Barclaycard CashForward World Mastercard
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.
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.
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
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.
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 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.