For a limited time the Barclaycard Arrival Plus is offering a 50K signup bonus for spending $3,000 in 3 months. That’s 25% higher than the previous 40K bonus.
The $89 annual fee is waived for the first year.
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 means that the 50,000 points signup bonus is really more valuable as you’ll get 2,500 of those points back after you redeem the points for a cash refund. Of course when you redeem those points you’ll also get a refund, etc. 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.”
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.
After spending $3,000 on a new card you’ll have 56,000 points. If you then spend $560 on a plane ticket you can redeem points to have the full purchase price refunded and you’ll also get back 2,800 points.
Personally I prefer real airline miles over bank miles due to their versatility. Having a combination of Freedom Unlimited plus Sapphire Reserve gives you the ability to choose between 2.25%-4.5% cash back everywhere or 1.5-3 real airline miles per dollar spend everywhere. However the Arrival Plus card has no annual fee the first year and a much lower annual fee than that combo in subsequent years and it now has a lucrative signup bonus that makes it well worth the signup.