Review: Upromise World MasterCard From Barclaycard

Photo (cc) by Tax Credits

This post comes from Logan Abbott, editor of the credit cards section of MyRatePlan.com.

Barclaycard has been busy launching new cards with great offers to try to get a foothold in the U.S. credit card market. Their latest offer, the Upromise World MasterCard, is a solid cash-back credit card that was relaunched last week.

Advantages

  • Receive a cash-back bonus for your first purchase. Cardholders receive $50 cash back just by making their first purchase with the card.
  • No annual fee. There’s no annual fee to use the card.
  • Zero-percent introductory APR on purchases and balance transfers. The card features a 0 percent introductory APR on purchases and balance transfers for 12 months. After the 12 months are up, the variable APR of between 12.99 percent and 20.99 percent applies, based upon your creditworthiness.
  • Earn cash back on every purchase. Cardholders earn 5 percent or more cash back on eligible online purchases, 4 percent cash back at thousands of participating restaurants, 3 percent cash back on eligible gas purchases at Exxon or Mobil locations, 2 percent cash back at eligible movie theaters, and 1 percent cash back on every other purchase. Earned cash back has no limit and never expires.
  • Save for college. Cardholders can elect to have cash-back earnings deposited into a Upromise 529 college savings plan, a Sallie Mae high-yield savings account, or made as payments toward an eligible Sallie Mae-serviced loan.

Disadvantages

  • Smaller cash-back bonus. The Upromise World MasterCard offers a $50 cash-back bonus after making your first purchase. Conversely, the Capital One Cash Rewards Card offers a $100 cash-back bonus for making $500 in purchases in the first three months that you have the card. It’s not a stretch to make $500 in purchases over three months, so the edge here goes to the Capital One card.
  • Cash back on gas only at Exxon and Mobil. Although the card offers a favorable 3 percent cash back on gas, cardholders are only eligible for that cash back at Mobil and Exxon gas stations. Conversely, the Blue Cash Preferred Card from American Express offers 3 percent cash back at all U.S. gas stations.
  • Balance transfer fee. Although the card offers a generous 0 percent introductory period on balance transfers for 12 months, the card still charges a balance transfer fee of 3 percent.

Bottom line

Get it if: You have excellent credit and want a solid cash-back rewards program in the categories described, as well as a long 0 percent introductory period on balance transfers and purchases.

Forget it if: You have poor credit, or you want a card that offers rewards other than cash back.

Follow Logan Abbott on Google+

Note: While we attempt to be completely objective when reporting on credit cards, this site may be compensated by issuers when a reader applies for a credit card through the links within credit card stories or on our credit card search page. Also note that any terms, rates or other features described in this article can change without notice. Always double-check everything with the issuer before applying for any credit card.

Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click links within our stories.

Read Next
9 Hidden Ways to Get More Out of Amazon
9 Hidden Ways to Get More Out of Amazon

You don’t have to be a Prime member to take advantage of these little-known perks of shopping on Amazon.

17 Surprising Things You Can Clean in a Dishwasher
17 Surprising Things You Can Clean in a Dishwasher

It’s often easier and faster to put these household items in the dishwasher than to clean them by hand.

How to Buy a Refrigerator, Step by Step
How to Buy a Refrigerator, Step by Step

Here’s how I got the perfect appliance at the perfect price.

9 Affordable Ways to Make Your Home Look Expensive
9 Affordable Ways to Make Your Home Look Expensive

These products from Amazon add elegance to your home without the expense.

Why Cutting the Cord Can Be Confusing — and How to Decide If It’s for You
Why Cutting the Cord Can Be Confusing — and How to Decide If It’s for You

Streaming TV might sound like the antidote to sky-high cable bills, but cutting the cord is easier said than done.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Most Popular
7 Kirkland Signature Items to Avoid at Costco
7 Kirkland Signature Items to Avoid at Costco

Even if it seems you save a bundle buying Costco’s Kirkland Signature brand products, they may not be the bargain they appear to be.

The Next 5 Groups Who Will Get the COVID-19 Vaccine
The Next 5 Groups Who Will Get the COVID-19 Vaccine

The CDC has unveiled a schedule that likely will determine who gets the next doses.

Am I Eligible for My Mother’s Social Security Benefit?
Am I Eligible for My Mother’s Social Security Benefit?

Can an adult daughter tap into her late mother’s benefit?

11 Generic Products You Should Buy at Costco
11 Generic Products You Should Buy at Costco

Not all generics are worthwhile, but these are among the best from Costco’s Kirkland Signature brand.

8 Tips for Retiring Comfortably on Social Security Alone
8 Tips for Retiring Comfortably on Social Security Alone

It’s never too early to start learning how to live well while living on less.

9 Things You’ll Never See at Costco Again
9 Things You’ll Never See at Costco Again

The warehouse store offers an enormous selection, but these products aren’t coming back.

3 Ways to Get Microsoft Office for Free
3 Ways to Get Microsoft Office for Free

With a little ingenuity, you can cut Office costs to zero.

This Surprise Factor Can Raise Your Risk of Dementia
This Surprise Factor Can Raise Your Risk of Dementia

Nearly half of U.S. residents may face this threat.

Organize Your Home With These 10 Thrift Store Finds
Organize Your Home With These 10 Thrift Store Finds

Resolve to be clutter-free in 2021 with these secondhand purchases.

This Gas Station Scam Is Victimizing More Drivers
This Gas Station Scam Is Victimizing More Drivers

For the second straight year, a growing number of Americans believe they’ve fallen prey to this scam.

11 Laws You Could Be Breaking Without Knowing It
11 Laws You Could Be Breaking Without Knowing It

Seriously? Fibbing about the weather is a crime? This and other little-known legal traps await the unwary.

These Are the 3 Best Used Cars You Can Buy
These Are the 3 Best Used Cars You Can Buy

These vehicles boast reliability, safety and long-lasting value.

6 Legal Documents Retirees Need — but Don’t Have
6 Legal Documents Retirees Need — but Don’t Have

Few retirees have all of these documents that are crucial to their golden years — especially during a pandemic.

13 Things Seniors Can Get for Free — or Almost Free
13 Things Seniors Can Get for Free — or Almost Free

There are many ways to get cheap or free services and goods after reaching a certain age.

Internet Providers Can’t Charge You for This Anymore
Internet Providers Can’t Charge You for This Anymore

Starting this month, your ISP no longer can bill you for this fee.

15 Painless Ways You Can Cut Costs in 2021
15 Painless Ways You Can Cut Costs in 2021

Follow these tips to save, so you’ll have money for things that really matter.

9 Small Expenses That Are Bleeding Your Budget Dry
9 Small Expenses That Are Bleeding Your Budget Dry

Keep more of future paychecks by eliminating these budget-busting unnecessary expenses.

The 4 Best Things to Buy in January — and 4 to Avoid
The 4 Best Things to Buy in January — and 4 to Avoid

As a new year dawns, deals abound for some types of products. In other cases, it pays to wait.

11 Huge Retirement Costs That Are Often Overlooked
11 Huge Retirement Costs That Are Often Overlooked

Does your retirement budget account for all of these costs?

View More Articles

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Add a Comment

Our Policy: We welcome relevant and respectful comments in order to foster healthy and informative discussions. All other comments may be removed. Comments with links are automatically held for moderation.