BarclayCard Rewards MasterCard Review

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The Barclay card Rewards MasterCard is an excellent points based credit card. It has no annual user fees and comes with easy to accumulate bonus points. You get bonus on all purchases related to even day to day things such as gas, groceries as well as utility payments.

The Good things about Barclay card Rewards MasterCard

The good points worth highlighting about Barclay card Rewards MasterCard are:

• Great Introductory rates:

The card offers 0% introductory interest rates for the first 12 month period, something that is hard to get with other credit card providers.

• Great Sign-up bonus:

To get the sign up bonus, the card holder is expected to make his first purchase or balance transfer to claim 5000 points, that is equivalent to $50 credit. A good way to begin, indeed.

• Zero annual fees:

Normally the reward credit card providers charge an annual usage fee, up to as high as $200. This money compensates for the benefit that on will get by using the card, thus reducing the net benefit. But the Barclay card Rewards MasterCard does not charge any annual fee. A great thing for any card holder as there are no strings attached.

• Great ways to earn bonus rewards:

Normally the reward credit cards have limitations on the options by which one can accumulate credits. With the Barclay card Rewards MasterCard, one accumulates 2 credit points on any purchase of gas, groceries or paying for a utility. For any other purchase, the user gets one reward for every dollar spent.

Having, numerous ways to collect bonus enables the user to accumulate points very fast. Other companies may offer you higher rewards points, but the limitation imposed on accumulating them will now allow the user to use the card frequently.

Downsides of the Barclay card Rewards MasterCard

There are some limitations of the Barclay card Rewards MasterCard. Let us discuss some of them.

• The card needs to remain active:

Sometimes, the reward credit card companies put up expiry dates for claiming the required points else the points get wasted. Though, now many have stopped this, but even then the user has to be careful about such rules. The Barclaycard Rewards MasterCard does not put any such limitation, but the user must keep the card active else the reward points expire.

The card is considered to be inactive if it remains out of use for 3 months at a go. So the user has to be very careful on this point and keep using this card at frequent intervals. If you have the possibility of long periods of nil usage, then claim the required points before such happening.

• Transaction Fees for dealing in foreign currency:

These days most of the credit card companies have stopped charging fees while dealing in foreign currency, but the Barclay card Rewards MasterCard still charges 3% fee for the same. If you are a frequent international traveler, this is something to worry about. If not, then this weakness is not going to affect you much.

In short, the Barclay card Rewards MasterCard is an option worth going for. So do it now.