Looking for a credit card that won’t cost you in fees or high interest rates? The Barclaycard Ring MasterCard might be the ideal solution.
It’s a wise choice for users who want to make the most of a credit card, but don’t want to pay for the ability to access a card’s helpful features.
Read on to find out more about the Barclaycard Ring card, including the most unique aspect that cardholders can enjoy: the community that comes with it.
Barclaycard Ring MasterCard review
The benefits and features of the Barclaycard Ring
The Barclaycard Ring MasterCard is a credit card issued by Barclays Bank.
Cardholders can receive a 0% introductory APR for the first 15 months. As of the writing of this article, they were also offering a 0% introductory APR for 15 months on balance transfers made within 45 days of account opening. After that, a variable APR will apply — check the link above to find the latest interest rate.
Though you should always aim to pay off your credit card balance every month, securing a low APR can be helpful during those time that you can’t afford to do so. If you must carry a balance, a lower APR can save you money on interest compared to other cards.
What’s more, this card doesn’t charge you a fee for transferring balances or using it for foreign transactions. There’s no annual fee, either. Users can also track their credit score with a free copy of your FICO score with every statement.
Added bonus: the card community
Fewer fees and a low APR are excellent benefits for cardholders, but the community and crowdsourced nature of the Barclaycard Ring MasterCard make it really stand out.
When you get approval for a Barclaycard Ring credit card, you also gain access to a community of fellow users. From the community, you can vote on new product features or make suggestions for additional benefits.
You can also interact with other Barclaycard Ring cardholders by starting and joining in on discussions in the forums. You can ask questions, provide answers, or give feedback to other members.
Conversations are grouped by topic and focus on Card Basics, Community, Track Talk, and Financial Health. If you need more educational resources, you can also check out the community’s blog.
Barclays also offers you transparency on how they’re doing within the Ring community. The company shares a review that includes estimated profits and losses.
Profits matter to the group because Barclays also gives members access to their Giveback program, where they share the Barclaycard Ring MasterCard’s estimated profits. Your account activity and new customer referrals determine the size of your share.
Once you earn your percentage of the card’s profits, you can then choose what to do with those funds. Donate your portion to a charity, keep the money, or choose to split the amount evenly between the two options.
Using the Barclaycard Ring online platform
Once you apply for and receive a Barclaycard Ring MasterCard, you can set up your online account.
Log in online to manage your card, make payments, and access your community features. You can also find useful tools, such as your free FICO score, under “Rewards and Benefits.”
Don’t forget to utilize Barclaycard’s “Help” feature, located at the upper righthand corner of the account dashboard. Search for answers to your questions — although with the Barclaycard Ring, you can also turn to the discussions within the community if you get stuck.
Barclaycard also offers a mobile app for Android and iOS. Use the app to help you manage your spending and account after you get your online access setup via tablet, laptop, or desktop computer.
The fine print for the Barclaycard Ring MasterCard
Here are the numbers and facts to know before you apply for this Barclaycard credit card:
- 0% Introductory APR for the first 15 months on purchases. Plus, you’ll get a 0% introductory APR for 15 months on balance transfers made within 45 days of account opening. After that, a variable APR will apply, 13.49%.
- No annual fee.
- No foreign transaction fees.
- No balance transfer fees.
- $3 fee for each cash advance.
- Up to $27 fee for late or returned payments.
- Your statement due date is at least 23 days after the close of each billing cycle.
Cardholders also enjoy benefits like:
- Free online access to FICO scores.
- Community where cardmembers can vote on card features, start discussions, post blogs, ask questions, and propose new ideas.
- The Giveback program, which offers rewards depending on your account activity.
It’s important to know a few specific details about the Giveback program itself:
- Profits are not based on the actual, realized profits of the program — they’re calculated using estimated profits (but the formula used is available for community members to see online).
- Your account must be in good standing to receive any rewards.
- If you donate to charity through the program, your donations are not eligible for individual tax refunds.
- The program and features are offered at the discretion of Barclaycard and they can discontinue the program at any time.
What do you need to qualify for the Barclaycard Ring credit card?
The Barclaycard Ring MasterCard is a noteworthy credit card that offers low fees, small interest rates, and unique features. Because of those perks, it’s not always easy to qualify for.
You’ll need a good to excellent credit score in order to qualify for this credit card. A good credit score falls in the 700 to 749 range on the FICO scale, and an excellent score is anything over 750.
More about Barclaycard U.S.
Barclaycard U.S., part of Barclays Retail and Business Banking, is headquartered in Wilmington, Delaware.
Barclaycard is an international financial institution, serving markets in the United States and abroad. It introduced the first payment card to Great Britain in the 1960s and is the leading issuer of credit cards in the U.K. today.
Barclaycard initially acquired the U.S.-based credit card company Juniper Financial Corporation in 2004 — but Barclays itself traces its history back to 1690s England.
John Freame and Thomas Gould based their gold trading business on Lombard Street in London in that decade. In 1736, Freame’s son-in-law James Barclay became a partner in the bank and renamed it Freame and Barclay.
Barclaycard’s mission today includes helping people “achieve their ambitions — in the right way.”
Important contacts for Barclaycard Ring MasterCard cardholders
For general questions and information, call customer service at 877-523-0478. For questions about your account, call the number on the back of your card. Their customer service operates 24 hours a day, seven days a week.
You can also send secure messages from within your account if you prefer to communicate via email. Log in and select “Contact Us” from your online portal. To view your messages, click on the “New Messages” link.
You can also reach the company through regular mail. Send general correspondence to:
PO Box 8801
Wilmington, DE 19899-8801
To make a credit card payment by mail, send it to:
P.O. Box 13337
Philadelphia, PA 19101-3337
If you need to overnight your payment, use this address (and specific labels and envelopes from UPS, FedEx, or the U.S. Postal Service):
Remitco Card Services
Lock Box 913337
2080 Cabot Boulevard West
Langhorne, PA 19047
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1 Important Disclosures for SoFi.
2 Important Disclosures for Earnest.
To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.
Earnest fixed rate loan rates range from 3.89% APR (with Auto Pay) to 7.89% APR (with Auto Pay). Variable rate loan rates range from 2.54% APR (with Auto Pay) to 7.27% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of March 18, 2019, and are subject to change based on market conditions and borrower eligibility.
Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.
The information provided on this page is updated as of 0318/2019. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at email@example.com, or call 888-601-2801 for more information on ourstudent loan refinance product.
© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.
3 Important Disclosures for Laurel Road.
Laurel Road Disclosures
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the fixed rate will decrease by 0.25%, and will increase back up to the regular fixed interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
However, if the borrower chooses to make monthly payments automatically by electronic funds transfer (EFT) from a bank account, the variable rate will decrease by 0.25%, and will increase back up to the regular variable interest rate described in the preceding paragraph if the borrower stops making (or we stop accepting) monthly payments automatically by EFT from the designated borrower’s bank account.
4 Important Disclosures for LendKey.
Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.
5 Important Disclosures for CommonBond.
Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown.
All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 2.5% effective February 10, 2019.
6 Important Disclosures for Citizens Bank.
Citizens Bank Disclosures
|2.54% – 7.12%3||Undergrad & Graduate|
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|2.69% – 7.43%5||Undergrad & Graduate|
|2.98% – 9.72%6||Undergrad & Graduate|