Posted byon March 6, 2015
Previous article: « Does it Ever Make Sense to Pay Annual Fees on Credit Cards?
Next article: How to Claim College Tax Credits »
The Barclaycard Arrival Plus offer is back! The sign up bonus is for 40,000 miles, which you can redeem for a $400 statement credit. You’ll get an extra bonus on the travel redemption, so it’s really a $440+ offer!
Earning Miles. The Barclaycard Arrival Plus will earn 2x miles per dollar on all purchases.
Redeeming Miles. To redeem your miles, log into you account and select “Pay yourself back for travel” to receive the full value of the offer. Here are step by step directions on How to Redeem Your Barclaycard Miles for Travel. If you do not redeem for travel, cash back statement credit redemptions start at 2,500 miles for $12.50.
10% Bonus. The math on the bonus is very bizarre, but if you redeem for travel, you’ll get a 10% bonus. It’s really a way to increase your cash back with the card. For example, if you make a $400 travel purchase, you can redeem a $400 travel statement credit by redeeming your 40,000 miles and you’ll earn an additional 4000 miles to redeem later (worth another $40). You purchases will then stretch to your overall earnings to 2.2%. If you consider that you could earn another 10% bonus when you redeem the 4000 miles later, the cycle will continue to repeat and your earnings will grow to 2.27%. To see a breakdown of the math, see the Best Way to Maximize Barclaycard Arrival Points for 2.27%.
Intro Rate. 0% Introductory APR for 12 months for each Balance Transfer made within 45 days of account opening.