Services
P.O. Box 8801
Wilmington, DE 19899-8801

Barclaycard CashForward World MasterCard overview

If you’re thinking of applying for the Barclaycard CashForward World MasterCard credit card, consider these pros and cons:

Pros

  • Unlimited cash back
  • No annual fee
  • No expiration on rewards
  • Eligible for certain bonuses
  • Can access free FICO credit score
  • Fraud protection
  • Customer service around the clock

Cons

  • Has foreign transaction fees
  • Must earn $50 in order to redeem rewards
  • High APR after promotional period
  • Cannot be used for other rewards, such as travel

This card is a good option if you’re looking exclusively for cash back rewards and will not carry a balance. If you can pay off your balance within the 15-month promotional period, it could potentially be a good card to use for a balance transfer. If you travel a lot, the foreign transaction fees could add up. Before applying, weigh the pros and cons and decide if it’s a good fit for your financial situation.

Remember that applying for a card will typically require a hard pull on your credit, which could affect your credit score, and your credit limit and approval will all depend on your creditworthiness.

Interested in a personal loan?

Here are the top personal loan lenders of 2018!
LenderRates (APR)Loan Amount 
1 Includes AutoPay discount. Important Disclosures for SoFi.

SoFi Disclosures

  1. Terms and Conditions Apply: SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Finance Lender Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
  2. Personal Loans: Fixed rates from 5.49% APR to 14.24% APR (with AutoPay). Variable rates from 5.29% APR to 11.44% APR (with AutoPay). SoFi rate ranges are current as of December 1, 2017 and are subject to change without notice. Not all rates and amounts available in all states. See Personal Loan eligibility details. Not all applicants qualify for the lowest rate. If approved for a loan, to qualify for the lowest rate, you must have a responsible financial history and meet other conditions. Your actual rate will be within the range of rates listed above and will depend on a variety of factors, including evaluation of your credit worthiness, years of professional experience, income and other factors. Interest rates on variable rate loans are capped at 14.95%. Lowest variable rate of 5.29% APR assumes current 1-month LIBOR rate of 1.34% plus 4.20% margin minus 0.25% AutoPay discount. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.

2 Important Disclosures for Citizens Bank.

Citizens Bank Disclosures

  1. Personal Loan Rate Disclosure: Fixed interest rates range from 5.99% – 16.24% (5.99% – 16.24% APR) based on applicable terms and presence of a co-applicant. Lowest rates shown are for eligible applicants, require a 3-year repayment term, and include our Loyalty and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty Discount and Automatic Payment Discount disclosures. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change.
  2. Loyalty Discount: The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower has a qualifying account in existence with us at the time the borrower has submitted a completed application authorizing us to review their credit request for the loan. The following are qualifying accounts: any checking account, savings account, money market account, certificate of deposit, automobile loan, home equity loan, home equity line of credit, mortgage, credit card account, student loans or other personal loans owned by Citizens Bank, N.A. Please note, our checking and savings account options are only available in the following states: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI and VT. This discount will be reflected in the interest rate and Annual Percentage Rate (APR) disclosed in the Truth-In-Lending Disclosure that will be provided to the borrower once the loan is approved. Limit of one Loyalty Discount per loan, and discount will not be applied to prior loans. The Loyalty Discount will remain in effect for the life of the loan.
  3. Automatic Payment Benefit: Borrowers will be eligible to receive a 0.25 percentage point interest rate reduction on their Citizens Bank Personal Loan during such time as payments are required to be made and our loan servicer is authorized to automatically deduct payments each month from any bank account the borrower designates. If our loan servicer is unable to successfully withdraw the automatic deductions from the designated account two or more times within any 12-month period, the borrower will no longer be eligible for this discount.
7.39% - 29.99%$1,000 - $50,000Visit Upstart
5.29% - 14.24%1$5,000 - $100,000Visit SoFi
8.00% - 25.00%$5,000 - $35,000Visit Payoff
5.99% - 16.24%2$5,000 - $50,000Visit Citizens
5.99% - 35.89%$1,000 - $40,000Visit LendingClub
5.25% - 14.24%$2,000 - $50,000Visit Earnest
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Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print, understand what you are buying, and consult a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time. Please do your homework and let us know if you have any questions or concerns.