Monday, February 17th, 2014, 10:02 pm
There are no foreign transaction fees.
This card will only require 1 hard pull as opposed to cards from Capital One which cost 3 hard pulls. Best of all Barclaycard will typically pull from your Transunion credit report. Most banks pull from Experian though this does vary by state. If you are NJ or NY based you shouldn’t have almost any credit pulls on your Transunion report if you don’t have Barclaycards.
If you are denied you can call reconsideration at 866-408-4064.
By having this card you will also get your real FICO score for free every month!
The card gives 2 “miles” for every dollar you spend on net purchases plus a 5% refund when you redeem miles so that you effectively earn 2.11 “miles” per dollar spent. The 5% refund posts within 1-2 weeks of making a redemption.
Miles is a misnomer, really they just mean cents with each mile being worth 1 cent. The way it works is you book travel via any booking site and then you can just go online to your Barclaycard account and request that the purchase be refunded using your points. You can refund any purchase that is categorized as “Airlines, Travel Agencies & Tour Operators, Hotels, Motels & Resorts, Cruise Lines, Passenger Railways and Car Rental Agencies.”
If you want to convert your points into cash you could just book a refundable ticket like a Southwest Anytime airfare, select to redeem points to give you a check equal to that purchase, and then just refund the Southwest ticket. All of your points can be redeemed for 2.11% back that way.
2.11% back on all of your spending is excellent, but still I personally prefer real airline miles over bank miles due to their versatility. However this card is probably the best you’ll get for bank miles and it can make sense for people who don’t travel or who redeem for coach tickets that are purchased in advance.