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Posted by on May 7, 2013 in Barclays Arrival, Cash Back, Credit Cards, Priceline Rewards Visa | 0 comments

Barclays Arrival Credit Card: Free 44,000 Miles (~$440)

Recently, I said the Priceline Rewards Visa is hands down the best 2% cash back credit card. While I still stand by that statement, some may argue that the Barclays Arrival credit card is better. Why? The Barclays Arrival credit card is a 2.2%-ish cash back credit card with the exception that you can only get 2.2%-ish if you redeem the cash back towards travel expenses (airlines, travel agencies & tour operators, hotels, motels & resorts, cruise lines, passenger railways, and car rental agencies). In any case, the Barclays Arrival card does have a big signup bonus so if you’re about to plan your honeymoon, this card could be a perfect fit for you.

[Update 5/25/13] Unfortunately, the Priceline Rewards Visa no longer offers 2% cash back. The credit card now only offers 1% cash back.

[Update 2/20/14] The minimum spend requirement for the Barclays Arrival credit card has been raised from $1,000 to $3,000, which can still be easily met with a combination of normal spending and Amazon Payments.

 

Barclays Arrival

Barclays Arrival credit card

Barclays Arrival credit card

 

  • 40,000 miles signup bonus (44,000 miles really because of 10% rebate) after spending $1,000 within 90 days
  • 10% miles rebate when redeemed for travel expenses
  • 2 miles per $ spent on everything
  • Redeem 1 mile for $0.01 towards travel expenses, which effectively means 2.2% cash back after 10% rebate
  • $89 annual fee waived for the first year
  • No foreign exchange fee
  • World MasterCard offers one of the better collision damage waiver (CDW) car rental insurance
  • Annual fee only waived for the first year
  • When redeemed for non-travel expenses, the redemption rate is 2 mile for $0.01 cash back and you do not get a 10% miles rebate.
  • Must redeem in increments of 2,500 miles

 

The Main Point

I still think the Priceline Rewards Visa is the best 2% cash back credit card, because it has simple cash back with no restrictions and no annual fee. The Barclays Arrival credit card, however, is still a great credit card to open especially if you are planning your honeymoon and planning to make travel expenses anyways. I would open up the card and charge $1,000 worth of airplane tickets, hotels, and/or car rentals for your honeymoon. Doing so will release the 40,000 miles signup bonus, which you can immediately apply to your $1,000 credit card bill, bringing your cost down to $600. And with the 10% miles bonus, you’ll get 4,000 miles back, which is good for another $40 towards travel expenses.

As always, please remember to cancel the card before the 1 year mark to avoid the annual fee. Banks offer these signup bonuses with the first year annual fee waived to entice you to sign up and hope that you forget to cancel the card next year. As long as you are organized and disciplined with your credit, you’ll stay one step ahead. Last but not least, there is another offer out there for a Barclays Arrival credit card with no annual fee permanently. This card, however, only comes with a 20,000 miles signup bonus and 2 miles per $ spent on travel and dining. You only get 1 mile per $ spent on everything else. So make sure to sign up for the right Barclays Arrival credit card unless you intend to open both of them to get 60,000 miles.

 

Disclaimer: I receive referral credit for some of the links above if you sign up through them, which I appreciate

 

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