You can now earn 70,000 bonus miles for opening a Barclaycard Arrival Plus® World Elite Mastercard® and spending $5,000 within 90 days.
That means you’ll have 80,000 miles after you spend $5K in 90 days as the card earns 2 miles per dollar spent.
The $89 annual fee is also waived for the first year with this offer. See rates and fees here.
That’s signup bonus on this card has ranged from 40K-60K in the past. This is the first time there is a public offer for 70K miles.
You can earn this bonus even if you have earned it in the past, though you won’t be able to get the card if you currently have one open.
The card gives 2 miles for every dollar you spend on net purchases plus a 5% refund when you redeem miles so you effectively earn 2.11 miles per dollar spent or 2.11% back on all purchases. The 5% refund means that the 70,000 mile signup bonus is really more valuable as you’ll get 3,500 of those miles back after you redeem the miles for a cash refund. Of course when you redeem those 3,500 miles you’ll also get a 5% refund, ad infinitum. The 5% refund posts within 1-2 weeks of making a redemption.
The high signup bonus and the 5% rebate on redemptions makes this card one of most lucrative cards out there for everyday purchases. It’s a great way to earn tickets for travel to Israel for example as you’ll never have to deal with capacity controls or blackout dates. Just buy a ticket and then go online to use your miles to get a refund.
Miles is a bit of a misnomer, really they just mean cents with each mile being worth 1 cent towards travel. These miles aren’t transferable to any airlines. 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:
- Hotels or motels
- Car rental agencies
- Cruise lines
- Travel agencies
- Discount travel site
The nice thing about these points is that you can book travel on any site and can decide later what you want to get refunded with your points. There’s no need to book with a specific booking portal, so you can shop around for the best deals.
After spending $5,000 on a new card you’ll have 80,000 points. If you then spend $800 on plane tickets, hotels, rentals cars, etc, you can redeem points to have the full purchase price refunded and you’ll also get a refund of 4,000 points to use on future travel.
The other nice thing is that you can redeem points for part of a purchase. In other words if you want to buy a $900 flight and only have 80,000 points, you can choose to credit the 80,000 points against the flight charge and you’ll get a $800 refund, despite not having enough points to cover the entire flight. Plus you’ll get back 4,000 points as a rebate for making a redemption.
Note that the minimum redemption amount is $100.
There are no foreign transaction fees. Your miles won’t expire as long as you are a cardholder. You’ll also get a free monthly FICO score with this card.
This card has a true chip and pin system, so you can use it at automated kiosks in Europe that don’t accept most US chip and signature cards.
This card will only require 1 hard pull as opposed to cards from Capital One which require hard pulls from all 3 credit bureaus. 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.