topic Barclay Ring Card Question in Credit Cards

Barclay Ring Card Question

IncrsCreditScore1 — Thu, 15 Oct 2015 00:06:40 GMT

I am considering applying for the Barclay Rewards or the Barclay Ring. However, I cannot find all of the information on the Ring to make an informed decision. The link for applying for the Barclay ring is: http://www.findmybarclaycard.com/barclaycard-credit-cards/ring - and there is a statement: You decide on card benefits. I've read the terms and conditions and can find no information on the benefits that are to be decided on. Does anyone have that info or can anyone point me in the right direction to find out that info, please. TIA.

Re: Barclay Ring Card Question

CreditCuriosity — Thu, 15 Oct 2015 00:25:01 GMT

Pretty basic card.

8% APR

$3 dollar cash advance fee also at 8% interest if you decide not to pay it off before due.

No FTF

Pretty much a no thrills low APR card. Hope this helps a bit. Although the link your provided pretty much states all this

Also just the basic platinum benefits.

such as:

As a MasterCard cardmember you receive extensive travel, insurance, and retail protection services.

Receive auto rental coverage for damage due to collision or theft. Auto Rental Collision Damage Waiver
Shop with confidence. Extended Warranty Coverage
Stay reassured when you travel. MasterCard Global Service

Re: Barclay Ring Card Question

CH-7-Mission-Accomplished — Thu, 15 Oct 2015 00:27:14 GMT

@CreditCuriousity wrote:
Pretty basic card.

8% APR
$3 dollar cash advance fee also at 8% interest if you decide not to pay it off before due.
No FTF

Pretty much a no thrills low APR card. Hope this helps a bit. Although the link your provided pretty much states all this

I have been thinking a lot about the Barclay Ring and putting it on my list of future acquistions. The more I have heard about Barclay's, though, I don't think Barclay's is a good place to park a balance if you must carry one -- even at 8% interest.

The reason I am beginning to feel this way is because Barclay's is just so darned jumpy and reactive to any changes in your credit profile. Barclay's is the type that would AA you for using their card for its stated intent.

I think if you want to have a card for carrying a necessary balance, you are much better off using a credit union card. There's 5000 of them and some of them have rates as low as 6%.

I think the big banks are good for rewards cards and great bonuses, but not for carrying a balance.

Re: Barclay Ring Card Question

gibeon — Thu, 15 Oct 2015 00:30:11 GMT

http://www.barclaycardring.com/t5/custom/page/page-id/how-it-works

Users vote on the features of the card - balance transfer fees, Apr, etc.

Re: Barclay Ring Card Question

CreditCuriosity — Thu, 15 Oct 2015 00:52:13 GMT

@CH-7-Mission-Accomplished wrote:
@CreditCuriousity wrote:
Pretty basic card.

8% APR
$3 dollar cash advance fee also at 8% interest if you decide not to pay it off before due.
No FTF

Pretty much a no thrills low APR card. Hope this helps a bit. Although the link your provided pretty much states all this
I have been thinking a lot about the Barclay Ring and putting it on my list of future acquistions. The more I have heard about Barclay's, though, I don't think Barclay's is a good place to park a balance if you must carry one -- even at 8% interest.

The reason I am beginning to feel this way is because Barclay's is just so darned jumpy and reactive to any changes in your credit profile. Barclay's is the type that would AA you for using their card for its stated intent.

I think if you want to have a card for carrying a necessary balance, you are much better off using a credit union card. There's 5000 of them and some of them have rates as low as 6%.

I think the big banks are good for rewards cards and great bonuses, but not for carrying a balance.

Valid concern for sure.. It is a fine line you walk with Barclay's.. They love BT's, but if you carry to much for to long then shame on you lol.. If I lost Barclay's as a lender it would barely put a dent in my overall credit profile athough I would miss my SM card. The amount of credit they have extended me is small in consideration to my other lenders. Diversify is your best bet as stated on this forum alot so you have options if one lender puts you in a "bad" situation. With that said I try to stil be careful cause of barclay's, but if it happens then an app rampage will ensue)

Re: Barclay Ring Card Question

SouthJamaica — Thu, 15 Oct 2015 01:53:58 GMT

@IncrsCreditScore wrote:
I am considering applying for the Barclay Rewards or the Barclay Ring. However, I cannot find all of the information on the Ring to make an informed decision. The link for applying for the Barclay ring is: http://www.findmybarclaycard.com/barclaycard-credit-cards/ring - and there is a statement: You decide on card benefits. I've read the terms and conditions and can find no information on the benefits that are to be decided on. Does anyone have that info or can anyone point me in the right direction to find out that info, please. TIA.

It's my favorite credit card.

The terms are:

8% interest on purchases, cash advances, and balance transfers

No balance transfer fee

Cash advance fee a flat $3

Re: Barclay Ring Card Question

Anonymous — Thu, 15 Oct 2015 01:56:57 GMT

Don't forget no cash advance fee if you use a cash advance check.. which you can order and have around when you need them.

That's really my only need for my ring. It's like a 6k PLOC at 8% and emergency BT dumping grounds.

Re: Barclay Ring Card Question

Kutuzov — Thu, 15 Oct 2015 01:59:54 GMT

I've got a Barclay cc for almost 3 years now. Have almost maxed it out on occasions, paid ot full 75% of the time, and use it on general to it's full extent. I never got an AA, they even got me a cli earlier this year. Extreme credit seekers might see AA Barclay (as are many people in this forum), for regular users you don't need to fear Barclay.

Re: Barclay Ring Card Question

CreditCuriosity — Thu, 15 Oct 2015 02:05:17 GMT

@Kutuzov wrote:
I've got a Barclay cc for almost 3 years now. Have almost maxed it out on occasions, paidot full 75% of the time, and use it on general to it's full extent. I never got an AA, they even got me acli earlier this year. Extreme credit seekers might see AA Barclay (as are many people in this forum), for regular users you don't need to fear Barclay.

Agree you are an ideal card holder for what Barclay's looks for.. Very few cards and they are your main card. Average MyFico person might have a bit more to fear as the typical person on this forum probably has 10+ cards.. That is just a generalization, as alot have fewer, but we kinda like our variety

Re: Barclay Ring Card Question

Kutuzov — Thu, 15 Oct 2015 02:15:31 GMT

@CreditCuriousity wrote:
@Kutuzov wrote:
I've got a Barclay cc for almost 3 years now. Have almost maxed it out on occasions, paidot full 75% of the time, and use it on general to it's full extent. I never got an AA, they even got me acli earlier this year. Extreme credit seekers might see AA Barclay (as are many people in this forum), for regular users you don't need to fear Barclay.
Agree you are an ideal card holder for what Barclay's looks for.. Very few cards and they are your main card. Average MyFico person might have a bit more to fear as the typical person on this forum probably has 10+ cards.. That is just a generalization, as alot have fewer, but we kinda like our variety

Recently I got approved for a Discover It, since then they have seen less swipes, and just util. auto pays, but still just 4 cc.

Re: Barclay Ring Card Question

CH-7-Mission-Accomplished — Thu, 15 Oct 2015 02:20:03 GMT

@CreditCuriousity wrote:
@Kutuzov wrote:
I've got a Barclay cc for almost 3 years now. Have almost maxed it out on occasions, paidot full 75% of the time, and use it on general to it's full extent. I never got an AA, they even got me acli earlier this year. Extreme credit seekers might see AA Barclay (as are many people in this forum), for regular users you don't need to fear Barclay.
Agree you are an ideal card holder for what Barclay's looks for.. Very few cards and they are your main card. Average MyFico person might have a bit more to fear as the typical person on this forum probably has 10+ cards.. That is just a generalization, as alot have fewer, but we kinda like our variety

The best description I've ever seen for Barclay's was by a Credit Boards member. He said that "Barclay's is like your girlfriend who always checks your phone messages when you go take a shower. She loves you, but she just wants to be sure."

I thought that was hysterical and spot on.

Re: Barclay Ring Card Question

SouthJamaica — Thu, 15 Oct 2015 02:22:06 GMT

@Anonymous wrote:
Don't forget no cash advance fee if you use a cash advance check.. which you can order and have around when you need them.

.......

Wow. I did not know that.

Re: Barclay Ring Card Question

Anonymous — Thu, 15 Oct 2015 02:21:49 GMT

@SouthJamaica wrote:
@Anonymous wrote:
Don't forget no cash advance fee if you use a cash advance check.. which you can order and have around when you need them.

That's really my only need for my ring. It's like a 6k PLOC at 8% and emergency BT dumping grounds.
Wow. I did not know that.

Same thing for Walmart card and Discover card -it's called "cash over" - no fee

Re: Barclay Ring Card Question

Kutuzov — Thu, 15 Oct 2015 02:49:04 GMT

@CH-7-Mission-Accomplished wrote:
@CreditCuriousity wrote:
@Kutuzov wrote:
I've got a Barclay cc for almost 3 years now. Have almost maxed it out on occasions, paidot full 75% of the time, and use it on general to it's full extent. I never got an AA, they even got me acli earlier this year. Extreme credit seekers might see AA Barclay (as are many people in this forum), for regular users you don't need to fear Barclay.
Agree you are an ideal card holder for what Barclay's looks for.. Very few cards and they are your main card. Average MyFico person might have a bit more to fear as the typical person on this forum probably has 10+ cards.. That is just a generalization, as alot have fewer, but we kinda like our variety
The best description I've ever seen for Barclay's was by a Credit Boards member. He said that "Barclay's is like your girlfriend who always checks your phone messages when you go take a shower. She loves you, but she just wants to be sure."

I thought that was hysterical and spot on.

I'm more afraid of my wife with a rolling pin, but that's just me ...

Re: Barclay Ring Card Question

Anonymous — Thu, 15 Oct 2015 02:55:01 GMT

@SouthJamaica wrote:
@Anonymous wrote:
Don't forget no cash advance fee if you use a cash advance check.. which you can order and have around when you need them.

.......
Wow. I did not know that.

The checks are like really small and flimsy and overall quite dodgy looking. I've never deposited one at the bank but I think they would want to hold it a few days before clearing. ATM cash now for $3 is good too

Re: Barclay Ring Card Question

CreditCuriosity — Thu, 15 Oct 2015 02:58:52 GMT

@Anonymous wrote:
@SouthJamaica wrote:
@Anonymous wrote:
Don't forget no cash advance fee if you use a cash advance check.. which you can order and have around when you need them.

.......
Wow. I did not know that.
The checks are like really small and flimsy and overall quite dodgy looking. I've never deposited one at the bank but I think they would want to hold it a few days before clearing. ATM cash now for $3 is good too

Honestly I use my Ring for when I need to use an ATM which is pretty rare, but rather use it than my normal ATM card for a few reasons.. Not really ever a US Bank atm around when I am out and not liable for $3 dollars can't really beat it.. As stated don't use it alot, but nice to have for sure! Barclay's makes 3$ off of it and I get my cash and pay them back a few days later when I am on my computer.

Re: Barclay Ring Card Question

Kutuzov — Thu, 15 Oct 2015 03:02:07 GMT

@Anonymous wrote:
@SouthJamaica wrote:
@Anonymous wrote:
Don't forget no cash advance fee if you use a cash advance check.. which you can order and have around when you need them.

.......
Wow. I did not know that.
The checks are like really small and flimsy and overall quite dodgy looking. I've never deposited one at the bank but I think they would want to hold it a few days before clearing. ATM cash now for $3 is good too

I did one of those checks sometime before summer. I deposited at my Chase branch, and they didn't have an issue in taking it. I don't recall if they did or not a hold on it, but probably no more than 24-48 hrs if it would have been longer I would recall, but was only for $100. I also did one when I first opened the account, but don't recall if they did or not a hold on it was back in 2013. Anyways Chase will happily take one, no questions ask, and if they don't send you some you can order them online or by phone.

Re: Barclay Ring Card Question

Anonymous — Thu, 15 Oct 2015 05:25:18 GMT

Barclays also combines inquiries. If your scores support it, grab a Arrival+ and snag a $400 bonus! The ring is a great card for debt shuffles. They seem to pay creditors FAST. Ends up costing a couple bucks each time, but well worth it.

There are other cards that are nearly like this, similar rate, just have to use the search feature.

Re: Barclay Ring Card Question

IncrsCreditScore1 — Thu, 15 Oct 2015 20:07:05 GMT

Thanks so much, CreditCuriousity. I thought with the statement, "you choose the benefits," it meant there were items to select from - sort of like Discover. Should have known there was no such thing when couldn't find more info. Doesn't sound like a card I want.

Re: Barclay Ring Card Question

IncrsCreditScore1 — Thu, 15 Oct 2015 20:08:32 GMT

Thank you, gibeon. This helps me make an informed decision.