Select Barclaycard Cards Converted to Mercury Mastercard Cards

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Posted: November 8, 2018 Updated: November 8, 2018

SOME BARCLAYS CARDS CONVERTED TO MERCURY CARDS

If you are one of the Barclaycard cardmembers who found their account converted into the Mercury Mastercard credit card, this article is for you.

CREDITSHOP BOUGHT RISKY CREDIT CARD BALANCES FROM BARCLAYCARD

This fall, September, 2018, some of the Barclay credit cards were converted into Mercury Mastercard cards. That wasn't a spontaneous decision but actually a result of a Barclays subprime debt sale to CreditShop Inc. back in March of 2017. Most of sold credit card accounts were subprime credit card accounts. If you received a letter notifying you about the conversion, then you should be a Mercury Mastercard cardmember by now.

The balances that were bought from Barclay card are a range of Barclaycard cards, including some of the Barclaycard Arrival Plus World Elite Mastercard accounts. However, co-branded credit cards issued by Barclaycard, which include airline credit cards, hotel and other merchants credit cards, were not included.

WHAT'S CHANGED?

The Mercury Mastercard is issued by First Bank & Trust of Brookings, South Dakota. This new card keeps the terms and rewards program of your Barclaycard credit card. The Mercury credit card is a point rewards credit card though meaning cardholders will now earn points, not cash back.

Some of the rewards for the Mercury Mastercard are as following: consumers earn 2 points per dollar spent on all purchases. Once cardmembers reach 1,000 points, they can redeem for a $10 statement credit. Other benefits of the Mercury credit card are FICO score for free, $0 fraud liability, worldwide acceptance (except some countries).

REWARDS CREDIT CARDS FROM MAJOR BANKS

If you are one of those Barclaycard cardmembers who are now Mercury Mastercard cardmembers and are not happy with their new credit card, you may want to cancel your Mercury card and apply for a new credit card from a major bank. There are various rewards credit cards that will allow you to earn cash back, points or miles rewards on all your purchases. These are full featured credit cards with the convenience of online account access. Review the offers below and make sure your credit is good enough to qualify.

Reasons to Choose:
  • Rewards on All Purchases
  • Bonus Offer: 70000 Miles
Rewards Program:
  • Limited Time Offer: Enjoy 70,000 bonus miles after spending $5,000 on purchases in the first 90 days
  • Earn unlimited 2X miles on every purchase
  • Get 5% miles back to use toward your next redemption, every time you redeem
See Rates & Fees
Excellent, Good Credit
Reasons to Choose:
  • Rewards on All Purchases
  • Bonus Offer: Yes
  • Intro APR on Purchases: 0% (14 months)
  • Regular APR: 13.99% - 24.99% Variable
  • Annual Fee: $0
Rewards Program:
  • INTRO OFFER: Discover will match ALL the cash back you've earned at the end of your first year, automatically. There's no signing up. And no limit to how much is matched.
  • Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com and more up to the quarterly maximum, each time you activate.
  • Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
Reasons to Choose:
  • Rewards on All Purchases
  • Bonus Offer: $500
Rewards Program:
  • Earn a one-time $500 cash bonus after you spend $3000 on purchases within the first 3 months from account opening
  • Earn unlimited 4% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
Excellent, Good Credit
Reasons to Choose:
  • Rewards on All Purchases
  • Bonus Offer: Yes
  • Intro APR on Purchases: 0% (14 months)
  • Regular APR: 13.99% - 24.99% Variable
  • Annual Fee: $0
Rewards Program:
  • INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
  • Earn unlimited 1.5x Miles for every dollar spent on all purchases all with no annual fee.
  • No Blackout Dates - fly any airline, stay at any hotel.
  • Redeem your Miles as a statement credit towards travel purchases.
Reasons to Choose:
  • Rewards on All Purchases
  • Bonus Offer: $150
  • Intro APR on Purchases: 0% intro on purchases for 15 months
  • Regular APR: 14.74% - 24.74% (Variable)
  • Annual Fee: $0
Rewards Program:
  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
Reasons to Choose:
  • Rewards on All Purchases
  • Annual Fee: $0*
Rewards Program:
  • Earn 2% cash back on purchases: 1% when you buy plus 1% as you pay
  • Balance Transfers do not earn cash back
  • No categories to track, no caps on cash back, no annual fee*

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