Opening a new credit card usually means an opportunity to earn a signup bonus. In the case of the Barclaycard CashForward World MasterCard, that bonus comes in the form of cold, hard cash.
Starting Tuesday, Barclaycard is beefing up its signup bonus for the CashForward card from $100 for spending $500 in the first 90 days to $200 for spending $1,000 within the same time frame.
On top of that, Barclaycard is keeping its introductory 15-month, 0% APR for balance transfers made within 45 days of account opening, but is extending the 0% APR to purchases as well for the same 15 months. After the introductory period expires, the variable for both new purchases and balance transfers goes to a variable 15.74%, 20.74% or 25.74% APR, depending on your creditworthiness at the time of application. (There's a balance transfer fee of $5 or 3% of the amount being transferred, whichever is greater.)
Other Noteworthy Perks
For those in search of a seriously simple cash back card, you can't do much better than the Barclaycard CashForward card. It offers an unlimited 1.5% cash back on every purchase, plus a 5% cash rewards bonus, which you receive every time you redeem. Redemptions start at just $50 and come in the form of a statement credit or direct deposit into your U.S. checking or savings account. As a further incentive to swipe, rewards never expire so long as you keep the account open, active and in good standing.
The CashForward card offers other perks as well. Chip-card technology helps make purchases more secure, while cardholders on the go have access to MasterCard's 24/7 travel assistance service. Beyond that, Barclaycard offers $0 fraud liability, meaning cardholders will not be held responsible for any fraudulent charges that they report.
Before You Apply
If the thought of unlimited cash back has you thinking of applying for the Barclaycard CashForward World MasterCard, you'll want to be sure you'll actually use it. Though the card doesn't carry an annual fee, its variable APR may strike some as relatively high, so you'll want to consider whether this card is a good choice for you if you tend to carry a balance.
You'll also want to check your credit to make sure you're able to qualify, as Barclaycard requires excellent credit. You can do that right here on Credit.com, where you'll receive two of your free credit scores, with helpful updates every two weeks. Checking your credit scores won't hurt them one bit and is a great way to stay on top of your finances, especially if you're trying to improve your standing.
Note: It's important to remember that interest rates, fees and terms for credit cards, loans and other financial products frequently change. As a result, rates, fees and terms for credit cards, loans and other financial products cited in these articles may have changed since the date of publication. Please be sure to verify current rates, fees and terms with credit card issuers, banks or other financial institutions directly.