Barclaycard Ring MasterCard Reviews - What Is It?
WARNING: DO NOT USE Barclaycard Ring MasterCard Until You Read This Review!
Is it a Scam? Does It Really Work?
Barclaycard Ring MasterCard is one of the most popular balance transfer credit cards available on the modern market. It offers its customers excellent credit conditions allowing them to transfer a balance within forty-five days of opening an account a 0% intro rate for the first fifteen months. One doesn't have to pay neither a balance-transfer fee nor an annual fee. Its regular APR is lower than what a lot of 0% cards offer. Let us take a closer look at the specifics of the Barclaycard Ring MasterCard. First, it is associated with low fees. As it was already mentioned, it does not charge an annual fee. It means that it is $16.78 per year cheaper than the average credit card. There is also no foreign-transaction fee, which will save you 1.97% on international purchases when compared to the average credit card. This card lacks a balance-transfer fee, which also distinguishes it from many other cards.
There is 0% Introductory APR for the first fifteen months on different purchases. In addition, you will get a 0% introductory APR for fifteen months on Balance Transfers made within forty-five days of opening an account. Then a variable APR will apply 13.99%. You can benefit from Chip technology, which makes paying for your purchases more convenient and secure at chip-card terminals in different countries of the world. There is free online access to FICO Credit Score. All of these benefits will allow you to avoid spending money on fees and interest while you're paying down credit card debt. Barclaycard Ring MasterCard boasts a tight-knit online community, which means that you can vote on new features. This card doesn't come with a splashy sign-up bonus but it offers a cost-effective way to pay down high-interest credit card debt.
Customer Reviews - Does Barclaycard Ring MasterCard Really Work?
You can find a great number of user reviews on the card on different websites. Most people claim that it is just great and easy to use. It is also convenient as it can be used at chip-card terminals all over the world. Let us take a look at what real users are saying about this card. One client says that when he used to have this account, he stopped paying on CCs but he paid cash. Instead of getting 1.5% he was saving 19% on what he spent. The man doesn't even know what to do with all the money. He simply left it open in case if it is needed.
Another customer writes that after getting the 7-10 day review message upon submitting the application, she checked the approval status link on the official website of Barclaycard, and it said "denied." Then the woman called their credit department and talked to an analyst who verified some information and asked some questions about an old charge-off account and income. She was then approved. Her credit scores are 655 Experian FICO, TU 694 FICO, and 673 Equifax FICO. The woman's Vantage scores here on CK are 20-30 points higher (700-710). As important with the Ring Card are balances-to-available-credit, and hers are under 5% on her accounts. The woman has opened two new accounts in the last month. Her approval odds on CK were "fair". The woman is satisfied with her Barclaycard Ring MasterCard and recommends it to everyone. It would be a wise decision to take a look at the actual testimonials of real users of the card. Here are some of them.
"I got Barclaycard Ring MasterCard when the rate was %8.00 variable (at %9.00 as of this writing). I like this card very much. I was initially approved for $7K and several months later rose to $13k. When I just received the card, my credit rating was in the 780 range. Since that time it has fallen due to the usage of my credit card. I have never had any issues with this card even though I use it frequently due to the low interest rate (for a CC). Thank you for such a beneficial card!"
"Unlike other cardowners, I got the Barclaycard Ring MasterCard when they had a low APR - only 8.0%. Now it is at 8.75%. I have never had any problems with the balance transfer like others had. It always lists normal APR for balance transfers. I am in love with this card not only because it is easy and convenient to use but also because of its low interest rate. They decreased my credit increase but it is not a problem for me. I do recommend this card to everyone."
"I applied for the Barclaycard Ring MasterCard on its official website and was approved for $12,500 in less than one minute. I was really impressed with such a fast answer. 13.49% is a little too much, but straight forward. This card was good for carrying balance when the APR was 8.25%, but now it is 13.49%. However, I am highly satisfied with the rewards offered by this card and I am really excited about the benefits provided by the card."
My Final Summary
Barclaycard Ring MasterCard offers a lot of pros. First, it is good for balance transfers. Since it has been improved, the card offers 0% rates for the first fifteen months on purchases and balances you have transferred within forty-five days of account opening. It is longer than 10 months offered by other cards with 0% on purchases. The card also differs with the absence of a balance-transfer fee. It can save you 3.04% on any balance transferred. In fact, Barclaycard Ring MasterCard is one of the few "free" balance transfer credit cards available on the modern market. The card has an average regular APR. It is a great feature for people with excellent credit. However, it is recommended to use a credit card calculator to check out whether you are debt-free by the time regular rates start acting. That is why the Barclaycard Ring MasterCard is the best option for long-term financing.
The Barclaycard Ring MasterCard has excellent-credit approval requirement rules out 60% of potential clients. This puts this card up against some stiff competition. Before applying, it is important to compare the Ring Card to other elite options and to check your credit score for free on WalletHub. Barclaycard Ring MasterCard can boast solid reputation among its owners in the country. It's always interesting to see what current and former cardholders think about a credit card. The WalletHub community's reviews on the Barclaycard Ring MasterCard are quite positive. Most users give it four or five stars. They are happy with the absence of the annual fee on purchases for fifteen months and 0% on Balance Transfers for fifteen months. The clients highly appreciate the fact that there is no foreign transaction fee too. Taking into account all advantages and disadvantages of the Barclaycard Ring MasterCard I can recommend it to using.
Barclaycard Ring MasterCard Pricing and Rates
You can apply for the Barclaycard Ring MasterCard on its official website and start enjoying its benefits really soon. In fact, you will be required to wait no more than sixty seconds for approval. There is no annual fee, but you will be required to pay some money during the year. Check up the conditions and terms on the official website.