Barclay Rewards Mastercard Credit Card Review for Excellent Credit

Dec 20, 2013 No Comments by

Barclaycard® Rewards MasterCard® – Excellent Credit

Barclay Rewards Mastercard Credit Card Review If you have excellent credit and are looking to sign up for a Mastercard, look into the Barclay Rewards Mastercard.  They are a rewards credit card that offers you 1 point for every dollar you spend.  You can then use your accumulated points to redeem them for cash back.  As an added bonus, if you use your card to pay for gas, groceries, or to pay your utility bills, you will earn 2 points for every dollar you spend!  That can add up!  Other benefits to this card include a 0% introductory APR for 12 months on purchases and balance transfers.   So if you have another credit card with a high APR, you can transfer the balance to the Barclay Rewards Mastercard and not pay any interest for a whole year.  Another benefit to this card is that there are no blackout dates, no redemption fees, and no limits to the points you can earn.  There is also no annual fee.  And as if it couldn’t get any better, you will also get 10,000 bonus points just for making $ 1000 on qualifying purchases within the first 90 days of account opening–this is like $ 100 cash back!

There are a few drawbacks to this card, for example, the 4% balance transfer fee.  However, if you have a high APR and balance on another credit card, you may end up saving money in the long run by just paying the transfer fee.  Another drawback is that once your 0% introductory APR ends, then you could be looking at a variable APR, currently 14.99%, 19.99% or 24.99%.  However, this is not a problem if you pay off your balance every month.  The Barclay Rewards Mastercard also has strict guidelines to the rewards program.  In order to receive this card and redeem points, they require that your account be open and in good standing, that you maintain creditworthiness, and that there is regular use of your credit card account. Account inactivity, which might include three (3) months or longer of non-use of the credit card account will result in account closure and possible loss of all your points that you have not used.

This card is still great to have though because of the no annual fee and double points on gas, groceries and utilities.  If you have excellent credit and can pay your balance at the end of each month, then this is the way to go!  Go to the link below and see if you qualify!

Also, be sure to check out our other Credit Card Reviews to find out the best cards for travel, earning rewards and points, bonuses, and bad credit. Name *

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