Barclaycard Arrival Plus Retention Offer
Most of the best rewards credit cards have annual fees. Some like my Chase Ink Plus are a no-brainer when it comes to renewal time, while others like say a Barclaycard Arrival+ probably aren’t keepers in my opinion, especially after all of the changes they made to the card.
Still, I always try to pursue retention offers that entice me to keep a card. My Arrival+ annual fee will be charged in the next month or so and it isn’t quite time to call retention yet, however I don’t have to. The bank sent me a proactive retention offer.
Your Barclaycard Arrival Plus™ MasterCard® account anniversary will be here soon! To thank you for being a cardmember, we’re giving you a special opportunity to earn even more miles.
Earn 5,000 bonus miles when you spend $750 or more in new purchases with your card each month in January, February and March.
Best of all, this is in addition to the 2X miles you already earn for using your card for all your purchases.
This offer is similar to an offer that Aviator Red cardholders have received, although it specifically mentions the cardmember anniversary as the reason for receiving the offer.
This offer gives 5,000 miles which equates to $52.50 when cashed in including the 5% redemption bonus. If I paid the $89 annual fee then I would still be in the hole $36.50. Also, Arrival+ miles aren’t the easiest to redeem now that you have to redeem towards travel expenses of $100 or more. For straight cash the miles are only worth half.
I think this is a brilliant offer for the bank since it entices you to keep the card past the anniversary date and spend on it for three months in a row. Bank studies have shown that having and using a card regularly will change your patterns and build brand loyalty. For me even at a $36.50 annual cost I will probably have to pass since I earn 2.625% cashback on a no annual fee card. Of course, if they offer a retention deal when I call to cancel, I’ll be all ears.
Have you received a proactive retention offer from Barclaycard or another bank? Share the details in the comments!