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Barclaycard CashForward™ World Mastercard® — Full Review [2021]

Name: Barclaycard CashForward™ World Mastercard® — Full Review [2021]
Item: Barclaycard CashForward™ World Mastercard®
Rating: 3
Author: Alex Miller

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"1.5% Cash-Back All the Time!"

You won't find trouble using this easy cash-back card! Get a cash rewards sign-up bonus, 1.5% cash-back on all purchases, and a 5% rebate for all cash rewards redeemed.

Alex Miller

- UPDATED: January 13, 2021

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!

CashForward Card — Snapshot

Welcome Bonus & Info (Partner Content)
Update: Offers mentioned below for the Barclays CashForward™ World MasterCard® are no longer available.
Card Categories:
Rewards Center
Rewards will accrue on the card and can be redeemed at Barclaycardus.com.
Customer Service Number
302-255-8990
Login Link
https://www.barclaycardus.com/

Great Card If

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

Don't Get If

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

CashForward Card Fees

Foreign Transaction Fees
3% of each transaction in U.S. dollars.
Interest Rates ?
- 15.99%, 20.99% or 23.99% Variable
Late fees ?
- Up to $37
Balance Transfers
- 0% APR for first 15 billing cycles on balance transfers (made within first 45 days)
- 15.99%, 20.99% or 23.99% Variable
- $5 or 3% fee of the amount of each transfer (whichever is greater)
Cash Advance APR
- 26.24% Variable

The Ideal Cardholder

Relaxing on beach — Relax and don’t sweat the small stuff! When you own the CashForward card you can easily collect cash rewards points with no hassle. Image Credit: Peera_stockfoto via Shutterstock

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.

Best Way to Maximize Rewards

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.

Movies — Do you like to go to the movies? Pay for your tickets with your CashForward Card and you’ll earn 1.5% cash-back! Image Credit: Krists Luhaers via Unsplash

Best Way to Redeem Rewards

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.

Alternative Cards to the CashForward 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 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.

Frequently asked questions

How does the CashForward card work?

The card is one of the cash-back credit cards offered by Barclays. Cardholders earn 1.5% cash-back for all purchases made with the card.

Cash-back can be redeemed for deposit into a U.S. bank account, statement credit, or a gift card when it reaches a minimum of $50.

Because it is a CashForward card, you also get a variety of travel and shopping perks.

Does the CashForward Card have a sign-up bonus offer?

Yes. The sign-up bonus is detailed in the card summary table above or special offer below.

You also get an introductory APR of 0% for 15 billing cycles on balance transfers made within the first 45 days.

Does the CashForward Card have an annual fee?

No. There is no annual fee.

When can I redeem the cash-back I earn with the CashForward Card?

You can begin redeeming cash-back as soon as you accrue $50. Just sign into your account at BarclaycardUS.com to make a redemption.

Does the cash-back I earn with the CashForward Card expire?

No. Cash-back does not expire as long as you keep your account active and in good standing.

Do I have to pay a foreign transaction fee when I use the CashForward Card internationally?

Yes. The foreign transaction fee is 3%.

Are there any CashForward Card partners?

No. There are no partners with the card.

Which is better, the CashForward Card or Barclays Rewards MasterCard®?

The CashForward Card is a no-annual-fee credit card that earns 1.5% cash-back for all purchases. It has a sign-up bonus as well (see the card summary table for details).

The Barclays Rewards MasterCard® is a no-annual-fee credit card that earns 2 points per dollar for gas, utility and supermarket purchases and 1 point per dollar for all other purchases.

Points can also be redeemed for cash-back. There is no sign-up bonus.

You can determine which card is best for you based on your budget and spending habits.

What is the login for the CashForward Card?

You can login to your card account at BarclaycardUS.com.

About Alex Miller

Alex has been traveling for over 25 years and from a young age was lucky enough to set out on numerous family trips all over the world, which gave him the travel bug. Alex has since earned millions of travel points and miles, mainly through maximizing credit card sign-up bonuses and taking every opportunity to earn the most points possible on each dollar spent.

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CashForward Card — Snapshot

Great Card If

Don't Get If

CashForward Card Fees

The Ideal Cardholder

Sign-Up Bonus and Cash-Back Percentage Rate

CashForward Card Benefits

Perks Available with a CashForward Card

Best Way to Maximize Rewards

Best Way to Redeem Rewards

Deposit Cash-Back into Checking or Savings Account

Apply Cash-Back as Statement Credit

Purchase Gift Cards

5% Redemption Bonus

Alternative Cards to the CashForward Card

Frequently asked questions

How does the CashForward card work?

Does the CashForward Card have a sign-up bonus offer?

Does the CashForward Card have an annual fee?

When can I redeem the cash-back I earn with the CashForward Card?

Does the cash-back I earn with the CashForward Card expire?

Do I have to pay a foreign transaction fee when I use the CashForward Card internationally?

Are there any CashForward Card partners?

Which is better, the CashForward Card or Barclays Rewards MasterCard®?

What is the login for the CashForward Card?

About Alex Miller

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