Barclaycard, the payments arm of Barclays in the US, has introduced the unlimited cash rewards credit card.
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Dubbed Barclaycard CashForward World MasterCard, the new offering helps cardholders earn unlimited 1.5% cash rewards on every purchase along with a 5% redemption bonus to use toward their next redemption every time they redeem.
Users of the chip-technology enabled card have three options to redeem cash rewards including a deposit into any bank account, a statement credit or gift cards.
The cash rewards do not expire as long as the account is open, active and in good standing.
The card does not have any rotating categories, quarterly sign-ups and does not charge any annual fee.
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By GlobalDataAmong the various built-in features of the card include $0 fraud liability protection that implies that cardholders are not responsible for unauthorised charges, free online access to FICO Credit Score that helps cardholders monitor their credit and get alerts when their score has changed, as well as identity theft helpline that offers access to a certified resolution specialist.
Barclaycard US head of branded cards Rachana Bhatt said: "Barclaycard CashForward is the card for people who want unlimited cash rewards without the hassle of managing complicated card benefit programs. There’s no need to choose categories or worry about which card to use because cardmembers get the same great cash rewards every time and place they shop."
