A few weeks ago, I mentioned that I had applied for a Barclaycard Arrival World MasterCard. As you may recall, this card offers a generous 40k point bonus worth up to $444 plus 2 points per dollar spent.
To qualify for the bonus, you just have to spend $1k with the card in the first 90 days. That a pretty nice return for minimal effort, so I went for it.
We received the card about 10 days ago and have since met the spending threshold. And guess what? Our 40k bonus points were posted along with the transactions that put us over the $1k mark — and I’ve already redeemed a sizable chunk of them.
For starters, here’s a screenshot of our current account balance:
And here’s our updated point balance, including the 40k bonus:
The 42,568 comes from the signup bonus plus 2 x $1,284 = 2,568 points from the spending. After clicking the “Manage Rewards” button, I was greeted with the following, along with options for spending the points.
Since I’m interested in maximizing the value of the bonus points, I decided to redeem a portion of them against a recent travel purchase. In doing so, I’ll get 10% of my points back for future use.
After opting to redeem points against a travel purchase, I was presented with a list of qualifying, travel-related purchases. There was just one choice (so far).
Note that only those transactions within the past 90 days are eligible for redemption. That being said, the points themselves don’t expire. Thus, if the window closes on a particular transaction, you can always use the points against a future transaction.
Once you select a transaction, you’ll be presented with your redemption options.
As you can see, you can redeem your points in chunks of 2,500 for $25 — that a penny a point. In my case, I went for the full 35k even though my purchase was a shade under $350. Yes, I gave up 60 points, but it was close enough not to worry.
And yes, once I completed the transaction, we were credited back 3,500 miles (10% of the total redeemed) for future use.
So, in the end, I pocketed $350 and I have a remaining balance of 11,068 points for future use. Thanks to the 10% carryover, the 40k bonus points are actually worth $444 when redeemed against travel. Pretty nice, huh?
And sure enough… Within a day, our account balance had been adjusted to reflect the $349.40 credit.
If you’re interested, click this link or the button below…