Barclaycard CashForward™ World Mastercard® — Full Review [2020]

You enjoy living life hassle-free, and that includes the credit card in your wallet.  After all, you worked hard for your excellent credit, why not enjoy the perks?

Consider applying for the Barclaycard CashForward™ World Mastercard®, a card that earns the same cash-back percentage for everything your purchase and no bonus categories to keep track of, ever.

Plus there’s a sign-up bonus and no annual fee. Talk about living life without sweating the small stuff!

Sign-Up Bonus and Cash-Back Percentage Rate

Sign up for the card and get a cash rewards bonus after you spend the required amount in the allotted time (see card summary table for details).

It’s usually a decent bonus considering you don’t have to pay an annual fee for the card.

Earn 1.5% for everything you purchase with the card across the board. Then, redeem your cash-back as a deposit into a U.S. bank account, statement credit, or a gift card. All redemptions start at $50.

Cash rewards never expire as long as your account is open, active and in good standing.

Bottom Line: Earn 1.5% cash-back for all purchases with the CashForward Card. There is no annual fee!

CashForward Card Benefits

It gets better. For each redemption you make, you will get a 5% cash rewards bonus to use toward your next redemption. It doesn’t matter how you redeem your cash-back, you’ll still get the 5% rebate every single time.

Redeem $100.00 in the form of a gift card, and then get $5.00 toward your next redemption.

Redeem $50 as statement credit, and then get $2.50 toward your next redemption.

It’s all up to you! It only takes one business day to receive your redemption bonus after you make your redemption.

And there’s still more.

Enjoy an intro APR on any balance transfers you make within a set period of opening your account (see card details above for more).

In addition, get the peace of mind that comes from knowing you have a chip-card. That means it uses encryption technology to keep your account information safe.

More than 130 countries use chip card technology, and U.S. merchants are quickly making the switch due to the reduced risk of fraud.

Bottom Line: Enjoy 5% cash-back with each redemption, an  intro APR on balance transfers, and chip-card technology with the CashForward card.

Perks Available with a CashForward Card

The CashForward Card provides a wide variety of insurances, shopping benefits, and travel perks because it has the CashForward card designation.

Many of these benefits aren’t offered with other cash-back credit cards.

These benefits include access to a MasterCard Airport Concierge, the World Air Program and World Car Rental Program, and so much more. We’ll tell you all about the perks in the Gritty Details coming up.

• You will put all of your monthly expenses on the card
• You want to earn cash-back for everyday purchases
• You would like a cash-back rebate for every redemption
• You don’t mind a modest sign-up bonus

• You are looking for a big sign-up bonus
• You would rather earn travel rewards
• You want to earn more than 1.5% cash-back for bonus categories

You are somewhat limited to the number of ways you can maximize cash-back with the CashForward Card because it earns a straight 1.5% for all purchases.

However, we did come up with a few ways to make sure you are getting the most from your card.

Tip #1: Don’t miss out on the sign-up bonus! Just spend the required amount in the allotted time and you’ll have cash-back waiting for you. If you are like most people, you can probably spend the required amount at supermarkets and on gas alone.

Tip #2: While it’s important to put your expected expenses on the card each month to earn 1.5% cash-back, unexpected expenses can add up too. Kids need physicals? Put your insurance co-pay on the card. Going out to the movies? Pay with your card.

Tip #3: Another strategy is to use your along with other credit cards to earn the most cash-back possible.

For instance, earlier we discussed how the Blue Cash Everyday® Card from American Express earns 3% cash-back at U.S. supermarkets up to $6,000 a year, at which point it earns 1%.

If you use it up to the $6,000 limit and then switch to the Barclays, you’ll get 1.5% cash-back for supermarkets instead of 1%!

Tip #4: Avoid credit card fees. For example, pay your bill on time each month, and you won’t accrue late payment penalties. Pay the entire bill, so you don’t have to pay interest fees. By avoiding these fees, you’ll earn your cash-back free and clear.

Tip #5: We mentioned that you need to have $50 cash-back before you can redeem it, so pay attention when you are getting close.

Pull out the card for small purchases instead of using cash, and it may push you to the minimum so you can make that redemption after all.

Because the CashForward Card is a cash-back card, there are only a few options to redeem. They all require a minimum of $50. Let’s take a look at each of them in detail below.

Deposit Cash-Back into Checking or Savings Account

The first way to redeem cash-back from the card is to have it deposited into a U.S. checking or savings account. ACH deposits take 3-4 business days. There is a daily limit of $500.

Apply Cash-Back as Statement Credit

You can also have your cash-back applied as statement credit. It takes 1 to 2 business days for the credit to appear. It’s important to note that you can’t use the statement credit toward the minimum payment for your bill.

Purchase Gift Cards

If you would rather apply your cash-back toward a gift card, you also have that option. Gift cards are mailed to the U.S. street address you have on file with the credit card. It takes 7 to 10 business days for gift cards to show up.

Also, you can have gift cards sent to a P.O. Box but not an A.P.O, F.P.O, or international address.

5% Redemption Bonus

We discussed this earlier, but as a reminder, you get a 5% cash-back bonus every time you make a redemption. The total is rounded to the nearest cent and added to your account in one business day so you can apply it to your next redemption.

It doesn’t matter if you redeem for a deposit, statement credit, or gift card. All redemptions automatically earn the 5% bonus.

There are no partners with this cash-back card.

While the CashForward Card has a lot to offer, there are a few drawbacks to be aware of.

First, you need excellent credit to qualify for the card. If you’re currently building your credit, another option is the Chase Freedom Unlimited℠, a no-annual-fee card from Chase.

Another potential drawback of the card is the cash-back percentage. While 1.5% is pretty good, there are other cash-back credit cards that do better.

For instance, the Blue Cash Everyday® Card from American Express earns 3% cash-back at U.S. supermarkets up to $6,000 a year and 2% cash-back at U.S. gas stations and select U.S. department stores as well as 1% cash-back on other purchases.

Finally, you can’t redeem your cash-back until it reaches $50. That means you have to spend almost $3,000 before you can qualify.

There are other cards without a minimum cash-back amount such as the Capital One Quicksilver Cash Rewards Credit Card.

But if you spend enough, and with the redemption bonus, the Barclays can be worth it.

Bottom Line: If you want a card that earns more cash-back and allows you to redeem without a minimum amount, there are other credit cards available besides the CashForward Card.

The card is pretty straightforward because you earn 1.5% cash-back for all of your purchases.

As far as the sign-up bonus, there is one consideration. If there are any returns or refunds on the card, that amount will be deducted from the total spent.

You cannot earn or redeem cash-back if your payment is late.

The cash rewards bonus will be reflected on the billing statement in which you have qualified to earn the bonus.

Other Unique Benefits

The CashForward Card offers a wide array of shopping and travel benefits:

ID Theft Protection – 24/7 Alerts, resolution services, Emergency Wallet Replacement at 1-800-Mastercard

$0 Fraud Liability – If your card is lost or stolen you are not responsible as long as you make a report.

MasterCard Global Service – Receive 24/7 emergency assistance reporting a lost or stolen card, getting a replacement card or cash advance, and more virtually anywhere and in any language.

Price Protection – You may be reimbursed the price difference if you find a lower price for an item within 120 days from the date you made the purchase with your card.

Extended Warranty – With this benefit, the original manufacturer’s warranty of 24 months or less is doubled.

Luxury Portfolio – Receive perks such as complimentary room upgrades, daily breakfast, and other amenities when you book a stay in the Mastercard luxury hotels & resorts portfolio.

Concierge – Enjoy exclusive expert assistance with event tickets, dinner reservations, gift-buying, and many more tasks 24/6/365.

MasterCard Airport Concierge – A dedicated Meet-and-Greet agent is available to escort you through over 450 airport locations worldwide 24/7/365.

World Air Program/Car Rental Program – Enjoy elite status, savings, and upgrades on air travel and car rentals.

World Cruise Program – Enjoy exclusive savings and benefits on mega-yachts, boutique river vessels, and luxury cruise ships.