The Barclaycard Ring will be designed and built through the power of community crowdsourcing.

Barclaycard US plans to officially launch the Barclaycard Ring next month, a crowdsourced, community-powered credit card with a low rate, no annual fees and a forum for cardmembers to exchange ideas and have a say in how it works.

The Barclaycard Ring will have easy-to-understand terms that use straightforward language, an interest rate of 8% for all balances, and no annual or balance transfer fees. Other fees are simple and upfront: the late fee is a maximum of $25, the cash advance fee is $1 per transaction and the foreign country fee is 1%.

PREMIUM SUBSCRIPTION CONTENT
This content is available for Premium Subscribers only.
Already a subscriber? Log in