The official word from Barclaycard is that because of this card’s low APR, it wouldn’t be profitable if it also earned cash back or rewards. Instead, the card issuer has created the Barclaycard Ring Giveback™ program, a unique profit-sharing arrangement.
Here’s how it works — once Barclaycard clears a set revenue return percentage on the Barclaycard Ring® Mastercard®, it will distribute a portion of any further profits to the cardholders. There are separate profit pools, one for referrals and one for use of the card. You’re eligible to receive a payout from the referral pool if you have at least one referral during the designated time period, and you’re eligible for a payout from the other pool if you’ve used the card at all.
If you want, you can also have Barclaycard donate your Giveback™ payout to a charitable cause.
It’s an interesting concept in theory, but you shouldn’t expect much back from this program. A good cash-back card or travel rewards card would be the better choice if that’s your goal.
View more information: https://www.fool.com/the-ascent/credit-cards/barclaycard-ring-review/