topic Re: Barclays launches new 1.5% reward card in Credit Cards

Barclays launches new 1.5% reward card

uswala — Wed, 18 Nov 2015 17:01:53 GMT

Barclays have launched a 1.5% Flat Reward Mastercard, with 5% redemption bonus. Plus there is a $100 sign up bonus.

They might score well over CapOne now who do not offer bonus and also do triple pull.

http://www.findmybarclaycard.com/barclaycard-credit-cards/cashforward

(Apologies if already posted here).

Re: Barclays launches new 1.5% reward card

ddemari — Wed, 18 Nov 2015 17:03:15 GMT

I head that is was out there but by invite only. i am a lil tempted to apply haha. but not sure I should poke the barclay bear again soo soon.

Re: Barclays launches new 1.5% reward card

thelethargicage — Wed, 18 Nov 2015 17:05:32 GMT

In befo da lock...

Worthless card. Redemption threshold is too high plus it has a FTF. It's a non-cobranded World MC that reports as Flexible Spend, which I like, but overall it's not worth it.

Re: Barclays launches new 1.5% reward card

uswala — Wed, 18 Nov 2015 17:08:36 GMT

@thelethargicage wrote:
In befo da lock...

Worthless card. Redemption threshold is too high plus it has a FTF. It's a non-cobranded World MC that reports as Flexible Spend, which I like, but overall it's not worth it.

Yup, I did not notice that you need $50 to redeem. That is way to high.

Re: Barclays launches new 1.5% reward card

kdm31091 — Wed, 18 Nov 2015 17:13:53 GMT

A Quicksilver offers the same bonus albeit with a triple pull.

The 50 dollar threshold is ridiculous, although not surprising given that Barclay makes it clear they want to be your main card. Hence the recent arrival+ threshold being raised etc.

The 5 percent bonus is a nice touch but is basically worthless. Even in their example, redeeming over 300 in rewards (which would require a huge amount of dedicated spend to the card) gets you an extra 15 bucks. Which isnt much.

Id skip this.

Re: Barclays launches new 1.5% reward card

Open123 — Wed, 18 Nov 2015 17:19:17 GMT

@thelethargicage wrote:
In befo da lock...

Worthless card. Redemption threshold is too high plus it has a FTF. It's a non-cobranded World MC that reports as Flexible Spend, which I like, but overall it's not worth it.

LOL...Ah, from Barclays perspective, this is definitely not FSR!

Re: Barclays launches new 1.5% reward card

yfan — Wed, 18 Nov 2015 17:21:00 GMT

The QS is a much better card overall, IMO. The 5% redemption bonus doesn't make up for a $50 redemption threshold and a 3% FTF. If you want immediate, no hassle redemption and don't want to worry about paying FTF, you go for the QS.

But if the 5% redemption bonus is worth it to you to suffer through the disadvantages because it's the pure rewards that you are after, then get a Citi Double Cash, which easily outpaces this card in rewards.

Re: Barclays launches new 1.5% reward card

ddemari — Wed, 18 Nov 2015 17:33:46 GMT

I agree, I am staying away from it. QuickSilver Visa is a much better option. I dont like that this card has the foreign transaction fee

Re: Barclays launches new 1.5% reward card

creditguy — Wed, 18 Nov 2015 17:35:29 GMT

Not attractive enough to do business with Barclays. The QS is just too easy to use and redeem and has been generous with CLI's, I don't see Barclays being as generous and easy to redeem so I'd pass. But I'm sure it fits someone's profile.

Re: Barclays launches new 1.5% reward card

barthooper — Wed, 18 Nov 2015 17:37:56 GMT

@uswala wrote:
@thelethargicage wrote:
In befo da lock...

Worthless card. Redemption threshold is too high plus it has a FTF. It's a non-cobranded World MC that reports as Flexible Spend, which I like, but overall it's not worth it.
Yup, I did not notice that you need $50 to redeem. That is way to high.

Something I didn't notice before is that you can redeem to your bank account, as stated in the fine print:

You have the option to redeem your cash rewards for a deposit to your checking or savings account, a statement credit or for gift cards. Cash rewards redemptions start at $50.00.

This might mean that in order to redeem to your bank account the minimum is $50, but since a statement credit is not considered a cash reward, there is no minimum redemption?

Re: Barclays launches new 1.5% reward card

yfan — Wed, 18 Nov 2015 17:41:30 GMT

@barthooper wrote:
Something I didn't notice before is that you can redeem to your bank account, as stated in the fine print:

You have the option to redeem your cash rewards for a deposit to your checking or savings account, a statement credit or for gift cards. Cash rewards redemptions start at $50.00.

This might mean that in order to redeem to your bank account the minimum is $50, but since a statement credit is not considered a cash reward, there is no minimum redemption?

No, if you look at the language, it says that "cash rewards" - which is the form of rewards this card awards - can be redeemed in a number of ways, including a deposit to your bank account or a statement credit. And the "cash rewards" redemption threshold is $50. Seems pretty clear to me that the threshold is independent of the method of redemption.

Re: Barclays launches new 1.5% reward card

Anonymous — Wed, 18 Nov 2015 17:44:15 GMT

I JUST REALLY WANT BARCLAYS TO HIRE A BETTER GRAPHIC DESIGNER.

Their cards are all so fug. The only exception is the Aviator, IMHO.

Re: Barclays launches new 1.5% reward card

celluloid17 — Wed, 18 Nov 2015 18:00:15 GMT

This card is pretty much inferior to both Quicksilver and Double Cash. There's just nothing to get excited about over this offering. I think even a non credit savvy person would know that there are better options out there (Quicksilver and Double Cash advertise like crazy on television, so they're not exactly obscure products). Barclays really missed the mark on this one and all they would need to do to improve it is lower the redemption amount and drop the FTF.

Re: Barclays launches new 1.5% reward card

Anonymous — Wed, 18 Nov 2015 18:02:55 GMT

Personally it would work for me because I can't get a Citibank Card I already have 12000 of exposure with Barclays. Maybe I can convert my 9 year old juniper Card

Re: Barclays launches new 1.5% reward card

DeeBee78 — Wed, 18 Nov 2015 18:14:25 GMT

@Anonymous wrote:
I JUST REALLY WANT BARCLAYS TO HIRE A BETTER GRAPHIC DESIGNER.

Their cards are all so fug. The only exception is the Aviator, IMHO.

Their co-branded cards are fairly nice looking. Apple Rewards, Williams-Sonoma, Hawaiian Airlines, and the NFL cards.

Re: Barclays launches new 1.5% reward card

CreditCuriosity — Wed, 18 Nov 2015 18:21:45 GMT

$50 dollar threshold kinda sucks but 100$ bonus for 500 spend is good and only a TU pull

Re: Barclays launches new 1.5% reward card

Anonymous — Wed, 18 Nov 2015 18:25:32 GMT

@Anonymous wrote:
I JUST REALLY WANT BARCLAYS TO HIRE A BETTER GRAPHIC DESIGNER.

Their cards are all so fug. The only exception is the Aviator, IMHO.

The NFL card is beautiful.

Re: Barclays launches new 1.5% reward card

CreditCuriosity — Wed, 18 Nov 2015 18:26:43 GMT

@Anonymous wrote:
@Anonymous wrote:
I JUST REALLY WANT BARCLAYS TO HIRE A BETTER GRAPHIC DESIGNER.

Their cards are all so fug. The only exception is the Aviator, IMHO.
The NFL card is beautiful.

although Seahawks suck this year .. Go Cardinals!

Re: Barclays launches new 1.5% reward card

Anonymous — Wed, 18 Nov 2015 18:28:30 GMT

Yeah, it hasn't been a fun year. That's okay. After years of suffering, they finally gave me a Super Bowl.

Re: Barclays launches new 1.5% reward card

happypill — Wed, 18 Nov 2015 18:29:23 GMT

It's interesting on the Barclay's internal list of cards, this new CashForward card is listed as "Excellent" credit needed, but the Arrival+ which is their WEMC is listed as "Excellent/Good".

I actually don't mind the higher redemption limit when compared with the QS and I do like the 5% bonus - these are factors that make this card more attractive to people with higher spend I think. The one concern I have is that Barclays is far more stingy when it comes to CL when compared with Capital One, and if they want to attract heavy users, they really need to up their game there. Of course, people who really are heavy users have options out there better than 1.5% + 5% bonus.