If you are looking for a good rewards card that is accepted at numerous merchants around the world, the Barclaycard Rewards MasterCard might be a good choice for you. You can earn great rewards, and you can start out with $50 cash back and 0% APR.
Features of the Barclaycard Rewards MasterCard
Barclays is a well-known and respected bank. Recently, my Upromise credit card account was switched to Barclaycard, and the experience has been smooth. I like the web site, and it’s easy for me to manage my account.
The Barclaycard Rewards MasterCard looks to be a solid offering from the bank as well. Some of the features that come with this rewards card include:
• No annual fee
• 5,000 bonus points after your first purchase – the equivalent of $50 cash back.
• 0% intro APR on balance transfers and purchases
• Double points on money spent on gas, groceries, and utilities
• No blackout dates for rewards
• No limits on cash back
One of the things I really like about this card is that you receive two points for every dollar you spend on gas, groceries, and utilities. Many other credit card issuers give you bonus points for spending on entertainment, like eating out. The Barclaycard Rewards MasterCard provides you extra points for the things you need to buy each month.
This feature makes it easier to incorporate your Barclaycard Rewards MasterCard into your budget. Use it for all of your necessary purchases, and then pay it off at the end of the month. You get double the rewards for spending on regular purchases. You can redeem your rewards for statement credit, travel, shopping, and more.
I also like that the interest rate starts out reasonably low for a rewards credit card. If you have excellent credit, you can expect to pay an interest rate of 14.99% once the intro period is over. Other credit levels come with 17.99% APR or 24.99% APR.
Who the Barclaycard Rewards MasterCard is For
As always, you need to carefully consider your own financial situation before you use any credit product. The Barclaycard Rewards MasterCard might not be for everyone.
This credit card might be for you, though, if you are interested in turbo-charging your rewards with purchases that you need to make each month. This is also a great card for those who want to transfer their high-rate balances. The 0% APR for the first 12 months can provide you with adequate time to make a real dent in your high-interest debt. Plus, there’s the $50 cash back after you make your first purchase.
The Barclaycard Rewards MasterCard comes with a great offer, and it’s possible to use it as a budgeting tool on your most common expenses, earning generous rewards.