I receive compensation for content and many links on this blog. You don’t have to use these links, but I am grateful to you if you do. American Express, Citibank, Chase, Capital One and other banks are advertising partners of this site. Any opinions expressed in this post are my own, and have not been reviewed, approved, or endorsed by my advertising partners. 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).
Earlier this year Barclays stopped taking new applications for the Barclaycard Arrival® Plus World Elite Mastercard® while they rolled out a premium version of the card whose points transferred to miles (but which did not offer a signup bonus).
Back in early July applications relaunched and they did so with the biggest-ever offer of 60,000 miles after $5000 spend within 3 months. These can be spent at a penny apiece towards travel, and when you redeem for travel you get a 5% rebate on points. The bonus then is worth $630+, and the card earns an effective return of 2.1% on your spend.
The card offers a nice rebate for unbonused spend, and the initial offer is great to cover travel expenses that airline miles and hotel points don’t.
What’s new now is that the card’s $89 annual fee is now waived the first year, meaning the value of getting the card just got even $89 better.
Here are the card’s rates and fees. It’s one of the few chip and PIN cards issued in the U.S.