Arrival Changes Confirmed & Effective Date
A few weeks ago the news broke that Barclay’s was making significant changes to their Arrival Plus card. They held a call with some bloggers (not me) where they detailed the changes and tried to sell them as “enhancements”, but they are pretty much negative across the board.
Last week I wrote an editorial detailing exactly why these changes are a terrible business decision for Barclay’s. Only time will tell if I am right, but the new Arrival era begins today. Up until now the company has not publicly acknowledged the changes, but they have officially updated their website and opened the card up to new applications with the new terms.
Confirmation of Changes for Existing Cardholders & Effective Date
They have also started to send out a letter to existing cardholders detailing the changes. Up until now there had been a few dates thrown around as to when the changes will go into effect for existing cardholders. The letter (shown below) confirms all of the changes, the effective date and how they will handle annual fee refunds for people who don’t want to keep the card.
- As is stated at the end of the first paragraph, the changes will become effective on November 17, 2015 for existing cardholders.
- If you would like to reject the changes, you can cancel or change to another card before November 3, 2015 and Barclay’s will refund the unused portion of your annual fee on a prorated basis.
I said all that I had to in my editorial the other day. This is still a great card to churn if you can, since it still comes with a $400+ bonus which is quite valuable. As for its long term value, that has been all but erased!
For those who were awaiting the return of the application, here is a direct link.