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BarclayCard Rewards MasterCard®

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The Barclaycard Rewards MasterCard® will appeal to those with fair credit and looking for a cash back card for "everyday purchases".

Card Details
Card Details

Earn 2X on gas, utilities and eligible grocery stores (does not include Walmart and Target).

Earn 1X on regular purchases

How Do You Redeem Points? - You could redeem points for deposits to a U.S. checking or savings account, statement credits or gift cards, starting at 1,000 points for $10.

Earn Unlimited Points - Unlike some cards that limit you on the points you can earn on certain categories, you can earn unlimited points with this card.

Annual Fee - $0

Chip Technology - Like most cards these days, this card comes with Chip technology.

Free FICO Score - As a card member, you can get free access to your FICO score.

Access to Future Credit Line Increase - After six months, you will be reviewed for a potential increase in your credit line.


Card Features
Barclaycard Rewards MasterCard® Annual Fee: $0
Rewards : 2X gas, utilities, grocery (excluding Walmart and Target)
1X other purchases
Free FICO Score
Credit Needed: Fair
Blue Cash Everyday Annual Fee: $0
3X Groceries ($6,000 cap)
2X Gas and Select Department Stores
1X Other Purchases
Credit Needed: Excellent
BankAmericard Cash Rewards Annual Fee: $0
3X Gas
2X Grocery (including wholesaleclubs)
1X other purchases
$2,500 quarterly cap on 2X Grocery and Gas
10% bonus when redeemed with BOA bank account
Credit Needed: Good
Capital One QuicksilverOne Annual Fee: $39
1.5% on all purchases
No Foreign Transaction Fee
Credit Needed: Fair
Capital One Platinum Annual Fee: $0
No Rewards
No Foreign Transaction Fee
Credit Needed: Fair

There are two types of cards that we have included in our comparison table. The first type are cash back cards that give you more than 1% or 1X on "everyday purchase" categories like gas and groceries. But since this card is also geared towards folks with average credit, then I have also included a couple of Capital One cards which also target folks with fair credit in the table.

In terms of everyday purchase, Barclaycard ranks very favorably with it's competitors. For example, though the Blue Cash Everyday may give you 3% cash back (rather than 2%) for groceries, you are capped at $6,000 annual spending a year in that category. For this card there is no cap. BankAmericard Cash Rewards allows you to earn 2% cash back at groceries stores (and they include wholesale clubs) and gasoline. But you are capped at a combined $2,500 a quarter. This card also allows you to earn 2% on utilities (which no other card that we know offers that).

Against cards geared specifically for those with average credit, this card does even better. The Capital One QuicksilverOne for example, allows you to earn 1.5% cash back on all purchases. However, you have to pay a $39 annual fee. The Capital One Platinum (another card targeted towards those with fair credit) has no annual fee, but also no rewards.

Best of all, this card allows you free access to your FICO score.

Our Take
Our Take

Based on the comparison that we just did, I would say that the Barclaycard Rewards MasterCard® would be a very suitable card for those with average to fair credit and are looking for a card with no annual fee and rewards or cash back.

It is also a card that is really good for earning cash back and rewards for "everyday spending" as you get 2% or 2X on groceries, gas and utilities (which we know of no other card that has this feature at the moment).

Best of all, you get free access to your FICO score.