There have been a lot of great credit card sign-up bonuses lately, especially from American Express and Chase. So sometimes I think it’s worth posting a reminder of some of the increased bonuses out there from other issuers.
For example, one of the best travel cashback credit cards out there is the Barclaycard Arrival Plus™ World Elite Mastercard®. The card is compelling in general, though for a limited time has the best sign-up bonus I’ve ever seen on the card. The card’s annual fee is waived the first year, and is $89 per year thereafter.
With this offer you can earn 50,000 bonus miles after you spend $3,000 on purchases in the first 90 days. In the past the bonus has been 40,000 bonus miles upon completing minimum spend, so this bonus is 25% better than usual.
While Barclaycard markets the currency earned on the Barclaycard Arrival Plus as miles, in reality the card offers cashback towards travel. That’s to say that each mile can be redeemed for one cent towards the cost of a travel purchase.
You can redeem points by requesting a statement credit for your purchase within 120 days, and points can be redeemed towards purchases with airlines, hotels, motels, timeshares, campgrounds, car rental agencies, cruise lines, travel agencies, discount travel sites, trains, buses, taxis, limousines, and ferries (as defined by the merchant code).
That means the 50,000 miles can be redeemed for $500 towards travel.
On top of that, you get 5% miles back every time you redeem. So if you redeemed 50,000 miles for a $500 travel purchase you’d get another 2,500 miles, which you could eventually redeem for $25 towards a travel purchase (though the minimum redemption amount is 10,000 miles/$100).
Long term this card can also be pretty rewarding. You earn 2x miles per dollar spent, meaning in reality you’re getting two cents towards the cost of a travel purchase per dollar spent, plus another 5% after you redeem those points, for a return of 2.1%+, which is great.
The Barclaycard Arrival Plus is one of the best travel cashback credit cards out there, and this is the best offer we’ve seen on the card. You’re getting a sign-up bonus worth $525+ with no annual fee the first year, which is fantastic.
On top of that, it’s a card that can be great long term, given that it offers the equivalent of a 2.1%+ return on travel spend. If you haven’t yet signed up for the card, I’d seriously considering doing so with this excellent offer.