Big Print Blog

Why are we calling this blog "Big Print"?

Because we want to shed some light on the small print you see in financial documents. By pulling back the curtain on how a credit card company really works, we can work together to be better.

JaredY avatar
Potential Profit Share
Barclays Ring Public Blog

profit_share.jpegI mentioned something in the first blog about sharing profits. That may have piqued your interest, and well, we think it’s really cool too. Let me tell you more about it. In addition to the low 8% APR and low fees, we want to start giving back some of the money we make on the Barclaycard Ring MasterCard to the Barclaycard Ring members themselves. This isn’t a guarantee of money back—but we will share a transparent calculation of our profits above a certain threshold (more on this later). We’re calling this new program GivebackTM.


Credit cards have gotten quite complicated over the years, but we at Barclaycard Ring are committed to keeping it simple. By keeping things simple, it allows us to build a better relationship with you and make it easier to explain how GivebackTM  will work.


There are a few things you need to know upfront, and then we’ll be asking for your help in figuring out the rest. First, every Barclaycard Ring cardmember will have an impact on the profits, which then affects how much of our profits we share with you. The Barclaycard Ring cardmember in Wyoming and the Barclaycard Ring cardmember in Wisconsin are both in this together.


Second, we’re going to show everyone how the collective Barclaycard Ring group is performing. We’ll post on the community website a transparent calculation of the financial statements for this product and educate anyone who wants to learn more about how this whole thing works.


Finally, the Barclaycard Ring website will be a place where everyone who has this credit card can congregate and see how the product is doing—and best of all, share in our success.


Now back to profit sharing. Earlier, I mentioned sharing profits above a certain threshold. Yes, it’s true; we can’t share all of our profits. Shareholders own Barclays and they provide the money that allows us to operate and build this product for you. We have to ensure that Barclays’ shareholders get a fair return on their investment, but then after that we want to share what’s left with you. To find out more you’ll have to become a member Smiley Happy


We’re looking to change the way that credit cards work. Thanks for reading the Big Print Blog and check back soon for more details on all of the innovations in the Barclaycard Ring community.

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