Barclaycard Ring Gets Out of the 0% Interest Game

For a year, the Ring was one of the better balance transfer cards available.

Paul SoucyAugust 3, 2020
On a similar note...
On a similar note...

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

The Barclaycard Ring® Mastercard® has eliminated its introductory 0% interest period, knocking it out of the ranks of the best balance-transfer cards.

This card has always had an annual fee of $0, and it is one of the few credit cards that never charges a fee to transfer a balance. In February 2017, Barclaycard sweetened the deal by adding an introductory 0% APR on purchases and balance transfers for 15 months. That gave the card the rare "zero trio" of balance transfer benefits: a $0 annual fee, a $0 transfer fee and a 0% introductory interest rate.

As of Feb. 1, 2018, that 0% period is history. However, Barclaycard also lowered the ongoing APR on the card, which had been 13.99%, to 10.74%. Essentially, the Barclaycard Ring® Mastercard® is back to what it was before February 2017: A decent option for people who tend to carry a balance from month to month and need a relatively low ongoing APR to save on interest.

Amex EveryDay® Credit Card still offers some variation of the zero trio. It has no annual fee. There's no balance transfer fee; transfers must be made within the first 60 days of account opening. The card offers an intro APR.

Bonus: Unlike many cards with a great balance-transfer offer, this card offers rewards.

Information about the Amex EveryDay® Credit Card has been collected independently by NerdWallet and has not been provided or reviewed by the issuer of this card.

We want to hear from you and encourage a lively discussion among our users. Please help us keep our site clean and safe by following our posting guidelines, and avoid disclosing personal or sensitive information such as bank account or phone numbers. Any comments posted under NerdWallet’s official account are not reviewed or endorsed by representatives of financial institutions affiliated with the reviewed products, unless explicitly stated otherwise.