News & Events

Barclaycard Ring Available to Cardmembers

Welcomed to join community

Barclaycard Ring MasterCard, the first social credit card designed and built through the power of community crowdsourcing, is now open for business.
   
"We are thrilled to open the community to see how the product will begin to evolve based on the needs and collective input of our customers," said Paul Wilmore, head of Open Markets.  "By offering cardmembers simple, transparent terms as well as the opportunity to help decide how the card best work for them are all part of our vision to revolutionize the credit card business."

The program was in alpha pilot phase since late last year.

New cardmembers will enjoy simple, easy-to-understand terms and benefits, including:

• One, low 8 percent interest rate for all balances.
• No annual fees.
• No balance transfer fees, enabling revolving credit card holders to transfer balances from higher interest-rate reward cards and still earn points.
• Giveback^TM, allowing community members an opportunity to share in the profit generated from their collective decisions.
• A simplified summary of the standard cardmember agreement.

"The Barclaycard Ring community provides a forum where cardmembers can exchange ideas, share knowledge and provide direct feedback to help determine future product features," said Jared Young of the Ring team. 

In the future, the Barclaycard Ring community will have an opportunity to voice its opinion about specific features and community functionality. 

To support the new credit card, Barclaycard US has also developed a dynamic new online community and servicing website that simplifies the account management process for cardmembers.  The web servicing site for Barclaycard Ring represents a new digital service experience for Barclaycard with enhanced functionality and easy to use tools.