The Barclaycard CashForward™ World Mastercard® offers cash back both when you buy and when you redeem.
If you’re not earning rewards on the things you buy, you’re leaving cash on the table. The Barclaycard CashForward™ World Mastercard® understands that, and wants to reward you twice.
Cardholders will earn a flat 1.5% cash back on every purchase made. You don’t have to worry about rotating, quarterly categories or opting in to earn your rewards. You’ll just automatically get 1.5% back on every dollar spent, no matter what you buy. Even better, though, is that you’ll get yet another 5% bonus once you redeem your cash back rewards. So, if you redeem $100 in earned rewards, Barclaycard will add an additional $5 to your account. You can use that the next time you redeem your earned rewards.
Plus, there’s a bonus offer for new cardmembers. You’ll earn an extra $200 after you spend $1,000 in eligible purchases within the first 90 days of owning the card.
Cash back earned is unlimited, and rewards can be redeemed in a few different ways. You can get a deposit made into your checking or savings account. You could also opt for either a statement credit on your CashForward™ card account or even redeem rewards for partner gift cards.
The biggest problem you’ll find with the rewards, however, is that you cannot redeem them until you reach at least $50 earned. This poses a bit of a problem with low-spenders. Luckily, though, cash rewards don’t expire (as long as your account is open and in good standing), so you can build up earnings until you have enough to redeem. One of the great perks of the Barclaycard CashForward™ World Mastercard® is that it offers an introductory 0% APR on both purchases and balance transfers. So, you’ll not only have the opportunity to pay off other, transferred debts faster (and for less) without interest, but you also won’t be paying interest on your new purchases.
The introductory APR for purchases is 0% for 15 months. After that, your remaining balance and new purchases will be subject to a variable APR. The new interest rate will either be 15.99%, 20.99%, or 25.99%, depending on your creditworthiness.
Your introductory APR for balance transfers is also 0% for 15 months, for transfers that occur within the first 45 months of opening your account. After the 15 months is up (or for transfers that post later than 45 days after account opening), the APR will either be 15.99%, 20.99%, or 25.99%, again based on creditworthiness.
There is also a balance transfer fee equaling the higher of 3% or $5, for each transfer. There is no annual fee on the Barclaycard CashForward™ World Mastercard®, making it even more worthy of consideration.
As mentioned, you will pay a balance transfer fee for all debts that you switch over to the account. This fee comes out to either 3% of the transferred balance or $5, whichever is greater. For cash advances, the fee is either 5% or $10, whichever is greater.
Barclaycard also charges fees for late payments (up to $37) and foreign transactions (3%).