Barclaycard Arrival PlusTM World Elite MasterCard – Travel Rewards Credit Card

1

The Barclaycard Arrival PlusTM World Elite MasterCard is simply one of the best travel rewards credit cards available today. You can earn 2 miles for every dollar you spend, get an amazing sign-up bonus worth up to $444, and rewards redemption is simple. The card does have an $89 annual fee, which is waived for the first year.

If you don’t currently have a great travel card or any card offering 2% back on all purchases, this is one to strongly consider.

  • Earn 40,000 bonus miles when you spend $3,000 on purchases in the first 90 days — that’s enough to redeem for a $400 travel statement credit
  • Earn 2X miles on all purchases
  • Miles don’t expire as long as your account is open, active and in good standing
  • Chip card for increased confidence and convenience to pay abroad as easily as you do at home
  • Book the travel you want — airfare, hotels, cruises and more and earn miles on your purchase
  • Get 10% miles back to use toward your next redemption every time you redeem for travel statement credits
  • No foreign transaction fees on anything you buy while in another country
  • Complimentary online FICO® Score access for Barclaycard Arrival cardmembers

Apply for the Barclaycard Arrival PlusTM World Elite MasterCard

2 Miles (2%) Earned on All Purchases

You will earn two (2) miles for each one dollar ($1.00) of all Net Purchases made using your Card.

This is pretty simple. It doesn’t matter if you are buying a plane ticket or paying your electricity bill; you’ll earn 2 miles for every dollar you spend on the card. This makes the Barclaycard Arrival PlusTM World Elite MasterCard a fantastic option for daily purchases. If you have other cards earning 3-6% on certain categories, use them where appropriate and use this card for everything else.

There is no limit to the amount of points you can earn, so you never have to worry about maxing out your benefits.

Get a 10% Bonus After Miles are Redeemed for Travel

You will earn an additional 10% in miles for every “pay for travel” (Airlines, Travel Agencies & Tour Operators, Hotels, Motels & Resorts, Cruise Lines, Passenger Railways and Car Rental Agencies) redemption you make. For example, if you redeem 25,000 miles for travel, we will deposit 2,500 miles in your Rewards bank.

If you redeem your rewards for travel then you will get a 10% bonus to get you started in saving miles for your next redemption. This makes your miles worth 11.11% more.

Why 11.11% and not 10%? Let’s look at an example. If you redeem 10,000 miles for $100 of travel, you’ll get a 1,000 mile bonus worth $10. Then if you redeem those 1,000 miles, you’ll get 100 miles worth $1. Each redemption gives you another 10% back, which makes the benefit 1.11% better than it seems.

As long as you are redeeming your points for travel then you’ll effectively earn 2.22% back on every purchase. That’s one of the highest rates on the rewards credit card market today.

Up to 40,000 Miles ($444.44) Sign-Up Bonus

40,000 bonus miles are earned if you use your new Credit Card Account for $1,000 in Net Purchases within ninety (90) days of your Credit Card Account being opened.

If you spend at least $3,000 on the Barclaycard Arrival PlusTM World Elite MasterCard in the first 90 days of card ownership, you will be rewarded with a 40,000 mile sign-up bonus. This is simply fantastic for a card with a modest annual fee ($89) that is waived for the first year.

This is all or nothing, so if you do apply for this card you have to spend $3,000 in your first three months. If you aren’t planning to spend that much on this card then there’s a good chance this isn’t the right card for you anyway.

Redemption – Statement Credit

You can use your miles to: (a) “pay for travel” (Airlines, Travel Agencies & Tour Operators, Hotels, Motels & Resorts, Cruise Lines, Passenger Railways and Car Rental Agencies) purchases made within the last 90 days as a statement credit, (b) redeem for cash back as a statement credit, (c) redeem for gift cards or (d) redeem for merchandise.

If you redeem your miles as a statement credit on your eligible Barclaycard Arrival PlusTM World Elite MasterCard account, the credit will be posted to your account within five to seven (5-7) business days. Statement credits reduce your account balance but cannot be applied toward any minimum payment and are otherwise subject to the terms and conditions applicable to your Barclaycard Arrival MasterCard account.

One of the best things about the Barclaycard Arrival PlusTM World Elite MasterCard is the fact that you can redeem your miles with a simple statement credit for any purchase. The benefits to this type of redemption are truly outstanding, including the following:

  • No blackout dates
  • Fly on any airline or stay in any hotel you want
  • Ability to shop for the best deal on travel websites or with travel agencies
  • Ability to use coupons or other discounts
  • And much more

When you are locked into a rewards network you can be limited by blackout dates, artificially high prices, and a limited number of companies to purchase from. This card has none of those problems. Redemption is a huge plus for this card.

Finally, while this is a “travel card” you can use your rewards for any non-travel purchase at a rate of 2 miles for 1 cent. This isn’t recommended since the miles lose 50% of their value and you forgo the 10% bonus, but it does provide the options to use your miles for groceries or other credit card expenses.

Free TripIt Pro Subscription ($49 annual value)

Barclaycard will maintain a complimentary TripIt Pro subscription for your account, as long as your account remains open and in good standing. You will receive one (1) subscription per account.

This is not something you see every day with rewards credit cards. TripIt is a free web and mobile app that helps you keep all your travel plans organized and gives you statistics about how many miles you’ve traveled and cities you’ve visited.

The Pro version includes all the features of the free version and can send you flight alerts, help you find a better seat on a plane, and even monitors the fares of flights you’ve purchased to see if the price drops and you can save money. If the price drops by $200 and the airline only charges a $150 change fee, you can change to the new price and effectively get a $50 refund.

I don’t know if the service is worth $49 a year, but since it is free with the Barclaycard Arrival PlusTM World Elite MasterCard it’s a nice benefit.

No Foreign Transaction Fees

Foreign Transaction Fee: 0% of each transaction in U.S. dollars.

Any good travel card should have a “no foreign transaction fees” policy, and this card is no exception. This gives you peace of mind knowing you can travel abroad and not worry about using your credit card.

Free FICO Score

All Barclaycards offer cardholders their FICO score free in their online account. You can view more about how to access the free FICO score here.

Annual Fee – $89 (waived the first year)

No one likes paying an annual fee, but $89 is actually a great deal for this card. When you consider the sign-up bonus is worth at least $400, it will actually take six years before the annual fees outweigh the sign-up bonus.

If you end up not liking the card you can cancel it before the first year is up, never pay the $89 annual fee, and keep the $400 sign-up bonus. Not a bad deal.

Reward Boost Verdict – Barclaycard Arrival PlusTM World Elite MasterCard

The Barclaycard Arrival World MasterCard is simply one of the best travel cards on the market. In fact, even if you don’t travel frequently it is still a great card. Unlimited double miles, fantastic redemption options, and a massive sign-up bonus make this a deal that’s hard to pass up.

If you aren’t earning at least 2% back on all your purchases with the cards you have today, the Barclaycard Arrival World MasterCard could be the card for you.

Apply for the Barclaycard Arrival World MasterCard

Earn Barclaycard Arrival PlusTM World Elite Miles with the Barclaycard Travel Community

0

If you have the Barclaycard Arrival PlusTM World Elite MasterCard, which is one of the most lucrative travel rewards cards on the market, you might be looking for an easy way to earn extra miles.

If you don’t have the Barclaycard Arrival you can read our review or apply for the card.

Luckily if you travel frequently (which you probably do if you have that travel card) then you can easily earn a large number of miles by participating in the Barclaycard Travel Community. If you are unfamiliar with the Barclaycard Travel Community, learn how to sign up here.

Get 500 Miles for Your Profile

The first thing you’ll want to do when you sign up is to complete your profile. This only takes a few minutes and is worth 500 miles, or $5.00 when redeemed for travel on your Barclaycard Arrival.

Here is what needs to be completed to earn your 500 miles, from the Barclaycard Travel Community blog:

You will earn 500 miles for completing a profile and including the following information:

  1. Creating a username
  2. Giving us your email address (so we can tell you how many miles you’ve earned as well as update you on the latest community news; your email address will not be sold)
  3. Selecting at least one travel interest
  4. Selecting at least one travel companion
  5. Selecting at least one travel style
  6. Telling us 5 places you’ve been to

This shouldn’t take more than a few minutes, and it’s a really simple way to earn 500 miles.

Earn at least 200 Miles for each Travel Story

The whole point of the Barclaycard Travel Community is to tell travel stories. All you have to do to write a 50 word description of your vacation and include one unique picture, and you’ll earn 200 miles.

Your story will then be posted for the community to read. If anyone likes your story and gives you kudos (similar to clicking a like button on Facebook), you will earn an additional 10 miles for each kudos you receive.

If you want to maximize your miles on the Barclaycard Travel Community, you should make sure that you take pictures on every vacation you take. Also, if you go to multiple destinations in one trip, you should submit those as separate trips to earn 200 miles for each submission.

Finally, don’t be afraid to give out kudos to people who are submitting good stories. You’ll be helping them earn extra miles, and it’s a nice way to reward people for taking the time to submit a story.

Miles are Updated Daily and Transferred Every Month

If you create your Barclaycard Travel Community profile and submit a story, you’ll see that your profile still shows 0 miles. You might think you’ve done something wrong, but don’t worry. The miles are not updated in real time, but on a daily basis. Check back tomorrow to see how many miles you earned.

Your miles will be totaled at the end of the month, and then all the points you earned in the last month will be added to your account when your statement cycles.

Again, this is not instantaneous. You have to be patient, but the miles will show up eventually.

The Barclaycard Travel Community is a great way to earn extra miles for the Barclaycard Arrival PlusTM World Elite MasterCard. If you don’t have the card, you can read our review or apply for the card now.

How to Get Your Free FICO Score with your Barclaycard

2

Did you know that if you have a Barclaycard you are entitled to receive a free FICO score with your credit card account. Any time the FICO score is updated you will receive a notification. It is a great way to track your credit score, especially if you are looking to open a new line of credit.

All Barclaycards are eligible for receiving a free FICO score, so we will walk though how to access the score. If you don’t currently have a Barclaycard, we recommend the Barclaycard Arrival PlusTM World Elite MasterCard, which earns 2 miles per dollar, offers a 10% travel redemption bonus, and currently offers a 40,000 mile ($400) sign-up bonus.

Here are the steps to get your free FICO score:

1. Login to your Barclaycard Account

Your first step is to login to your card account through www.barclaycardus.com as if you were checking your statements or making a payment. If you haven’t registered for an online account yet, you’ll have to create one.

2. Click on the Free FICO Score Banner

Once logged in, you should be able to find a large banner promoting the free FICO score in the bottom right side of your screen. If you don’t see this option, you can also access this feature through the “Tools” link

3. Accept the Terms and Conditions

You will now find yourself on a screen asking you to accept the terms and conditions of the service. This tells you about the service and warns you that anyone with access to your account (username and password) will be able to see your FICO score.

Remember this is a completely free service. By checking the box and accepting the terms, you will NOT be charged a fee for this service.

Barclaycard Free FICO Score - Agreement

4. View Your FICO Score

Once you have accepted the agreement, you can access your free FICO score through the same banner you clicked to find the agreement. Again, you can also go into the “Tools” page and click “Access your score”. This will bring you to a page that looks like this:

Barclaycard Free FICO Score

5. New Cardholders Be Patient

If you have just applied for a new card but haven’t received it in the mail, you will have to be patient. If you try to access the free FICO score immediately after you are approved for a card, you will be greeted with a page like the following:

Barclaycard Free FICO Score - Too Soon

It says that it may take up to 3 weeks for the score to appear. I received my Barclaycard Arrival PlusTM World Elite MasterCard 7 days after my application was approved, and as soon as I activated my cards the score was available for me.

It will also take 3 months before you will be able to see your FICO score history, so again it takes a little patience.

Enjoy your Free FICO Score from Barclays

That’s all it takes to have access to your FICO score at any time with your Barclaycard account. This is a great perk that sets Barclays a bit ahead of other card issuers. If you do not currently have a Barclaycard account, we strongly recommend the Barclaycard Arrival PlusTM World Elite MasterCard. You can read our review of the card here or apply for the card now.

Barclaycard Arrival vs Capital One Venture – Best Travel Rewards Card

0

The Capital One Venture card has been one of the most popular travel rewards credit cards for a few years. Recently Barclays launched the Barclaycard Arrival PlusTM World Elite MasterCard which is similar to the Venture card.

So which one is better? Let’s put them head to head: Barclaycard Arrival PlusTM World Elite vs Capital One Venture

Let’s take a look at how they are similar first.

Barclaycard Arrival PlusTM World Elite and Capital One Venture Similarities

Both the Barclaycard Arrival PlusTM World Elite MasterCard and the Capital One Venture cards are travel rewards cards with a lot of similarities.

  • Both allow cardholders to redeem miles for statement credits, meaning there are no blackout dates or limits to what travel your points can be redeemed for.
  • Both cards earn 2x miles on all purchases.
  • Both cards require cardholders to have excellent credit to be approved.
  • Both cards can be used outside the US without incurring foreign transaction fees.

Finally, both cards offer a “no annual fee” option with reduced rewards. However, we will be focusing on the versions that have an annual fee and better rewards.

These cards are very similar but there are some distinct differences that set them apart.

Barclaycard Arrival PlusTM World Elite vs. Capital One Venture

Overall we find the Barclaycard Arrival PlusTM World Elite MasterCard to be a bit better than the Capital One Venture Visa Signature. Here are some of the ways these cards differ:

  • The Capital One Venture has an annual fee of $59 dollars (waived the first year); the Barclaycard Arrival PlusTM World Elite has an annual fee of $89 (waived the first year)
  • The Barclaycard Arrival PlusTM World Elite has a sign-up bonus of 40,000 miles; the Capital One Venture has a sign-up bonus of 20,000 miles (as of 1/27/14)
  • The Barclaycard Arrival PlusTM World Elite gives a 10% bonus when miles are redeemed for travel; the Capital One Venture does not.
  • Barclaycard Arrival PlusTM World Elite miles can be redeemed for a statement credit for any purchase at a rate of 2 miles for 1 cent; Capital One Venture miles can only be redeemed on travel purchases.

Barclaycard Arrival vs Capital One Venture

The Capital One Venture starts off better with a $30 lower annual fee. However, the Barclaycard Arrival PlusTM World Elite gives a 40,000 mile sign-up bonus, which can be worth up to $440 if those miles are redeemed for travel (earning a 10% bonus). The extra $240 at sign-up make the more expensive annual fee worth it.

The biggest difference comes in redemption. If you redeem the Barclaycard Arrival PlusTM World Elite miles for travel, you earn a 10% bonus. That essentially means you earn up to 2.2% back on all purchases (compared to only 2.0% with the Capital One Venture).

0.2% may not sound like a lot, but for someone who spends $1,500 a month on the card, that comes to an extra $36 in rewards per year. Obviously if you spend more than $1,500 a month, the Barclaycard Arrival PlusTM World Elite becomes even better.

Finally, the Barclaycard Arrival PlusTM World Elite allows you to redeem miles for a statement credit against any purchase at a rate of 2 miles for 1 cent, while the Capital One Venture miles must be redeemed for travel purchases. While this is not a good exchange rate (essentially 1% back on non-travel purchases), this gives the Barclaycard Arrival PlusTM World Elite some  flexibility that isn’t available with the Capital One Venture.

The Barclaycard Arrival PlusTM World Elite Comes Out on Top

While these are both excellent cards, the Barclaycard Arrival is a better overall card than the Capital One Venture for almost any consumer. The larger sign up bonus, 10% travel redemption bonus, and ability to redeem miles for a statement credit for any purchase make the Barclaycard Arrival a clear winner, despite a slightly higher annual fee.

You can apply for the Barclaycard Arrival PlusTM World Elite MasterCard, or if you prefer the lower annual fee you can also apply for the Capital One Venture Visa Signature.

How to Get TripIt Pro Free with the Barclaycard Arrival MasterCard

2

If you have already applied for the Barclaycard Arrival World MasterCard, then you probably want to take advantage of the free TripIt Pro subscription. Here are the steps you need to take in order to claim your free subscription.

If you don’t already have the Barclaycard Arrival MasterCard, it is a great travel rewards card. You can read our review here or apply now.

1. Create a Free TripIt Account (optional, but recommended)

The first step I took was to create a free TripIt account. I wanted to see the free version before deciding if I wanted the Pro version. You do not need to create the free account first, but we recommended it. It is important to know if this is a product you want to use.

If you try the free version and don’t like it then you are better off not signing up for the Pro version. If you ever cancel the Barclaycard Arrival MasterCard you will be on the hook for the $49 annual fee, and you don’t want to pay for something if you don’t use or want it.

1a. Log in to your TripIt Account

If you already have a TripIt account, or you’ve just created one, make sure you are logged into that account. Unfortunately I tried to log in during the middle of the process, and it didn’t work. (it asked me to pay for the membership so I had to start over)

2. Log in to your Barclaycard Account

Log in to access your online account as if you were going to check your transactions, pay your bill, or look at your statements. If you haven’t already set up your online account www.barclaycardus.com, you will need to do that first.

3. Click the TripIt Pro Banner – Activate Now

If you have banner blindness like I do, you might not see the TripIt Pro banner jumping out at you right in the middle of your screen. I couldn’t find it at first glance, but I promise it’s there. Just click on the green activate now button as shown in the picture below:

Barclaycard Arrival TripIt Pro Link

4. Click “Get TripIt Pro”

If you are already logged into your free TripIt account, you will see the screen shown below. It tells you that the $49 fee is complimentary. All you have to do is click the big orange button.

Get TripIt Pro - Signed In

If you didn’t create an account first, you will see a different page with the option to create your new account. Just enter your email address and a password, and you should be able to sign up for an account.

Get TripIt Pro - Create New Account

5. Enjoy TripIt Pro

Once you’ve made it this far, you’ve set up your TripIt Pro account.

Your Barclaycard Arrival MasterCard is not charged anything (because the subscription is free), and will not ever be charged for this subscription. If you do cancel the card, you will have to start paying the $49 annual fee for TripIt Pro.

If you don’t have the Barclaycard Arrival World MasterCard, you can read our review here or apply now.

Priceline Rewards Visa – 5% Back at Priceline.com

0

The Priceline Rewards Visa is a great card for anyone who frequently uses Priceline.com for their travel purchases. Priceline is a great way to find cheap flights, hotels, and rental cars and getting 5% back on all those purchases can make this card a great deal.

  • Earn 5,000 bonus points after your first purchase
  • Earn 5X points on Priceline.com purchases
  • Earn 1 point on everything else
  • Plus, earn an additional 5,000 bonus points after spending $1,000 on qualifying transactions in the first 90 days of account opening
  • Your points can act like cash – Redeem points for statement credits against purchases made on your account
  • No limit to the number of points you can earn
  • Please see terms and conditions for complete details

Apply for the Priceline Rewards Visa

5% Back (5 Points) on Most Priceline Purchases

Earn five (5) points for every dollar spent on all eligible purchases made at priceline.com®. Purchases not eligible will receive one point for every dollar spent using your card which includes: cruise bookings, non-Name Your Own Price® car reservations, and hotel reservations designated as Pay When You Stay.

Most of your shopping on Priceline.com will earn 5 points per dollar, so this is obviously the main benefit for people who frequently use Priceline for their travel needs.

When naming your own price, especially for hotels and car rentals, you can save significant amounts of money. Priceline.com is actually the first place I look when I have to pay cash for a hotel or car rental.

This benefit is great for regular Priceline users, and is even pretty good for the occasional Priceline.com shopper.

1% Back on All Other Purchases

Earn one (1) point for every dollar spent on all other transactions. The following transactions are excluded from “Purchases” and do not earn Rewards unless stated: interest, finance charges, balance transfers, convenience checks, cash advances and credit fees.

While 1% should be expected for any purchase on a rewards card, this card has a slight edge over some others because the points can be redeemed for a statement credit.

1% back is good as long as redemption is easy. With the Priceline Rewards Visa, redemption is definitely easy. See below for more information about redemption.

There is no maximum on the amount of points you can earn, which makes this card a viable option even as a general rewards card for everyday use.

Sign-Up Bonus – Up to $100 (10,000 Points)

Five thousand bonus points (5,000) will be awarded at the close of the first billing statement in which you make your first purchase or balance transfer. An additional 5,000 bonus points will be awarded when you use your card during the first 90 days after account opening for purchases that total $1,000 or greater (that are not later returned, disputed or rescinded).

You get 5,000 points after your first purchase, and another 5,000 if you spend $1,000 over the first 90 days (which is just $333 per month). If you are using the card with any regularity, you should easily earn both tiers of this bonus.

This is one of the better sign up bonuses for a card with no annual fee, so this is a big perk for the Priceline Rewards Visa.

Redemption

You may redeem your points toward statement credits for any purchase(s) on your Account statement that are $25 or greater. To redeem for a $100 statement credit, for example, you must redeem your points towards a purchase of $100 or more.

5,000 bonus points when redeemed for a purchase will be equal to at least $50 in value.

Redemption is simple with the Priceline Rewards Visa. As long as you have at least 2,500 points, you can redeem your points for a statement credit. The only catch is that you have to redeem your points towards one purchase.

You can’t make five separate $5.00 purchases, and then redeem a $25 statement credit. You’ll need to spend at least $25 in one purchase.

This shouldn’t be a problem for most people, but if it is, you have the option of buying a gift card to your favorite store and then redeeming the statement credit for the gift card purchase.

A statement credit is one of the best ways to

Annual Fee – $0

There is no annual fee for this card, which is to be expected for a card offering 1% back on everything and only 5% on one category.

Reward Boost Verdict – Priceline Rewards Visa

This card is pretty simple. If you shop a lot on Priceline.com then this should be in your wallet. If you never shop on Priceline.com you probably don’t need it. If you occasionally shop on Priceline.com then you might want to consider this card because the Sign Up Bonus is pretty good and reward redemption is easy.

At Reward Boost we feel Priceline should be your first stop for hotels and car rentals because of the incredible deals you can get by naming your own price, so the Priceline Rewards Visa is one of our most highly recommended merchant cards.

Apply for the Priceline Rewards Visa

Book the Lowest Category Hotel Possible with Marriott Points

0

Valentine’s Day is going to be extra sweet for me this year because I will be attending my friend’s rehearsal dinner on the 14th and his wedding on the 15th. He is getting married in his fiancee’s hometown of Marshall, TX.

The population of Marshall, TX is only about 23,000. That’s a small town.

Which isn’t always good for hotel prices. Sure it’s cheaper than a big city like New York, but there isn’t a lot of competition in Marshall, so there aren’t any really cheap rooms.

The couple blocked rooms at the Fairfield Inn, which is a Marriott property. I called them to ask what kind of group rate they were giving for wedding guests, and they told me $107 plus tax. I checked on the Marriott website, and it’s actually cheaper to book there:

Fairfield Inn Marshall TX

I knew I didn’t want the group rate, but I also didn’t want to pay over $100 a night for a two night stay in Marshall, TX.

I do have some Marriott points I’ve accumulated through work travel, and though I didn’t have very many I decided to look and see what if I could get a room with my points.

As it turns out, I had enough points for two nights and a whole heck of a lot of points left over. Why?

Because the hotel is a Fairfield Inn in Marshall, TX.

I booked two nights at the Fairfield for 6,000 points each night; the lowest possible redemption amount for any Marriott hotel.

Marriott Category 1 Redemption

Marriott Rewards Are Determined by Hotel Category

If you are looking to use Marriott points for a free room, it really doesn’t matter how much the room normally costs. The only thing that matters is the category of the hotel.

I have seen Courtyard hotels that only cost $69 +tax per night listed as a Category 5 hotel, meaning you’ll need 20,000-25,000 Marriott points per night. Using points for that hotel could mean the value you receive for your redemption is less than 0.2 cents per point.

I was able to book a room that would cost $102 + tax for only 6,000 points per night because it was being offered as a PointSavers Reward. That means my redemption value on my points is close to 2.0 cents per point.

NerdWallet values a Marriott point at 0.84 cents on average, so I’ve more than doubled the value of my points by booking the Fairfield Inn in Marshall, TX.

Book the Lowest Category Possible

If you are looking to maximize your Marriott points, you should always look to book the lowest category hotel possible and look for PointSavers options. If you find a deal where your Marriott points are worth more than 1.5 cents a piece, you’ve found yourself a darn good redemption option.

As of 1/18/2014, you can get a 50,000 point sign-up bonus with the Chase Marriott Reward Premier Visa, which is enough for at least 6 nights in a Category 1 hotel.

Perkstreet Financial is Closing, Rewards Disappear

0

In a sad announcement for many rewards debit card users, Perkstreet Financial has decided to close their doors. This was one of the few checking accounts that offered rewards on debit card purchases, and their closure leaves even fewer rewards options for people who do not have the credit to get approved for a rewards credit card.

Perkstreet Perks Disappear Overnight

Perkstreet released the following statement regarding any rewards customers had saved, but not yet redeemed:

Consistent with the terms of our Rewards Program Agreement, we have discontinued our perks program and cancelled all perks balances as of today, August 12, 2013. Redemptions requested prior to August 12, 2013 will processed in accordance with your request.

If you have a Perkstreet account, you no longer have any rewards. It doesn’t matter if you had $2 or $2,000 worth of rewards saved up; it’s all gone now.

This will understandably make people angry but it is important to note that this is, as Perkstreet said, consistent with their terms and conditions. In fact, it is consistent with the terms and conditions of every rewards program I’ve ever seen.

This may give people second thoughts about saving up large rewards balances for big purchases, like vacations or home improvements. While it is unlikely, Perkstreet has shown that it is possible to lose your rewards in a moment.

If this is something you are concerned about for any other rewards programs you currently have, you may want to redeem your rewards as soon as you have enough for redemption.

Rewards Have Ended but Accounts Remain

Perkstreet banking services were provided by The Bancorp Bank in the past, and it appears they will continue to be provided by the same bank in the future. If you have an account, you can continue to use your debit card, write checks, deposit money, and conduct your banking transactions even after September 26th.

Perkstreet has posted an FAQ on their website for anyone looking for more information.

Other Rewards Debit Cards

Perkstreet was our favorite rewards checking account, and we are very sad to see it go. There aren’t many checking accounts that offer debit card rewards, and we will need some time to research other options before providing a recommendation.

One option is the KeyBank rewards program. We haven’t done a full review of this account yet, but it might be a good place to start for anyone looking to make a change.

Barclaycard Rewards MasterCard – Double Points on Utilities, Groceries and Gas

0

The Barclaycard Rewards MasterCard is the best card on the market for utilities, giving a full 2% back on all utility payments. They also give 2% back on groceries and gas, and 1% everywhere else. Redeeming rewards on this card is straightforward and simple, and this card is one of the best general rewards cards on the market.

  • 2 points per dollars for utilities, groceries, and gas
  • 1 point per dollar on all other purchases
  • 5,000 point ($50) sign-up bonus
  • No annual fee
  • Points easily redeemed for statement credit

Apply for the Barclaycard Rewards MasterCard

2% Back (2 points) on Utilities, Grocery, and Gas

Applicants who are approved for the Barclaycard Rewards MasterCard will receive two (2) points per dollar ($1) in everyday spend categories (gas, grocery and utilities) as defined by merchant category codes and one (1) point per dollar ($1) for all other purchases.

The Barclaycard Rewards MasterCard stands out among many other rewards cards by offering 2% back on utilities. Very few cards offer more than 1% back on utilities, and nobody (that we know of) offers more than 2%. This is as good as it gets when you are paying your cable, internet, cell phone, home phone, electricity, gas, and any other utility bills that can be charged to a credit card.

The best part about increased rewards on utilities is that utilities can represent a huge chunk of your monthly budget. If you spend $150 a month on cable and internet, $100 a month on electricity, $100 a month on gas, and $75 a month on a cell phone, that’s $425 every month, or $5,100 every year. If you earn 2% on all $5,100 then you will get $102 a year. Utilities can be some of our biggest monthly expenses, and this is one of the few cards that earns increased rewards in that category.

One thing to keep in mind as you look to maximize rewards is whether or not your utility companies accept credit card payments. When calculating your potential rewards, obviously they only apply to those utilities that will take a credit card payment without charging a fee.

This card also earns 2% back on groceries and gas, which are two other big spending categories for most people. There are other cards that may offer higher returns in these two categories, but when you combine gas and groceries with the utilities rewards, you have a darn good rewards card.

1% Back (1 point) on All Other Purchases

As mentioned above, all other purchases will earn 1 point, or 1% back. This is standard for most rewards cards. If you carry multiple rewards cards and you have others that earn greater than 1% in other categories, you are better off using those.

Sign Up Bonus – 5,000 points ($50)

Bonus as of 7/14/13

Applicants who are approved for the Barclaycard Rewards MasterCard will receive 5,000 bonus points after the first use of the account for a Balance Transfer or Purchase (that is not later returned or rescinded).

A $50 bonus is pretty good for a card without an annual fee, and the best part about this bonus is how easy it is to earn. All you have to do is make one purchase or make a single balance transfer. If you buy a pack of gum, you earn the bonus.

Some cards require you to spend $1,000 or more on the card within 1-3 months before you are eligible to get the sign-up bonus, and that can be difficult for someone on a budget. There are other cards with larger sign-up bonuses, but none are easier to earn than the 5,000 points on the Barclaycard Rewards MasterCard.

Redemption

The Barclaycard Rewards MasterCard earns points which can be redeemed for a statement credit. When you have earned 2,500 points, they can be redeemed for a $25 statement credit.

This is one of the most simple redemption programs because you don’t have to worry about exchanging points for gift cards or merchandise. A statement credit allows you to use your card to buy whatever you want, anywhere you like to shop, and then your rewards can be applied to your monthly statement.

Annual Fee – $0

There is no annual fee for this card, making it one of the best cards available without an annual fee.

Reward Boost Verdict – Barclaycard Rewards MasterCard

The best features of this card are the 2% back on utilities and easy statement credit redemption options. If you are someone who spends a lot of money on utilities (and groceries and gas) and prefer simple reward redemption options, the Barclaycard Rewards MasterCard could be right up your alley.

We always encourage people to use our Reward Booster to model their spending and find the best rewards card for them, and we expect many people to find this card to be one of the most valuable rewards cards available.

Apply for the Barclaycard Rewards MasterCard

Back to Top Copyright © 2013 - Reward Boost LLC All rights reserved. Designed by Limpid Design, Powered by WordPress.