topic Barclay's Ring Card question in Credit Cards

Barclay's Ring Card question

Anonymous — Sat, 14 Sep 2013 06:38:59 GMT

Now that Ring card been out a while. I remember the card was supposed to be the "social network" card where members could somehow group decide on features etc. I never got one but curious how it turned out. Did cardholders really ever get to add/remove features? Or was it some kind of marketing gimmick that didn't mean such. I kind of remember the card as a Chase Slate (ie no features but low apr) with the social angle that may or may not mean anything.

Re: Barclay's Ring Card question

Anonymous — Sat, 14 Sep 2013 22:07:58 GMT

Anyone?

Re: Barclay's Ring Card question

FinStar — Sat, 14 Sep 2013 22:11:43 GMT

Sounds like crickets to me Crashem... lol. I was always curious too whether this product sized-up as expected for Barclays.

Re: Barclay's Ring Card question

shane82388 — Sat, 14 Sep 2013 22:15:31 GMT

It just seems overly complicated...i doubt it has really caught on like the majority of social networks, etc.

Re: Barclay's Ring Card question

VinnyofLegend — Sat, 14 Sep 2013 22:25:53 GMT

I'm a member. They've collected a lot of feedback but there have been no major changes yet. Mostly debate over FTF, card graphic/type, chip/pin, occasionally rewards, fees, paperless, etc

As far as I'm concerned it's pretty much a gimmick. The community has a few vocal participants and a handful of people complaining about CLs, and a handful praising the card for nothing special. I'm a CL complainer FWIW It continues to be my lowest line at 3K (started at 500), took 6 months waiting no auto CLI, 1 long call ending in denial, and a second call for recon.

It's a decent product but far from worthwhile IMO.

Re: Barclay's Ring Card question

Anonymous — Sat, 14 Sep 2013 22:28:30 GMT

So basically 8% apr card? Which is nice for major lender.

Re: Barclay's Ring Card question

VinnyofLegend — Sat, 14 Sep 2013 22:33:22 GMT

Yes. 8% APR with no bt fee is basically how I'm treating the card. The only other nice perk is $1 fee for cash advance instead of % like other banks, but I'm pretty sure most people would never cash advance except in extreme emergency without a debit card.

Re: Barclay's Ring Card question

djc1puno — Sat, 14 Sep 2013 22:57:44 GMT

thanks for the info, vinny! been eyeing this card for some time, but never put it high enough when i went on my spree...but at least there's some good features about it such as the low apr and BT fee

Re: Barclay's Ring Card question

coldnmn — Sat, 14 Sep 2013 23:13:01 GMT

I mainly got it for the 8%, a plus for me is CLI every 6 months. I was turned down for the card initially got it on reconsideration. 2 HP I didn't like, but nice to have a low interest card to carry a balance for emergency car repairs etc.

Re: Barclay's Ring Card question

Anonymous — Sat, 14 Sep 2013 23:50:18 GMT

The giveback is nice. Got it once.

Re: Barclay's Ring Card question

Anonymous — Sun, 15 Sep 2013 00:02:01 GMT

@Anonymous wrote:
The giveback is nice. Got it once.

Is that their "profit sharing?" What did it work out percentage wise of spend? 1%?