(Update: Just got an e-mail that Barclaycard Arrival cardmembers will now get a free official FICO score all year-round (TransUnion-based). You will also get to see the top two factors currently affecting your score and a graphical chart showing historical score changes. Scores will be updated “regularly” but not daily, although you will get an e-mail when your score changes.
If you already have this card, you can opt-in now by logging in and clicking on “Tools and Education” and then “Your FICO Score”. I ended up getting this card, already got the $400 bonus, and here is a screenshot taken from my account today. Not a bad addition to the 2.2% cash back towards travel, see the rest of my review below.)
The new Barclaycard Arrival(TM) World MasterCard® – Earn 2x on All Purchases is a new premium travel rewards card with a nice sign-up bonus and also works out to 2.2% cash back towards travel. This results in card that may be the best option for people who like to travel but aren’t loyal to any specific airline program.
Sign-up Bonus: 40,000 miles = $400 off your next trip
There is a limited-time sign-up bonus of 40,000 miles after you make $1,000 in purchases in the first 90 days from account opening. This is double the previous bonus of only 20,000 miles. 40,000 bonus miles is redeemable towards $400 in cash credit towards any travel purchase, plus 4,000 miles rebated back. Details below.
Rewards Structure: 2.22% Cash Back Towards Any Travel
With this card, you earn 2 miles per $1 spent on all purchases; no special categories. These miles (easier to think of them as points, really) are then redeemable towards travel booked from any merchant or retailer classified as Airlines, Travel Agencies & Tour Operators, Hotels, Motels & Resorts, Cruise Lines, Passenger Railways and Car Rental Agencies.
On top of that, the card gives you a 10% miles rebate when you redeem for travel. So in that 40,000 redemption example above, you would actually get you 4,000 back for a net cost of 36,000 miles. Getting $400 of value out of 36,000 miles at 2X miles/$ spent works out to 2.22% cash back towards any travel. That is very high in terms of easy conversion to cash value.
Other Card Highlights
- Free subscription to TripIt Pro mobile travel organizer ($49 annual value), which tracks your itineraries, tracks miles balances, and notifies you of airfare price-drop refunds.
- Complimentary FICO Scores as a benefit to active cardmembers. Opt-in to have instant and convenient access to FICO Scores from your Barclaycard online account.
- 0% introductory APR on purchases for the first 12 months after account opening. After that, 14.99% or 18.99%* Variable, based upon your creditworthiness.
- Get 10% miles back when you redeem for travel (i.e. redeem 25,000 miles for travel and get 2,500 miles back)
- Earn 2X miles on all purchases.
- No mileage caps or foreign transaction fees
There is a $89 annual fee that is waived for the first year. Balance that with the $400+ opening bonus + 2.22% cash back the first year, and the ongoing 2.22% cash back past the first year. There is also a Barclaycard Arrival(TM) World MasterCard® with no annual fee that is similar but has a lower 20,000 bonus miles but only 2X miles on travel and dining purchases as opposed to all purchases. I will probably try to downgrade the card to the no annual fee version after a year if I don’t think the 2X miles is working out for me. Barclays does offer instant approval; if you don’t get it call their credit analyst line at 1-866-408-4064.