Barclaycard Ring MasterCard Review: 0% APR for 15 Months

My Money Blog has partnered with CardRatings and Credit-Land for selected credit cards and may receive a commission. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned.

This offer is currently not available.

BarclayCard Ring MasterCardThe Barclaycard Ring™ Mastercard® has been updated with a 0% Intro APR offer and a low, variable APR on purchases and cash advances. Here are the highlights:

  • Enjoy a 0% intro APR for 15 months on balance transfers made within 45 days of account opening. After that, a variable 14.24% APR will apply
  • Low 14.24% variable APR on purchases and cash advances
  • NEW – Control Your Card – Instantly secure your accounts by locking your cards with Barclays SecurHold™, plus set transaction limits and block certain purchase categories for you or your authorized users. Available only on the Barclays mobile app.
  • No annual fee
  • No foreign transaction fees
  • International Chip and PIN

Balance transfer fee details. Promotional Balance Transfers that post to your account within 45 days of account opening: Either $5 or 2% of the amount of each transfer, whichever is greater. For Balance Transfers that post to your account at a non-promotional APR after 45 days of account opening: $0.

Balance transfer to checking bank account. This posting on the their Ring Community page suggests that you can even perform a balance transfer directly to your checking account:

Online ACH Transfers. You can use the available credit on your Barclaycard Ring account to complete a Balance Transfer to your checking account online. We carefully monitor fraud and credit risk, therefore this ACH transfer capability may not be available to all cardmembers. Also, you can only complete one ACH transfer within a 30 day period.

Free FICO Score details. The free FICO score is based on your your TransUnion credit report, and updates every 1 to 3 months. Specifically, you will get your FICO Score 8 or FICO 08 model, which is the most widely used version of FICO. You can see how your FICO changes as you pay down your balances. Here’s a screenshot from my Barclaycard account:

b_ring_fico1

b_ring_fico2

This card does not have any cashback, points, or miles rewards program. It appears to be primarily focused on balance transfers and providing lower interest rates for those carrying a balance.

Bottom line. The Barclaycard Ring MasterCard has been updated with a 0% Intro APR offer and a low, variable APR on purchases and cash advances. There is also no balance transfer fee when done at a non-promotional APR after 45 days of account opening. This may be of interest if you are still carrying a balance elsewhere at a higher interest rate. Of course, I encourage paying off credit card balances aggressively as that is often the first step towards financial independence.

My Money Blog has partnered with CardRatings and Credit-Land for selected credit cards, and may receive a commission from card issuers. All opinions expressed are the author’s alone, and has not been provided nor approved by any of the companies mentioned. MyMoneyBlog.com is also a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Thank you for your support.



User Generated Content Disclosure: Comments and/or responses are not provided or commissioned by any advertiser. Comments and/or responses have not been reviewed, approved or otherwise endorsed by any advertiser. It is not any advertiser's responsibility to ensure all posts and/or questions are answered.

Comments

  1. Any idea how I could open the card and get money in hand to invest, then pay back before the 18 months is up….so use their money to make money?

  2. Be careful with this one, while it showed the 0% offer when I applied they actually opened the account with a fixed 8.5% APR. (Better than the non-introductory variable rate of 13.49%.)

    Then was on hold forever for them to open a case, and I won’t know what they are going to do for 7-10 days.

    • I would definitely take it up with Barclaycard. The previous APR before this 0% APR offer was rolled out was 8.5% APR, so I can only guess that you got on the old offer. If you get approved for this card now, you should get the 0% APR for 15 months as there is no language stating that you may get any alternate APR depending on creditworthiness, etc.

Speak Your Mind

*