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Barclaycard Ring Gets Out of the 0% Interest Game

Sept. 20, 2019
Balance Transfer Credit Cards, Credit Cards, Promos
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  • Barclaycard Ring® Mastercard®
  • Amex EveryDay® Credit Card

As a result, offers described on this page may be out of date. See our best credit cards page for updated offers.

This Page is out of Date

The terms of the Barclaycard Ring® Mastercard® changed in July 2018, so the information below may no longer be accurate. For current offers, see our Best Balance Transfer Cards of 2018.

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 a $0 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: 0% Intro on Purchases and Balance Transfers for 15 months, and then the ongoing APR of 14.49% - 25.49% Variable 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.

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