topic Re: Barclay Ring Card? in Credit Cards

Barclay Ring Card?

RockinRay — Tue, 14 Aug 2012 17:23:02 GMT

Maybe considering app'ing for this card for the low interest rate.

What is the general consensus on this card at this time?

Re: Barclay Ring Card?

pizzadude — Tue, 14 Aug 2012 17:28:27 GMT

Here's a long discussion on it: http://ficoforums.myfico.com/t5/Credit-Cards/The-offical-Barclaycard-Ring-Thread/m-p/1355529#M376373

Re: Barclay Ring Card?

Anonymous — Tue, 14 Aug 2012 17:31:59 GMT

It is a great card if you carry a balance. Otherwise, it will just be a dust collecter for you like it is for me (they don't offer any rewards at all).

The site is pretty cool though.

Re: Barclay Ring Card?

Anonymous — Fri, 21 Sep 2012 07:25:54 GMT

Bankrate reports that Barclaycard Ring is now accessible to consumers. The charge card is closely tied to an online network that chose the card's design, what the rates should be and the way the card is marketed.

Re: Barclay Ring Card?

Ron1 — Fri, 21 Sep 2012 07:43:28 GMT

Ray,

It is a good card to have if you plan to carry any balance. I don't think it is a good idea to carry balance over three to four months. My brother had Apple Card and he carried balance over three months. They decreased his card CL. I have Barclays Rewards World MC and I think it is pretty good card to have.

Ron.

Re: Barclay Ring Card?

RockinRay — Fri, 21 Sep 2012 11:35:12 GMT

Thanks for the feedback. Since I have a USAA WMC with an APR of 7.75%, I think I will hold off for now. Don't really want the INQ.

But it does look like a good card for sure. I think it would be fun to be able to participate and help shape the card....

Re: Barclay Ring Card?

CS800 — Fri, 21 Sep 2012 13:51:34 GMT

I was thinking of PC'ing my Apple card to the Ring sometimes in December. My apple APR is high

Re: Barclay Ring Card?

RockinRay — Fri, 21 Sep 2012 14:28:51 GMT

@CS800 wrote:
I was thinking of PC'ing my Apple card to the Ring sometimes in December. My apple APR is high

I think that is a great idea - will they do a PC you think?

Re: Barclay Ring Card?

CS800 — Fri, 21 Sep 2012 14:32:17 GMT

@RockinRay wrote:
@CS800 wrote:
I was thinking of PC'ing my Apple card to the Ring sometimes in December. My apple APR is high
I think that is a great idea - will they do a PC you think?

The Apple card is known for its high APR . I'm hitting the 1 year mark with my Apple card in October. My current CL on my Apple card is $10K. I have to call them and see what the deal is.

Re: Barclay Ring Card?

CS800 — Fri, 21 Sep 2012 14:33:03 GMT

I was thinking this card:

https://www.barclaycardus.com/apply/Landing.action?campaignId=1583&cellNumber=8&referrerid=IMOPSGBR1

Re: Barclay Ring Card?

RockinRay — Fri, 21 Sep 2012 15:07:25 GMT

@CS800 wrote:
I was thinking this card:

https://www.barclaycardus.com/apply/Landing.action?campaignId=1583&cellNumber=8&referrerid=IMOPSGBR1

I have read some good things about this card. I think quite a few members here have one. For me, I just cna't get it to "fit" for a spend plan.

If you remember, I closed my Apple card as well as my iTunes Visa a few months ago. Gave up $5900 in CL.
I thought the Ring might be good to have, just in case.... I like the 8%.

Re: Barclay Ring Card?

jsucool76 — Fri, 21 Sep 2012 15:12:33 GMT

@CS800 wrote:
@RockinRay wrote:
@CS800 wrote:
I was thinking of PC'ing my Apple card to the Ring sometimes in December. My apple APR is high
I think that is a great idea - will they do a PC you think?

The Apple card is known for its high APR . I'm hitting the 1 year mark with my Apple card in October. My current CL on my Apple card is $10K. I have to call them and see what the deal is.

They might not straight up PC you, but they can probably transfer some of the CL from your apple card into a different one. I've definitely heard of people doing that with them before.

Re: Barclay Ring Card?

CS800 — Fri, 21 Sep 2012 15:14:03 GMT

Yes I remember you saying that.

The only thing that makes me nervous is to poke Barclays so ask for a PC. This could trigget a CLD on my Apple card who knows.

Re: Barclay Ring Card?

emptypockets — Fri, 21 Sep 2012 15:21:00 GMT

You definitely need to be careful with Barclay's especially if you have alot of INQ's (mainly INQ's 3-6 mos after you just get one of their products) or alot of new accounts. I had the Barclay's reward card (They PC'd me to it after they dropped the Spirit Air card). I called to move CL over to US Airways card, and close the Rewards card ( I didn't have a need for it since I already had Discover, and had just received Dividend, Freedom, and US Bank Cash +). The CSR was more than happy to move the CL over, but did ask me about my numerous new accounts in the past few months, and cautioned me about obtaining any new cards for "a while" (3-6 mos is what he said), because he would hate for me to risk adverse action due to so many new accounts.

Re: Barclay Ring Card?

LS2982 — Fri, 21 Sep 2012 16:22:59 GMT

I just recently transfered CL for apple card to rewards world MC and closed out the apple.

Re: Barclay Ring Card?

CS800 — Fri, 21 Sep 2012 16:45:06 GMT

@LS2982 wrote:
I just recently transfered CL for apple card to rewards world MC and closed out the apple.

Did you do a PC or you applied for teh Rewards car then transferred your CL from your Apple to the rewards?

Re: Barclay Ring Card?

emptypockets — Fri, 21 Sep 2012 18:18:29 GMT

@CS800 wrote:
@LS2982 wrote:
I just recently transfered CL for apple card to rewards world MC and closed out the apple.
Did you do a PC or you applied for teh Rewards car then transferred your CL from your Apple to the rewards?

In general, it is always best to apply for the new card, and then (if deferred/denied), call and ask to transfer the Credit Line from the old card to the new one. If you cancel the old outright, there is no guarantee that you will be approved for the new card.