topic Re: What happen to Barclay's ring mastercard? in Credit Cards

What happen to Barclay's ring mastercard?

firefox100 — Sat, 25 Jul 2020 18:19:41 GMT

Ok I have the Ring mastercard from Barclay's with a credit line of 8K which I open back in July of 2017. At this time have no balance on the card for last several months. They had news which I got every month by email it stoped coming about year ago. This card had good feature in which you can write a check and deposit into your checking account with no transaction fees at your regular intrest or call up crs and have then do direct deposit into your checking account, both of the features have gone away. I have no reason to use the card it does not have any points or cash back, how long do you think before Barclay's closes account for none use.

Re: What happen to Barclay's ring mastercard?

kdm31091 — Sat, 25 Jul 2020 19:23:42 GMT

Barclay's has, at least for now, abandoned issuing any of their own cards and it's strictly cobranded cards now, similar to how Comenity or Synchrony operates. Whether this is permanent or not, who knows.

Re: What happen to Barclay's ring mastercard?

KLEXH25 — Sun, 26 Jul 2020 00:17:31 GMT

In these times, it might only be a matter of months before they CLD or close your card for non-use. My fiancé hasn't used his one Barclay card for about a year and they recently sent him a warning letter to use it in 30 days or they will close. It's one of his oldest cards, so I don't know if the warning letter is standard for everyone.

Re: What happen to Barclay's ring mastercard?

M_Smart007 — Sun, 26 Jul 2020 19:50:32 GMT

@KLEXH25 wrote:
In these times, it might only be a matter of months before they CLD or close your card for non-use. My fiancé hasn't used his one Barclay card for about a year and they recently sent him a warning letter to use it in 30 days or they will close. It's one of his oldest cards, so I don't know if the warning letter is standard for everyone.

@KLEXH25, It is nice that they sent out a warning letter of "use it or lose it"

Most lenders just close .. with NO warning.

Re: What happen to Barclay's ring mastercard?

KLEXH25 — Sun, 26 Jul 2020 20:06:37 GMT

@M_Smart007 wrote:
@KLEXH25 wrote:
In these times, it might only be a matter of months before they CLD or close your card for non-use. My fiancé hasn't used his one Barclay card for about a year and they recently sent him a warning letter to use it in 30 days or they will close. It's one of his oldest cards, so I don't know if the warning letter is standard for everyone.
@KLEXH25, It is nice that they sent out a warning letter of "use it or lose it"
Most lenders just close .. with NO warning.

Agreed! I even told my fiance that he was lucky they warned him. Another recent post indicated that another Barclay card owner was not so lucky, so it appears it's not their standard practice.

Re: What happen to Barclay's ring mastercard?

Anonymous — Mon, 27 Jul 2020 21:31:40 GMT

I recently got the Ring inactivity warning letter.

Re: What happen to Barclay's ring mastercard?

K-in-Boston — Tue, 28 Jul 2020 22:45:33 GMT

@firefox100 I moved your thread from Credit Card Applications to Credit Cards as no application has taken place. Threads about approvals should go to Credit Card Approvals, threads about the application process for credit cards should go to Credit Card Applications, and all other threads discussing consumer credit cards should be in Credit Cards.

You can order cash advance checks for your Barlaycard Ring account by clicking here:

https://www.barclaycardus.com/servicing/accountSettings#cashAdvanceChecks

Player 2 still has the grandfathered 8.00% variable card and went 18 months without using it without receiving a letter for non-activity nor having the account closed, but decided to make a small purchase recently to keep the account open for now. This is very much YMMV as others have received notices of closure long before that much time passed.

Re: What happen to Barclay's ring mastercard?

firefox100 — Tue, 28 Jul 2020 23:50:56 GMT

From what I understand you can not transfer or deposit cash into your account at your regular rate, there is no more balance transfer option in the Barclay's app. I called customer service and was told you can not balance transfer or deposit to a checking account, you still do cash advance at ATM but you will be charge a transaction fee and intrest on the loan with out a grace period.

Thank you for moving thread, some times the labels don't show when screen reader speaks.

Re: What happen to Barclay's ring mastercard?

firefox100 — Tue, 28 Jul 2020 23:51:10 GMT

Another thing you can only get 20 percent of your credit line in cash. To day I bought coffee put that charge on the card.

Re: What happen to Barclay's ring mastercard?

K-in-Boston — Wed, 29 Jul 2020 00:43:49 GMT

There are two types of Ring cards in circulation. Now that I am looking at the timeline, I think we might be comparing two different cards with the same name if you opened yours up in July 2017. Can you confirm that you have the original prime rate plus 5% APR card (currently 8% but would have been about 7.5% then) with the $3 cash advance fee and no fees for absolutely anything else version and not the later one that came with a 0% intoductory APR and a slightly higher APR? I want to say it changed over sometime in 2017 so I am not sure if we are comparing apples to oranges.

Re: What happen to Barclay's ring mastercard?

firefox100 — Wed, 29 Jul 2020 12:21:23 GMT

My Ring mastercard was open in July of 2017 with a zero percent balance transfer offer for 15 months with any trans action fees. Balance transfers are at regular intrest rate which is 15.5 percent with out any transaction fee. I also have the old uber visa card which allowed balance transfer or direct deposit into your checking account with a 3 percent transaction fee for 15 months, both cards don't have this feature any more.

Re: What happen to Barclay's ring mastercard?

Anonymous — Sun, 02 Aug 2020 23:19:04 GMT

I had been using my Ring card for small balance transfers (to pay off after getting the rewards on another card) since I got mine in 2017. Back in June I got a hard copy updated T/C's, and it had a part that said they may close inactive accounts for non-use, I had never seen that before. But I didn't get an actual warning. Then on July 1st, I got an email offering a $20 statement credit for $300 spend each month for July, August, and September. So I paid off the last of a balance transfer and put exactly 301.00 on there the first week of July, no credit yet. How I got mines was by combining a Frontier Airlines card and an American Airlines Aviator card into the Ring card, otherwise I no longer had any use for either cards but didn't want to lose the credit limits. At the time the Ring card wasn't available to apply for, but the rep didn't hesitate when I asked to combine and PC my cards. Now that I can't transfer in balances to revolve down, I really have no use for what is my biggest limit card. The statement credits will make me use the card through September, but unless the balance transfers come back I will have zero use for the card. Oh, when I got the card, I got a "floor rate" of 8.99v.