The Barclaycard Ring™ Platinum MasterCard® is the most cost-effective balance transfer solution for those struggling to pay off their high interest debt. You may qualify for this card with an excellent credit score.
Best way to use the card
Barclays Bank Delaware opens up a golden balance transfer opportunity within its promotional offer period. It allows you to transfer a balance without charging any interest for the first 15 months and any balance transfer fee ever. To benefit from this offer, you should transfer a balance within 45 days of account opening. This credit card offer may save you a lot while you are repaying your debt.
Beyond the introductory 15-month period, APR on balance transfers is 13.99%. And this is one of the lowest interest rates available on the market. Another perk is that Barclays Bank Delaware charges no balance transfer fee even after the end of the offer period.
To qualify for this card, you should have an excellent credit score. And your income should be sufficient to fulfil your new credit card obligations.
Please note that like other promotional offers, this one is available rather to new cardmembers.
Costs and rewards
The card has no annual fee, no foreign transaction fee, and it charges only $3 for cash advances. APRs on all types of transactions are equal to 13.99% which is considered lower than average on the credit card market.
Additionally, all Barclays Bank Delaware cardmembers participate in its Giveback program. This is a profit sharing feature, and it is available only to those who have their accounts in a good standing. The program allows to donate your Giveback™ to a charity.
The bottom lineThis card is ideal for balance transfers. No annual fee, no balance transfer fee, and a 0% introductory APR. Think yourself lucky if you qualify for this card, since you may reduce cost of your debt to zero for another 15 months.
If you are looking for an opportunity to get rid of a high-interest credit card debt, the Barclaycard Ring™ Platinum MasterCard® is definitely a valuable finding.