I receive compensation for many links on this blog. You don’t have to use these links, but I am grateful to you if you do. I do not write about all credit cards that are available — instead focusing on miles, points, and cash back (and currencies that can be converted into the same).
This is one of the best ‘rebate’ cards that earns points you can use to pay for travel, rather than transferring points into airline miles or hotel points.
It offers one of the highest effective rebates on spending in the market — two ppints per dollar spent plus a 10% points rebate when you redeem for travel means in essence that you’re earning 2.2% towards you travel from all spending.
The card offers:
- A signup bonus of 40,000 points after $3000 spend within 90 days $400 as a travel credit, plus 10% because you’re redeeming for travel)
- It’s got a shopping portal, gives free TripIt Pro, has no foreign currency transaction fees, awards points for your travel stories, and gives you your true FICO score free.
- It has an EMV chip for easier foreign spending and is a World Elite MasterCard with all the extra travel benefits that come along.
In my view probably the best bank proprietary points card overall. You want to use the points to cover expenses that airline miles and hotel points don’t — taxes, fees, and fuel surcharges on award tickets; non-chain hotels or flights on non-alliance airlines; tour operators; cruises; cars; airline fees.
Here are two non-obvious points about the card that have come up over the past few days.
- You can’t transfer Barclaycard points between accounts. That’s too bad. Citi lets you do it with Thank You points.
- The signup bonus <can be used to offset the minimum spend required to earn that bonus.
Spend the $3000 required to earn 40,000 points , and you earn 6000 points as well.
Then request a statement credit with those 46,000 points against that same $3000. Let’s assume you spent the $3000 on travel. You’ll get a $460 credit.
Those 46,000 points give you a $460 credit back.
And since you redeemed for travel, they credit you with 4600 points. Which you can redeem for a $46 credit.
And since you’re redeeming those 4600 points for travel, you get 10% back or 460 points…
Effectively, you earn a 17% rebate on your first $3000 spent (provided you spend this on travel) when signing up for the Barclaycard Arrival PlusTM World Elite MasterCard®
Editorial note: any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. Comments made in response to this post are not provided or commissioned nor have they been reviewed, approved, or otherwise endorsed by any bank. It is not the responsibility of any advertiser to ensure that questions are answered, either.
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