Barclaycard Rewards Mastercard: Once a Fine Option for Fair Credit

No longer on the market, this card offered people with average credit the rare chance to score above average rewards on everyday purchases.

Kevin CashJanuary 27, 2021
The Barclaycard® Rewards MasterCard®: Uncapped Cash Back on Gas and Groceries
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In its time, the Barclaycard Rewards MasterCard® was one of the better rewards credit cards available for people with fair or average credit. Before is was removed from the market around 2016, it offered:

  • 2 points per dollar spent on gas, groceries and utilities.

  • 1 point per dollar on all other purchases.

  • No annual fee.

  • Free access to your FICO credit score.

  • The opportunity to get a higher credit limit after five consecutive on-time payments.

Rewards points were worth 1 cent apiece when redeemed for statement credit, and the amount of bonus rewards you could earn was uncapped.

The Barclaycard Rewards MasterCard® didn't offer a sign-up bonus, and its ongoing APR was rather high. But the same can be said of most cards designed for people with credit scores in the "fair" range — generally defined as about 620 to 690.

Capital One QuicksilverOne Credit Card
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With the Barclaycard Rewards MasterCard® no longer available, the Capital One QuicksilverOne Cash Rewards Credit Card might be an attractive option for those with fair credit.

The fair-credit version of the popular (and much-advertised) Quicksilver cash-back card, the Capital One QuicksilverOne Cash Rewards Credit Card offers unlimited 1.5% cash back on all purchases. That's the same rate offered by the regular version. However, this card has a $39 annual fee, compared with $0 for the standard card. It also doesn't offer the sign-up bonus or 0% intro APR period of the original.

Looking for other options? See our best credit cards for fair or average credit.

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