First of all, I’d like to apologize for not posting in a while – I’ve been on deployment with predictably slow internet. Thankfully, BG Goddard has been knocking out the posts. Since I’m home for a while, it’s time I get back into the saddle!
I’ve got a ton of reviews upcoming over the next month or so, but before I get to any of those, I thought I’d come at you with a huge credit card deal, one that you should jump on before it no longer works.
I’d like to preface this post with some discussion about how credit card companies implement their SCRA (Servicemember’s Civil Relief Act) policies. Almost all credit card companies will waive annual fees on credit cards when you’re active duty, if you had the card before you became active duty, US Bank being the conspicuous exception to that. Chase, Citi, American Express, Barclaycard, Capital One, Discover and Bank of America will waive those fees for all previously held cards. Two companies that I know of, American Express and Barclaycard, will waive those annual fees even if you didn’t get the card until after you were already Active Duty. The latter company is the one I’m writing to you about today.
Barclaycard has for a long time had available the Black Card, a pathetic excuse for a high-end card, given that it’s benefits were clearly not as good as either the Amex Plat or the Citi Prestige, among others, with a similar annual fee, $495. However, within the past year, they’ve come out with two other pretentiously named “luxury cards”, the Titanium card and the Gold card.
To broaden interest, they’ve positioned the Titanium card below the Black card, with a 10k point bonus and $195 annual fee, and the Gold card above it, with a 50k point bonus but an astounding $995 annual fee! What, might you ask, is the valuation of the points? Well, each point is worth two cents when redeemed for airfare. So, 50k could be redeemed for a $1000 plane ticket. Or, as Doctor of Credit reminded me, “You don’t need to apply the credit towards airfare, points are worth 2c when redeeming for statement credit with the gold card”. That totally makes up for the annual fee right?
Well, my news to you today is that Barclaycard waives this enormous annual fee as long as you’re active duty, and you didn’t have to have the card previously! I’ve confirmed this myself, by applying for and getting accepted, then asking to be transferred to the military benefits department. Also, Doctor of Credit, Derp Report, and Reddit churning have all confirmed it as well (hat-tip to all of them for inspiring me to apply).
This is huge! Up to $1k in airfare reimbursed! In addition, you get $200 towards airline purchases separately, and $100 towards global entry application, in addition to other benefits. Also, Derp Report has confirmed that the $200 airline credit can be used directly for airfare, and not on gift cards or registry or anything else.
It’s a $3k minimum spend within 3 months, which is doable, although tougher now that there is essentially no easy manufactured spend.
I say go for it if you can meet the minimum spend, as it’s up to $1200 in reimbursed airfare!