» Barclaycard Rewards MasterCard – Good Credit Review
With the Barclaycard Rewards MasterCard, it is clear that Barclaycard are aiming for a wide audience. The rewards and terms available this card are aimed at those with good credit ratings (people with scores in the high 600’s and above), but people with scores less than this have also been successful in applying. As long as your credit score is respectable, you can gain access to a credit card with a company that is known to provide some of the best rewards programs around, and this card does not disappoint in that regard.
Credit Card Overview
The Barclaycard Rewards MasterCard offers almost everything you can possibly get for a non-niche, non-affinity credit card, and with a good credit score there you will be able to secure an APR of 24.99% or perhaps 17.99%, which are reasonable rates for a major rewards credit card from a major issuer. The majority of people who own this credit card have a score in the range 650-700. On the whole, if you have a good credit rating and you want to get rewarded for everyday spending, this card offers plenty of goodness and offers an attractive way to better your credit score for the future. Click Here to Apply
You get 1 point per dollar on all purchases where MasterCard is accepted, and double points for purchases in the ‘everyday’ purchase category, such as gasoline, groceries, utilities bills and so on. There are few limitations to this rewards program, and because the purchase categories are things you will spend on plenty, you can build up lots of points in a short space of time without having to resort to more expensive and less vital purchases.
There is lots of flexibility in redeeming your points – you can go for cash back towards any purchase over $25, flight discounts, dining, shopping and more. The monetary value is 1% of your points balance, so 5,000 points would equal $50 cash back. 2,500 bonus points are also provided when you make your first purchase.
Another big advantage is the 6 months 0% APR on balance transfers and purchases on top of what you already get. This card thus makes a good option if you need better short-term purchasing power or want to save money on an outstanding balance.
The only real disadvantage to this card is the fact that the terms and conditions are geared towards higher risk applicants, and you don’t get a lower cash advance rate in having a better credit rating. If rewards are not your number one concern, there are no-reward credit card options for people with good credit scores that offer lower interest rates and better terms in general. If your credit score is above 700, you may be able to get hold of a better rewards card with lower rates.
- Earn 2,500 bonus points after your first purchase, which is enough for a $25 statement credit.
- 0% Introductory APR for 6 months on purchases and balance transfers
- No annual fee
- Earn 2 points per $1 on gas, grocery, and utility purchases
- Earn 1 points per $1 everywhere else
- Use the points you earn like cash to pay for almost any purchases you’ve made.
- No blackout date, no redemption fees, no limit on the points you can earn and no complicated set up.
- This offer is for customers with Good Credit
|Intro APR||Intro APR Period||Regular APR||Annual Fee||Balance Transfers||Credit Needed|
|0%||6 Billing Cycles||24.99% (Variable)||$0||Yes*||Good|