Are you looking for a new credit card that provides travel rewards? If so, you’ve got tons of offers to sort through. However, as you search, it’s important to get into the fine print details and really understand the card that you finally decide to apply for. Today, we’re going to take a look at the Barclaycard Arrival World MasterCard to see how it stacks up. Hopefully, this will help you along your search.
When searching for credit cards, I always advise looking at interest rates first. That’s because if you are going to hold a balance on the card from month to month, there will be no fees that outweigh your interest rate. That being said, the Barclaycard Arrival World MasterCard comes with a competitive rate that will range from 14.99% to 18.99% depending on your creditworthiness. However, before you find yourself paying interest, you’ll be able to enjoy a full year of 0%. If you want to avoid interest all together, make sure to pay your balance off completely within 23 days and you’ll fall within the grace period.
Unfortunately, interest isn’t the only fee you’ll find yourself paying to use credit cards. The truth is, each offer, including this one will come with it’s own unique list of fees that will be charged to you should you decide to use the card. The most important of these fees to pay attention to when it comes to travel rewards credit cards is the annual fee. With the Barclaycard Arrival World MasterCard, there are two options. Either you can choose an option that has no annual fee at all, or there’s another option that offers higher reward values with an $89 annual fee.
What Is The Difference In The Options?
The main difference lies in how points are accumulated. With the no annual fee option, you will only be able to earn 1 point per dollar spent. However, if you decide to pay the annual fee, you have the opportunity to earn 2 points per dollar. There’s also a huge increase in the initial purchase bonus for those who decide to pay the fee. If you decide on the option with the annual fee, you can earn 40,000 points by spending $1,000 or more in the first 3 months. However, if you choose the option with no annual fee, that bonus drops to 10,000 points.
More About The Barclaycard Arrival World MasterCard Rewards Program
When it comes to rewards programs, there is usually a dollar amount that each point is worth. With this card, each point you earn is worth one penny. So, when you do the math, it’s easy to see that if you decide not to pay the fee, you’ll be earning 1% back as rewards value. However, if you decide to pay the $89 annual fee, you’ll earn 2% reward value back. Also, when you redeem for travel, you earn an extra 10% bringing the rewards value to 1.1% for those who pay no annual fee and 2.2% for those who pay the fee. At 2.2% rewards the Barclaycard Arrival World MasterCard offers one of the highest possible returns on rewards cards out there.
What About The Lender?
As you know, when you apply for and are approved for a credit card, you’re not just opening a financial account. Instead, you’re starting a financial relationship. That relationship will either benefit or harm your current and future financial positions. That being said, you want to make sure that you start the relationship with a lender that is worth your time and money. When it comes to Barclaycard, they are a relatively new credit card lender in the US. However, they aren’t necessarily new to credit card lending. The company is a UK founded lender that has been providing exceptional services to customers since 1966. When it comes down to it, their experience in assisting consumers and ability to continue to provide exceptional services makes them one of the better lenders to work with these days.
Overall Impressions of the Barclaycard Arrival World MasterCard
Overall, the Barclaycard Arrival World MasterCard is a great option for anyone looking for travel rewards. It offers incredibly competitive pricing, great promotional rates, some of the highest value rewards points in the industry, and exceptional customer service. If you’re looking for a travel rewards credit card, make sure to look into this option!