There are so many credit cards to choose from. They woo us with their programs and their low interest rates. Those rates usually only last for six months to a year and then they go up to 10- 15%, and that’s if you have spectacular credit. Do not be late on these or you can face a large increase on your interest rate, it can be as high as 29% or more. Let’s not forget those great reward programs. They give you a whooping 3% back or maybe you get points which amount to $1 for every Million you spend, or at least that’s what it feels like! Then there’s the ever surprising hidden fees that sneak up on you.

I’d like to tell you about Barclaycard Ring Mastercard- a new, one-of-a-kind online credit card with its own community. It combines social media, blogging, community, and online banking with a credit card – no other credit card has this interaction and transparency with their cardholders.

Cardholders can join the community and read balance reports from Barclaycard, voice their experiences (good and bad) and be informed of possible changes before they are made (and have a say in whether these changes are implemented!).

This is what I noticed first and what I liked!

Some Facts:

First social credit card to be designed and built through the power of community crowdsourcing and driven by the influence of an online community of cardmembers
•    Card offers a low interest rate, low fees, simple, easy-to-understand terms and the opportunity for cardmembers to shape and share in the product’s financial success
•    Through a virtual cardmember community, cardmembers have visibility into the card’s financial profit and loss statements
•    Online framework will provide cardmembers with the ability to influence decisions that impact how the card is managed and serviced, and a unique GivebackTM program will enable the community to share in the profit generated from its collective decisions
•    The community leverages a social media forum where cardmembers can exchange ideas, share knowledge and provide direct feedback to Barclaycard Ring to help determine future features of the product

Check out BarclayCardRing for more information and to request an invitation to the community.

Would you love to have a credit card that you understand the terms and that you control??

**disclosure- I was compensated for this post, however, all opinions are my own.