Valued Contributor
ptr2593
Posts: 1,486
Registered: ‎08-14-2011
Re: The offical Barclaycard Ring Thread

dyv8914 wrote:

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%.

In My Wallet:
AMEX BCE, Citi Forward, Chase Freedom

In My Sockdrawer:
AMEX Clear, Citi Platinum Select, US Bank Platinum, J.Crew