The Barclaycard Arrival Plus card is being pulled from the market (not taking new applications) on June 7, 2019. h/t View from the Wing
Barclays Arrival Plus Key Features
Welcome offer: 70,000 points after $5,000 min spend in the first 90 days
Annual fee: $89, waived the first year
Earn an unlimited 2x miles for every purchase
Get 5% miles back to use toward your next redemption, every time you redeem
No foreign transaction fees
Chip and Pin card
Value of Welcome Offer
The Barclays Arrival Plus card has a welcome offer of 70,000 miles after you spend $5,000 within the first 3 months of account opening.
At a minimum, the miles are worth 1 cent per point (CPP) when you redeem them for a travel statement credit toward a qualifying travel purchase.
Value of welcome offer = 70k * 1 CPP = $700
When you redeem miles towards travel, you get 5% miles back to use towards your next redemption.
Towards travel = 70k * 1 CPP * 5% = $735
The return on spend for the welcome offer is 14.7% when you redeem the miles towards travel.
$735 value / $5,000 min spend = 14.7% return on spend
Barclays has an unofficial “6/24 Rule” which states that you are unlikely to be approved for a new Barclays card if you have opened more than 6 credit cards from any card issuer in the past 24 months.
However, your mileage may vary. Some people have been rejected at 4/24, and some have been approved at 6/24.
Editorial Note: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities.
UGC disclosure: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.