Please Note: The Barclaycard CashForward™ World Mastercard® card is currently unavailable through this site. Additionally, information about the Chase Freedom Unlimited® and Discover it® Cash Back have been collected independently by TheSimpleDollar.com. The issuer did not provide the details, nor is it responsible for their accuracy.
The Barclaycard CashForward™ World Mastercard® is a fairly new card on the cash-back market. With the Barclaycard CashForward™ World Mastercard®, consumers can earn a flat rate of 1.5% back on every purchase they make – and all with no annual fee.
With a flat 1.5% back and no annual fee, all of these cards make it easy to earn a decent rate of return without paying out-of-pocket or dealing with a complicated rewards program.
The Simple Dollar’s Key Takeaways
- Earn a flat rate of 1.5% back for all purchases. Never keep track of rotating categories, bonuses, or spending limits. You’ll always earn a flat 1.5% back on everything.
- No annual fee. Since this card doesn’t charge an annual fee, you can keep it for eternity. Plus, you’ll never have to stress over whether a fee is worth it if you use your card infrequently.
- Get 0% intro APR for a limited time. Unlike some other cards in this niche, the Barclaycard CashForward™ World Mastercard® offers 0% introductory APR for 15 months on Balance Transfers made within 45 days of account opening. A balance transfer fee does apply.
Review: A Perfect No-Fee Card for Just About Anyone
The Barclaycard CashForward™ World Mastercard® is a smart option for almost any type of spender. And since this card doesn’t charge any type of annual fee or an application fee, the Barclaycard CashForward™ World Mastercard® is also somewhat of a no-brainer. If you’re not using a rewards cards and want to earn a flat rate of cash back on every purchase you make, you have little to lose provided you never carry a balance or pay interest on your purchases. Make sure you always pay your bill in full and on time, and the cash back you earn is truly “free.”
The Barclaycard CashForward™ World Mastercard® is a standard no-fee cash back card that would work for just about anyone. The fact that it offers 0% introductory APR for 15 months for Balance Transfers made within 45 days of account opening is just icing on the cake. And whether you just want to earn cash back or gift cards, you can do so fairly easily by using your card for all of your everyday expenses.
Barclaycard CashForward™ World Mastercard®: Where It Falls Flat
The Barclaycard CashForward™ World Mastercard® comes with few downsides, but the biggest is opportunity loss. If you spend a lot on your card every month or hope to travel with your points, this card might leave you wanting more.
Unlike the top travel credit cards, the Barclaycard CashForward™ World Mastercard® only lets you redeem your points for cash back or gift cards. Since you can’t transfer them to airline or hotel loyalty programs or use them to book travel at a discount, you’ll get a lot less bang for your buck.
And since this card isn’t really a travel credit card or a premier credit card for that matter, it doesn’t offer any of the perks a lot of other top rewards cards offer. For example, it doesn’t offer trip cancellation/interruption insurance, auto rental coverage, or any perks beyond the basics. If you’ll benefit from those extras, you’ll likely be a lot better off with travel credit card or one of the top rewards cards on the market.
Who This Card Is Good For:
- Someone who wants a set rate of cash back and not much else.
- Anyone who hates annual fees.
- People who don’t want to use rewards for travel.
Who Should Pass:
- Anyone who might want to redeem their points for free travel.
- Big spenders who might benefit more from a top rewards credit card.
- People who want more options when it comes to redeeming their points.
How Does It Compare to Other Cash-Back Cards?
To see how the Barclaycard CashForward™ World Mastercard® stacked up to another card in its niche, we looked at its benefits and compared it to the Chase Freedom Unlimited® Here’s what we found:
|Barclaycard CashForward™ World MasterCard®||Chase Freedom Unlimited®|
|Earning Tiers||Earn a flat 1.5% back on every purchase you make||Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening. Earn unlimited 1.5% cash back on all purchases|
|Redemption Options||Redeem your points for cash back or gift cards||Redeem your points for cash back, gift cards, or purchases made on Amazon|
|Can you transfer points?||No||Transfer points to Chase Ultimate Rewards if you have the Ink Plus Business credit card or Chase Sapphire Preferred® Card|
|0% APR Offer||0% introductory APR for 15 months on Balance Transfers made within 45 days of account opening. After that a variable APR will apply, 15.99%, 20.99% or 23.99%, based on your creditworthiness.||Get 0% intro APR on purchases and balance transfers for the first 15 months (then 17.24 - 25.99% Variable APR).|
|Balance Transfer Fee||3%||Either $5 of 3% of the amount of each transfer, whichever is greater.|
As you can see, both cards offer similar features. The biggest difference is the fact that points from the Chase Freedom Unlimited® card are transferrable if you have a card that earns Chase Ultimate Rewards® points, like the Chase Sapphire Preferred® Card. If you have the Chase Sapphire Preferred® Card already, the Chase Freedom Unlimited® might be a smarter option since you can pool the points from both cards into one place and use them for travel.
If you’re considering a balance transfer with one of these cards, it’s important to take note of the fees. The Chase Freedom Unlimited® comes with either $5 or 3% of the amount of each transfer, whichever is greater. That’s pretty steep, and worth considering if you’re transferring a large balance. It’s also a lot higher than the balance transfer fee charged by the Barclaycard CashForward™ World Mastercard®, which is just 3%.
And if you’re sure you want to do a balance transfer, there are other options to consider as well. Make sure to check out our post on the best balance transfer credit cards for more options.
Best Strategy with the Barclaycard CashForward™ World Mastercard®: Use it for Everything
Since the Barclaycard CashForward™ World Mastercard® offers a flat rate of 1.5% cash back for every purchase you make, you should use it as often as you can. Put all of your regular bills on credit, along with any “extra” bills that come your way. Think beyond grocery and gas and try to use your card for expenses you wouldn’t normally think of – things like utility bills, home repairs, and insurance.
Of course, you need to make it a point to pay your credit card off right away. If you pay interest on your purchases, you’ll likely wipe out any cash back you earn. Get in the habit of paying your credit card bill in full and on time every month, then stick with that strategy for the long haul.
Want the Option to Earn More Points? Consider This Card
If you don’t like the idea of earning a flat rate of 1.5% and want a way to strive for more, one card that fits the bill is the Discover it® Cash Back.
With the Discover it® Cash Back, you’ll earn 5% cash back at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate. Plus, 1% unlimited cash back automatically on all other purchases. Plus, Discover will match the total amount of cash back you earn after the first year.
In addition, this card offers free FICO® Credit Scores on your monthly statement and online. Redeem your points at any time, and your rewards will never expire.
If you hope to rack up some serious cash back, there are several cards to consider. When it comes to the Barclaycard CashForward™ World Mastercard®, this card is perfect for someone who wants one cash-earning card in their wallet and doesn’t want to pay an annual fee.
Without an annual fee, the Barclaycard CashForward™ World Mastercard® is the perfect card for someone who uses credit sparingly. And if you need to make a large purchase and pay it off over time, the 12 months at 0% intro APR this card offers is a welcome treat.
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