Barclaycard Ring® Mastercard®

Becca Jackowitz  in  Low Interest Advertising Disclosure
Barclays Image

Recommended Credit Score

Good to Excellent (670 - 850)

A FICO score/credit score is used to represent the creditworthiness of a person and may be one indicator to the credit type you are eligible for. However, credit score alone does not guarantee or imply approval for any financial product.

Apply Now On Barclays's secure website

Best for low APR and minimal fees

Annual Fee:
Purchase Intro APR:
Balance Transfer Intro APR:
See Terms
Regular APR:
14.24% Variable
Terms and Restrictions Apply | Rates and Fees
Bankrate Score: 81 out of 100

Commonly used for: Balance Transfer, Excellent Credit, Low Interest, No Annual Fee, No Foreign Transaction Fees.

The Barclaycard Ring Mastercard recently updated its balance transfer offer, making it an unattractive choice compared to other balance transfer cards in the market.

This card advertises 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. However, you will be charged $5 or 2% of the transferred balance. On the other hand, if you make a balance transfer beyond 45 days of opening an account, you won’t have to pay a balance transfer fee, but your APR will be a variable 14.24%. What this boils down to is that you are either going to be paying a balance transfer fee, or you will be charged the regular APR on your balance transfer. It’s a lose-lose situation, and you would be better off with a card that has a stronger introductory balance transfer offer.


As a balance transfer card, the Barclaycard Ring Mastercard falls short compared to the competition. The card is able to redeem some of its value as a low-interest card, but there are plenty of better options on the market for consumers looking to decrease their debt payments.

It’s one stab at a reward effort is its Giveback program, which was designed to share some card profits with cardholders. Unlike traditional rewards programs, there are no guaranteed rewards, and Barclay’s says it may discontinue the program at any time. You may also designate any Giveback rewards to charity.

We do like that this card preaches transparency and that cardholders are both alerted to upcoming changes and are offered an opportunity to vote on certain card features.

Who should get this card

With a lackluster balance transfer offer, this card is best suited for consumers with good to excellent credit scores that are looking for a long-term low-interest credit card.

  • This card has a lower-than-average regular APR on purchases and balance transfers.
  • There’s no annual fee and no foreign transaction fees.
  • There’s no opportunity to earn traditional rewards with this card.
  • If you transfer a balance within the first 45 days of opening the card, you will be charged a 2% or $5 balance transfer fee, whichever is greater.
  • 45 days after opening your account, you can transfer a balance with no fee, but you will not be eligible for the introductory APR offer on balance transfers.

Fees and APR

  • You’ll pay no annual fee with the Barclaycard Ring Mastercard.
  • You will be charged either $5 or 2% of the amount of each transfer, whichever is greater on balance transfers that post to your account within 45 days of account opening.
  • There are no foreign transaction fees for purchases made outside of the U.S.
  • The card includes a variable 14.24% APR for purchases and balance transfers.
  • See Rates and Fees

Extras and perks

The Barclaycard Ring Mastercard touts itself as a “community-minded” credit card and has a dedicated website featuring tips and tools for money management as well as a place to start a discussion or submit an idea. The card also has a profit-sharing feature that gives an opportunity to either get a statement credit, donate your earnings to charity, or a combination of both. Keep in mind that, according to the fine print, any payouts are at the discretion of Barclay’s and it’s not a guarantee that any payouts will actually occur.

How this card compares

There are other credit cards on the market offering 18- and 21-month 0% APRs offers on balance transfers, as well as cards that don’t charge a balance transfer fee. We recommend looking into some of those other options before applying for this card.

Citi Simplicity® Card
  • The only card with No Late Fees, No Penalty Rate, and No Annual Fee... Ever
  • 0% Intro APR on balance transfers for 21 months from date of first transfer. All transfers must be completed in first 4 months. After that, the variable APR will be 16.24% - 26.24%, based on your creditworthiness
  • 0% Intro APR on purchases for 12 months from date of account opening. After that, the variable APR will be 16.24% - 26.24%, based on your creditworthiness
  • If you transfer a balance with this offer, after your 0% Intro purchase APR expires, both new purchases and unpaid purchase balances will automatically accrue interest until all balances, including your transferred balances, are paid in full
  • There is a balance transfer fee of either $5 or 5% of the amount of each transfer, whichever is greater
  • The same great rate for all balances, after the introductory period
  • Save time when you call with fast, personal help, 24 hours a day — just say "representative"
  • Enjoy the convenience of setting up your own bill payment schedule on any available due date throughout the month
Apply Now On Citi's secure website
Credit Needed

Excellent, Good

Regular APR

16.24% - 26.24%* (Variable)

Annual Fee


Purchase Intro APR

0%* 12 months on Purchases* for 12 months

Balance Transfers Intro APR

0%* 21 months on Balance Transfers* until 01/2019

If you have a great deal of credit card debt, you have a choice to make when it comes to balance transfer credit cards: Pick the one that on the surface offers the cheapest way to get out of debt or pick the one that gives you a long 0% APR introductory period.