Re: The offical Barclaycar
d Ring Thread
04-19-2012 11:00 PM
I thought about applying for the Ring but am a bit concerned about how dynamic the T&C are. The 8% starting rate is great but it seems like there will be a lot of tweaking once things get underway. Majority may vote for a higher APR in exchange for more rewards, etc. Also the "transparent" profit sharing feature is lost on me. I can't find any info on how they will actually calculate this and wonder if it even amounts to 1% of spending on the card. I guess I'm a bit boring and prefer to stick to traditional cards where I know what the T&C will be for the forseeable future.
That's interesting, I didn't think of it that way. This card would really be of no use to me if the rate goes up above say 10%.
AMEX BCE, Citi Forward, Chase Freedom
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