Barclaycard CashForward World Mastercard

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An OK choice for cash-back rewards.

This card offer is currently unavailable on Bankrate. To see more cards in this category, please visit our 0% apr category page.

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Editor’s note: This offer is no longer available. View other Barclaycard offers.

The Barclaycard CashForward World Mastercard is, in in the short-term, a perfectly fine rewards credit card to own. It offers a pretty nice bonus for a card with no annual fee, and a cash-back rate that’s become the standard for most quality cash-back cards.

Review

You’ll earn an unlimited 1.5% cash rewards on every purchase. The rewards rate is made a bit more attractive by a 5% bonus every time you redeem your rewards. You can collect that bonus on your next redemption.

Cardholders also can earn $200 when they spend $1,000 during the first 90 days of card ownership. This is also a fairly standard bonus for a no-fee cash-back card.

Big spenders and those who plan on having a cash-back card long-term may be better off with a card that gives a flat 2% or higher rate.

The minimum redemption amount of $50 could be frustrating to for those who want to be able to redeem their rewards at any amount.

Ultimately, another negative mark against this card is the 3% foreign transaction fee you’ll be charged for purchases made outside the U.S. We found this fee particularly ironic given this credit card’s name.

Who should get this card

This card is good for anyone who favors a simple rewards program structure that pays a flat rate for all purchases. Look elsewhere if you’re a heavy spending in a particular category, like groceries or restaurants.

There’s also a nice 0% introductory APR for 15 months on purchases and each balance transfer made within 45 days of account opening. After that, a variable APR of 15.99%, 20.99% or 23.99% will apply based on creditworthiness.

Advantages
  • Earn unlimited 1.5% cash rewards on all purchases.
  • Every time you redeem your rewards, get a 5% bonus toward your next redemption.
  • The card includes an extended 0% introductory APR for purchases and balance transfers.
Disadvantages
  • There’s a balance transfer fee which could eat into the savings of transferring debt to this card.
  • Even though this card comes with World Mastercard benefits, it’s not good for international travel due to the foreign transaction fee.
  • There are other cards that pay higher cash-back rewards.

Fees and APR

  • This card charges no annual fee.
  • You’ll pay a 3% foreign transaction fee on all purchases made outside the United States.
  • After the 0% intro offer expires, you’ll pay a variable 15.99%, 20.99% or 23.99% APR on purchases and balance transfers based on your creditworthiness.

Extras, perks and using rewards

Redeeming cash must be done in increments of $50 and can be deposited into a checking or savings account, as a statement credit on your Barclay card, or used toward a gift card at a participating merchant.

This card comes with World Mastercard benefits, which include hotel and travel perks and protections.

How this card compares

Capital One® Quicksilver® Card – 0% Intro APR for 15 Months
  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 14.74%-24.74% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 14.74%-24.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • Pay no annual fee or foreign transaction fees
Credit Needed

Excellent, Good

Regular APR

14.74% - 24.74% (Variable)

Annual Fee

$0

Purchase Intro APR

0% intro on purchases for 15 months

Balance Transfers Intro APR

0% intro on balance transfers for 15 months

The Capital One Quicksilver Cash Rewards Credit Card is simple. And that’s a good thing.

The card’s rewards program is structured so you don’t have to think about whether this is the month that gas station spending pays more or that it’s time to take advantage of warehouse club spending. There’s also no annual fee, so you don’t have to do the math about how much you’ll have to spend to make the card worth it.

Citi® Double Cash Card
  • Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
  • Balance Transfers do not earn cash back
  • 0% Intro APR on Balance Transfers for 18 months. After that, the variable APR will be 15.49% - 25.49% based on your creditworthiness*
  • Click 'Apply Now' to see the applicable balance transfer fee and how making a balance transfer impacts interest on purchases
  • No categories to track, no caps on cash back, no annual fee*
Credit Needed

Excellent/Good

Regular APR

15.49% - 25.49%* (Variable)

Annual Fee

$0*

Purchase Intro APR

N/A

Balance Transfers Intro APR

0% for 18 months*

When it comes to rewards value, the Citi Double Cash Card ranks among the very best cash-back credit cards that charge no annual fee.

So why, you might ask, does this card not receive a higher score from Bankrate? There are a couple reasons, but the main thing dragging this card down is this: Because Citi Double Cash offers no sign-up bonus, it struggles to compete with many cards in this category.

Chase Freedom Unlimited®
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.99-25.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • Unlimited 1.5% cash back on every purchase - it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • Free credit score, updated weekly with Credit Journey℠
  • No annual fee
Credit Needed

Excellent/Good

Regular APR

16.99% - 25.74% Variable

Annual Fee

$0

Purchase Intro APR

0% Intro APR on Purchases for 15 months

Balance Transfers Intro APR

0% Intro APR on Balance Transfers for 15 months

Chase Freedom Unlimited is a solid, straightforward cash-back rewards card that’s ideal for cardholders who just don’t have the time or energy to track spending categories. It ranks among the very best cash-back credit cards we track.

There are other cards that offer better rewards, but the Chase Freedom Unlimited’s 1.5% cash-back on everything is an excellent reward coming from a no-annual-fee credit card.

If you also hold a premium travel rewards card from Chase like the Sapphire Preferred or Sapphire Reserve, you can transfer your rewards from the Freedom Unlimited to one of the premium cards to redeem for travel at an increased value.

EDITORIAL NOTE

Opinions expressed here are author's alone, not those of any bank, credit card issuer, airlines, or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.