Barclays is one of the largest banks in the United Kingdom and offers a variety of credit cards with different benefits. Recently, the bank announced changes to some of its credit card benefits that will take effect later this year. Here’s what you need to know about the changes!
Barclays is making changes to some of its credit card benefits
Barclays is making changes to some of its credit card benefits, and cardholders may not be too happy about it. The bank is reducing the rewards for some of its cards and changing the way points are earned.
Some of the most popular Barclays credit cards are the AAdvantage Aviator Red World Elite Mastercard, the Barclaycard Arrival Plus World Elite Mastercard, and the Barclaycard CashForward World Mastercard. All three of these cards will be affected by the changes.
The AAdvantage Aviator Red World Elite Mastercard will no longer earn 2 miles per dollar spent on all purchases. Instead, cardholders will only earn 1 mile per dollar spent on purchases made with American Airlines. This change takes effect on August 1, 2018.
The Barclaycard Arrival Plus World Elite Mastercard will no longer earn 2X points on all purchases. Instead, cardholders will only earn 1X point on all purchases. This change takes effect on September 1, 2018.
The Barclaycard CashForward World Mastercard will no longer earn 1.5% cash back on all purchases. Instead, cardholders will only earn 1% cash back on all purchases. This change takes
The new benefits include more points for travel and dining purchases
If you’re a Barclays credit cardholder, you may have noticed some changes to your benefits recently. The bank is making some enhancements to its rewards program, including more points for travel and dining purchases.
This is great news for anyone who likes to use their credit card for these types of expenses. With more points being awarded, it’s easier to earn rewards and save money on future travel and dining purchases.
Of course, Barclay’s isn’t the only bank making changes to its credit card benefits. Many banks are constantly tweaking their programs in order to stay competitive. So if you’re not happy with your current credit card benefits, it’s worth shopping around to see what else is out there.
But whether you’re a Barclays customer or not, these changes are sure to make earning rewards on your credit card more rewarding than ever before.
Other changes include a new minimum spending requirement and an annual fee
Barclays is making some changes to its credit card benefits, including a new minimum spending requirement and an annual fee. This is part of the bank’s efforts to improve its financial health and better compete with other card issuers.
The new minimum spending requirement will be $5,000 per year, and the annual fee will be $95. These changes will take effect on January 1, 2020.
Barclays says that the changes are necessary to align its cards with industry norms and to continue offering competitive benefits. The company also notes that the new annual fee is still lower than the average of $118 charged by other issuers.
What do you think of these changes? Are they fair or unfair? Let us know in the comments below!
How to decide if the changes are right for you?
If you’re a Barclays credit cardholder, you may have recently received notice of some changes to your benefits. While some of these changes may be positive, others may not be what you’re looking for. So how do you decide if the changes are right for you?
Here’s a quick rundown of the most notable changes:
– Earnings on travel and dining purchases will now be capped at $500 per month. Previously, there was no limit.
– The $100 annual travel credit will now be divided into two halves, to be used for travel booked through Barclaycard’s travel portal.
– The fee for foreign transactions is increasing from 3% to 5%.
These are just a few of the changes that have been announced. You can read more about them on Barclays’ website.
Now that you know what’s changing, it’s time to decide if these changes are right for you. If you frequently use your Barclays credit card for travel and dining purchases, the new limits may not work well for you. On the other hand, if you don’t spend much in those categories, the changes could actually save you money.
The same goes for the new foreign transaction fee
Conclusion
It’s always disappointing when a bank or credit card issuer makes changes to their benefits and perks, but it’s something we have to deal with from time to time. In the case of Barclays, they are making some changes to their credit card benefits that will no doubt be frustrating for some customers. However, Barclays is still offering some great benefits with their credit cards, so customers shouldn’t feel too disappointed. Hopefully these changes won’t be too drastic and customers will still be able to enjoy the benefits of being a Barclays credit cardholder.