Barclaycard CashForward World Mastercard Review 2017
Finding the best credit card sometimes feels like an impossible task that continually gets pushed to the bottom of your to-do list.
You have a good idea of what you’re looking for but haven’t narrowed it down enough to take the next step. Maybe you’ve been meaning to do some more research or you’re concerned about missing another offer if you pull the trigger and apply today.
Whatever the reason, due diligence is a smart move, but in this case, the longer you wait, the more money you lose.
Earning cash back rewards is the ultimate life hack.
We can all appreciate a good life hack and this one near tops the list for many savvy consumers.
A solid cash back card saves you money on everything, doesn’t waste your time, and is flexible enough to seamlessly fit your lifestyle.
Right now, our best cash back card for the job is the Barclaycard CashForward™ World Mastercard®.
Designed for people with excellent credit, it offers higher than average 1.5% cash back on all purchases and unlimited earning potential. You won’t have to worry about spend categories, expiring rewards, or even an annual fee.
Also, get approved today and you’ll earn a $200 cash rewards bonus when you spend $1,000 in the first 90 days. Considering its low minimum spend and no annual fee, this generous sign-up bonus is something we don’t see very often.
Having a flexible cash back card in your wallet means you’ll never have to pay full price on an item ever again, which is pretty exciting when you think about it. Instead of jumping through hoops to save money here or there, savings will automatically accrue in your account whenever you use your card.
We’ve poured over every detail to bring you this in-depth review. First up, a quick overview of the basics you should know before applying.
- $200 cash rewards bonus when you spend $1,000 in the first 90 days
- 1.5% unlimited cash back on all purchases
- 5% cash rewards redemption bonus, every time you redeem
- Rewards never expire
- Flexible cash back reward redemptions
- 0% intro APR on purchases for 15 months
- 0% intro APR on balance transfers for 15 months
- No annual fee
Recommended credit score: Excellent (approximately 750 or higher)
7 Reasons To Get It
1. The sign-up bonus is BIG and easy to earn
A generous sign-up bonus is worth getting excited over, especially since the Barclaycard CashForward™ makes it so incredibly easy to earn.
You’ll automatically get a $200 cash rewards bonus when you spend $1,000 in the first 90 days of opening your account.
2. The rewards rate is higher than other cards and offers unlimited cash back
Perhaps the most important factor for considering this cash back card, in addition to the great signup bonus, is the actual rewards rate you’ll earn when making purchases.
With 1.5% cash back on all qualifying purchases, this high, flat rate can help you earn some serious cash back rewards every single year. And, you won’t have to worry about hitting any caps or limits on the amount of rewards you earn, since rewards are unlimited and never expire.
Considering many other cards only offer 1% cash back, it’s easy to see why people are taking advantage of this offer while it’s available.
3. 5% of the points you redeem go straight back into your rewards account for next time
This benefit is one of our favorites and not one that you see frequently. Think of it like the rewards that keep on giving.
Every time you redeem rewards, you’ll also get a 5% cash rewards redemption bonus back into your account to use toward your next redemption.
Here are two examples to show what that might look like:
Example 1: Let’s say you redeem $150 in cash rewards, you’ll earn another $7.50 cash back to use toward your next redemption.
Example 2: If you were to redeem a smaller amount in cash rewards, say $50, you’ll still earn another $2.50 cash back to use toward your next redemption.
Both examples show the 5% redemption bonus you’ll receive just for cashing in on your rewards.
4. Rewards never expire
As long as your account remains open and in good standing, your rewards will never expire. So whether you want to save up for a large redemption or if you somehow forget that you have them accruing, your rewards will be safely waiting in your account until you’re ready to use them.
5. Rewards are flexible and can be redeemed in several ways
While most people looking for a cash back credit card may be happy to regularly redeem rewards as a statement credit, the Barclaycard CashForward™ takes it one step further for anyone who may feel limited by a single redemption option.
In total, you’ll have the flexibility to:
- Redeem rewards as earned dollars into a U.S. checking or savings account
- Redeem rewards for gift cards (of which there are several to choose from)
- Redeem rewards for a statement credit
6. If you want to make a balance transfer, this card has your back
In addition to being a top cash back rewards card, it’s also a powerful tool to use for transferring your balance from a high-interest credit card.
You’ll get 0% introductory APR for 15 months on balance transfers made within the first 45 days of opening your account, along with 0% introductory APR for 15 months on purchases. If you’re planning to make a large purchase soon, an introductory APR on purchases like this can help reduce the strain on your finances.
7. There’s no annual fee
While many of the other benefits tend to overshadow this one, it’s a valuable perk to acknowledge. This high-value card comes with a slew of great perks with no annual fee, making it a no-brainer to keep around in your wallet and grow your credit history.
Setbacks and other cards to consider
The Barclaycard CashForward™ has a lot going for it, but that doesn’t necessarily mean it’s right for everyone. You may want to consider these cards if:
You travel abroad often. If that’s the case, the Barclaycard Arrival Plus® World Elite Mastercard® may be a better option to consider. Unlike the Barclaycard CashForward™ World Mastercard®, the Barclaycard Arrival Plus™ has no foreign transaction fees and offers 2x reward miles on all purchases. It does, however, carry an annual fee of $89 (waived the first year). In true Barclaycard fashion, cardholders praise this card for high-five worthy perks and flexible reward redemption options.
You have a big balance to transfer. Even though the Barclaycard CashForward™ offers a lengthy 0% introductory APR period, it does come with the industry-standard 3% balance transfer fee (or $5 minimum, whichever is greater). If you’re wanting to pay off a big balance, a straightforward balance transfer card like the Barclaycard Ring™ Mastercard® may be a better option for you. It offers the same 0% introductory APR period for 15 months on balance transfers and purchases, but there are no balance transfer fees (even after the introductory period ends) and it offers one of the lowest ongoing APRs in the industry.
Barclaycard CashForward™ Q&A
How do I get the $200 cash rewards bonus?
To earn your $200 cash rewards bonus, all you’ll need to do is spend $1,000 on purchases with your card in the first 90 days when you open your account. To help meet the minimum spend, consider using your card for all recurring expenses such as rent, phone bill, cable bill, internet bill, groceries, restaurants, and so on.
Can I still be approved with good credit?
This card is highly selective and limited to people with excellent credit (approximately 750 or higher). Unfortunately, if you apply but don’t have excellent credit, chances of being approved are slim.
I want to go paperless. Where can I login to see my account?
You can login to your Barclaycard account anytime by visiting barclaycardus.com or by downloading the Barclaycard mobile app to securely access your account details. Once logged in, you’ll be able to:
- View your balance and available credit
- Immediately track spending
- Transfer a balance - even from an account at another bank
- Pay your bill and review payments
- And more
Can I add an additional user to my account?
Yes, additional users can be issued a card linked to your account with a distinct account number that makes tracking expenses easy. To set it up, call customer care department at 1-877-523-0478.
Once I have the card, can I request a credit limit increase?
Yes, you can request a credit limit increase by phone or online. To request online, log into your Barclaycard account and select “request credit line increase” under the “Services” dropdown.
If you prefer to call, you can request a credit limit increase by calling Barclaycard’s customer service at 1-866-928-8598.
Will Barclaycard give me a cash advance, and if so, how does it work?
Yes, you can easily get a Barclaycard cash advance from an ATM, provided you have your card and PIN with you, or by visiting any Barclaycard bank location with your card.
With your Cash Advance Check, you’ll have access to funds from your Cash Advance Line. These checks can be used anywhere a regular check is accepted. The Cash Advance limit is equal to your Cash Advance Line.
There are so many benefits; are there any “cons” I should know about?
This is a solid cash back rewards card. However, in the spirit of transparency, here are some details that may be perceived as cons. This card carries a 3% foreign transaction fee, cannot be redeemed for travel rewards, and rewards must equal $50 or more in order to redeem.
How can I get in touch with Barclaycard?
Barclaycard customer service: 1-866-928-8598
Barclaycard customer care department (existing customers): 1-877-523-0478
The Barclaycard CashForward™ World Mastercard® is a powerful card offering higher than average cash back rewards to people with excellent credit.
With so many benefits and perks available to cardholders at no annual fee, it’s easy to see why this card fits the bill for consumers looking for the best cash back rewards card available today. If you’re ready to start earning today, you may have found your perfect match.
Disclaimer: This content and the opinions expressed here are the author’s alone and have not been provided, commissioned, or endorsed by the credit card issuer. All information was accurate at the time of this post but card terms and conditions may change at any time.