What's Barclaycard up to?

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PhillyPhoto
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Re: What's Barclaycard up to?

Postby PhillyPhoto » Mon Jul 18, 2016 10:54 am

CarefulBuilder14 wrote:It wasn't too shocking when Barclaycard closed the 5% Sallie Mae to new apps.


What did they close exactly? I found this app on SallieMae.com that show's 5% and goes to an active application. I also found this app on barclaycardus.com that show's a 10% cash-back offer. I have no desire for another card right now, but 10% is pretty nice.

Although, I couldn't find how the 10% is defined in the terms. All it has for a description is:

5% CASH BACK when you make eligible purchases at Upromise.com
+
5% CASH BACK when you pay for those purchases with this card


So, I guess just having the card and buying through upromise.com gives you 5% cash back, regardless of what card was used? Another thing it talks about is how department stores can be 6% by 2% base and 4% bonus, so wouldn't that mean you could get 11% cash back at retailers through upromise?
Main Cards:
Amex: Surpass
Chase: Hyatt

Sock drawer Cards:
Amex: HHonors, MB Plat
Chase: Amazon.com Rewards, Freedom
Citi: Macy's Amex, Simplicity, ThankYou
Citizens Bank: Cash Back Plus World
Discover: it
Elan: Bank Rewards
Synchrony: PayPal Extras

755 Eq (12/16)|748 TU (12/16)|726 Ex (1/17)


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CarefulBuilder14
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Re: What's Barclaycard up to?

Postby CarefulBuilder14 » Mon Jul 18, 2016 12:18 pm

There were once two Sallie Mae cards available: Upromise and Rewards.

Rewards is the more popular one among credit enthusiasts, but applying became more complicated in Sept 2015, with apps closing completely a few weeks later. It gives 5% cash back on the first $250 of groceries, $250 of gas, and $750 of books (including Amazon gift cards) each statement period. Grandfathered cards (of which there are many on here and MF) are still functional and generally popular among those who have one. I like mine. It's a very simple rewards program without hoops to jump through.

Upromise can earn 5% or 10% on some things, but with big caveats. The "participating restaurants" where you might earn 5% are Rewards Network restaurants, so getting 5% cash means no hotel or airline points. The 5% online travel partners might not give you their best rate. The 10% on online shopping is at merchants that often participate in other portals.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

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Re: What's Barclaycard up to?

Postby kdm31091 » Tue Jul 19, 2016 7:17 am

The old Sallie Mae rewards card was a very straightforward card that paid 5% on groceries/gas/bookstores (which includes most Amazon purchases, though I'm sure this wasn't the intent). Unfortunately, because it was so straightforward, I'm sure they lost a lot of money on it, hence the app for it was taken down. As of now, existing cards still work, but I imagine that will eventually change and they will be converted to something else.

As for the Upromise card, yes, you can earn 5% or 10% but it is surely not automatic. You must click through the portal before shopping on a specific site and then a few weeks or months later you theoretically get the cash back. If you are not a patient type of person I wouldn't bother with the Upromise card. It is very slow to pay out. I had one and got rid of it. I still use the Upromise portal itself occasionally, which you can do with any credit card, but I found the increased earnings took so long to pay out that it just wasn't worthwhile. You can get 5% or more on some restaurants with Upromise but it sounds better than it really is; it doesn't include ALL restaurants, just a small selection.

Presumably, the Upromise card is much "safer" for Barclay because you have to figure plenty of people don't use the portal, forget to click it, never claim the money, etc, etc whereas with Sallie it was paid instantly. Also the Upromise shopping portal wouldn't really be an everyday expense for most people compared to gas/groceries.

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Vattené
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Re: What's Barclaycard up to?

Postby Vattené » Tue Jul 19, 2016 2:20 pm

The Upromise program is a bigger joke than Plenti IMO. Of course it could be different for others, but I don't do much online shopping so maybe it is worthwhile for some that like ordering more online. I've yet to find anything through either the Upromise or Plenti portals that weren't better than Discover Deals. There are zero restaurants around me that participate in the Upromise program. The Upromise credit card that's still open would be useless to me; I put up with the Upromise program while I can still get great rewards on little spending through the Sallie Mae Rewards card previously mentioned and now closed to new applicants. I can't imagine trying to keep track of rewards earned through the Upromise program.

The only reason I'm in the Upromise program is it's a necessary middleman to be able to cash out my Barclay's Sallie Mae rewards. It literally takes 2-3 months to go from Barclay rewards to Upromise account to the savings account. I've only redeemed twice, both in the $25 minimum, just to make sure the rewards go through to the savings account without a hitch. Once the next savings account statement cuts, I'm going to cash out all rewards - no use keeping them in a rewards program that's sure to be nerfed soon - and I'll earn rewards on the card while I still can. I expect I'll earn over $25 before I see them show up in the savings account.
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

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CarefulBuilder14
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Re: What's Barclaycard up to?

Postby CarefulBuilder14 » Tue Jul 19, 2016 5:10 pm

Vattené wrote:The Upromise program is a bigger joke than Plenti IMO. Of course it could be different for others, but I don't do much online shopping so maybe it is worthwhile for some that like ordering more online. I've yet to find anything through either the Upromise or Plenti portals that weren't better than Discover Deals. There are zero restaurants around me that participate in the Upromise program. The Upromise credit card that's still open would be useless to me; I put up with the Upromise program while I can still get great rewards on little spending through the Sallie Mae Rewards card previously mentioned and now closed to new applicants. I can't imagine trying to keep track of rewards earned through the Upromise program.

The only reason I'm in the Upromise program is it's a necessary middleman to be able to cash out my Barclay's Sallie Mae rewards. It literally takes 2-3 months to go from Barclay rewards to Upromise account to the savings account. I've only redeemed twice, both in the $25 minimum, just to make sure the rewards go through to the savings account without a hitch. Once the next savings account statement cuts, I'm going to cash out all rewards - no use keeping them in a rewards program that's sure to be nerfed soon - and I'll earn rewards on the card while I still can. I expect I'll earn over $25 before I see them show up in the savings account.

I've always just taken statement credits for Sallie Mae. Were you and your wife going for the 10% bonus (making it a 5.5% card) I've heard about?
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

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Vattené
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Re: What's Barclaycard up to?

Postby Vattené » Wed Jul 20, 2016 11:08 am

I was going to, but I won't be able to now. I'm probably overly cautious with this, but I wanted to make sure the rewards got transferred to the savings account and I received a statement showing the funds were in the account before I redeemed any more rewards. I'm glad I did now just because after you cash out with Barclay they spend so long in limbo before actually showing up anywhere. Because it takes so long for the entire process, I wont' be able to meet the terms of either the 10% reward match or $10 annual bonus. Maybe next year it will be possible, and I think I can get the $100 loyalty bonus after three years assuming they keep those terms. I like building up rewards to use for something (even cash rewards), and I'd rather have them sitting in an insured savings account (plus earn a little bit of interest) than build up for a big statement credit in a points program for a card whose demise is eminent.

I've got a lot more cash back sitting with Discover. While I do trust them more, I should get that into a savings account, too. I'm hesitant to open a Discover savings account because I'd like to get a bonus offer. My understanding is they're only eligible to new customers, and I can't currently do $15,000.
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

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Re: What's Barclaycard up to?

Postby BeauDez » Mon Aug 01, 2016 7:53 pm

Barclaycard Ring is open for applications. I was approved for one tonight. I already have Chase Freedom and just gor a DiscoverIT. I'll use which ever has the best cash back rewards based on their quarterly categories. I wanted Ring for the low interest rate, for purchases I may need to spread out over a few months. I generally pay my CCs in full, but occasionally I will make a bigger purchase on a CC and pay it off in 2-4 months. (I don't buy anything I can't pay off in 4 months or less and this is a rare thing in general, but I enjoy having the option).

I'll find a small monthly bill to put on this card and pay in full each month, just to stay active with it, but it basically is just a back up card and additional total available credit that will likely get little use.

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CarefulBuilder14
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Re: What's Barclaycard up to?

Postby CarefulBuilder14 » Thu Aug 04, 2016 1:24 pm

The link for Arrival+ through the CK mobile website appears to be active. I've not tried applying, but it doesn't give the "check back later to apply" message on the green button.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

Nixon
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Re: What's Barclaycard up to?

Postby Nixon » Thu Aug 04, 2016 8:18 pm

CarefulBuilder14 wrote:The link for Arrival+ through the CK mobile website appears to be active. I've not tried applying, but it doesn't give the "check back later to apply" message on the green button.

Don't tempt me dude.

If only TU hadn't reinserted inquiries. Those f*ers.
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saba
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Re: What's Barclaycard up to?

Postby saba » Sat Aug 06, 2016 11:06 am

Probably reconfiguring their whole card lineup. It happens.



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