- 15% bonus for educational savings with qualifying 529 College Savings Plan
- Cashback in all purchase categories
- No Annual Fee
Introduction
| Intro APR | 0% for 15 months on balance transfers |
| Annual Fee | $0 |
| APR Range | 17.24%-27.24% |
About the Barclays Upromise MasterCard
The Barclays UPromise credit card is a great option for anyone trying to save up for education. The card offers up to a whopping 15% cashback bonus on your cashback balance if your card is linked to a 529 College Savings Plan. They also offer the UPromise Round Up feature which can help you get even more cashback. With no annual fee and 1.25% cash back on all purchase categories, this is a good choice for a wide range of credit card consumers.
Benefits
A no-fee card is a budget-friendly way to build credit while enjoying all the convenience and cash back bonuses that come with having a credit card. Being able to earn a bonus on your cashback balance to save for college isn’t going to send your child to Harvard, but if you are a heavy credit card user, it’s a great way to work towards your savings goals.
Drawbacks
The Barclays UPromise card does not offer the best cashback rate for purchases. If that’s your main reason for getting a credit card you may want to shop around for a card that can offer you more. Also, the card is a MasterCard and isn’t accepted by as many retailers as other credit cards.
How to Get the Upromise MasterCard
Getting a Barclays UPromise MasterCard does require some qualification on your part. A good credit score and longer credit history will be helpful.
About Barclays
Barclays is a Brittish multinational corporation headquartered in London and is one of the largest banking institutions worldwide. They offer services like personal banking, corporate banking, wealth management, and investment management. The origins of the company date back to 1690.