Review
Barclays Upromise® World Mastercard® Review: Save for College with Everyday Spending
Looking for a simple way to save for college? The Upromise® World Mastercard® lets you earn cash back on everyday purchases that automatically goes towards education savings, plus it has no annual fee and some surprising perks.
| Annual Fee | $0.00 |
| Regular APR | Purchases – 18.49% to 29.49%, based on your creditworthiness and other factors. This APR will vary with the market based on the Prime Rate. After that, (and for balance transfers that do not post to your account within 45 days of account opening) your APR will be 18.49% to 29.49%, based on your creditworthiness and other factors. This APR will vary with the market based on the Prime Rate. APR for cash advances 29.74%. This APR will vary with the market based on the Prime Rate. |
| Intro APR | 0% introductory APR for the first fifteen billing cycles following each balance transfer that posts to your account within 45 days of account opening. |
| Rewards Rate | 1.25%-1.529% cash back rewards |
| Sign-up Bonus | $100 Bonus Cash Back Rewards |
| Other Fees | Balance transfer fee Either $5 or 5% of the amount of each transfer, whichever is greater. The minimum monthly interest charge will be $0.50. Balance transfer fee: 5% (min. $5). Cash advance fee: 5% (min. $10). Foreign transaction fee: 0%. |
Overview
Pros & Cons
What's great
- No annual fee
- Intro APR period
- Sign-up bonus available
- No foreign transaction fees
- Cashback on purchases
Things to consider
- High regular APR
- Balance transfer fee
- Limited rewards categories
Benefits
Drawbacks
Decision Guidance
Summary
The Upromise World Mastercard earns an overall rating of 2.6 out of 5.0. While it offers some compelling features, such as no annual fee, an intro APR period, a sign-up bonus, and no foreign transaction fees, its high regular APR, balance transfer fe...