Priceline Credit Card Review — Don’t Apply Without Reading!

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Priceline Credit Card Review — Don’t Apply Without Reading!

Postby CreditCardGuru » Thu Nov 14, 2013 8:58 am

William Shatner might make the Priceline credit card look cute, but here’s what’s really behind the Priceline Rewards Visa card…

luggage next to naughty dog
Previously, this was one of the best cards for travel because it gave 2x points on everything - worth 2%! And even higher rewards for purchases on their website. But that came to an end during 2013. Now we're left with this...

Priceline Visa Card Review for 2013
Issued by Barclays, I haven't seen this advertised anywhere except on Priceline.com. This offer is not nearly as spicy as before:
  • 1x point on normal purchases
  • 5x points on "eligible" Priceline.com purchases (excludes cruise bookings, non-Name Your Own Price car reservations, and hotel reservations designated as Pay When You Stay).
  • Redeem points for statement credits at a rate of 1 point = 1 cent.
This is a lot worse than the Priceline card of the past, because now for all purchases outside of their website you're basically just earning 1%.

That's why as an alternative right now, I'm recommending the Arrival Card. It gives rewards worth 2.2% on every purchase (2 miles per dollar + 10% of your miles back to use again = 2.2% rebate)

What are the signup promotions/offers? Nothing too exciting - 5,000 points which is equal to $50 cash back. I've reviewed the Priceline credit card multiple times and don't recall the bonus ever being very high (maybe up to $100). Sometimes they offer a 0% introductory rate on balance transfers too.

How are much are the Priceline reward points worth? The credit card application on the website doesn't do a good job discussing the value of the points. However I did some digging around and the points can be used like basically like cash (statement credits) at penny per point conversion. I can't find any evidence - online or from talking with customer service - that the points are ever worth more than that, unfortunately.

How do you use your Priceline reward points? They can be redeemed for past purchases of $25 or more (so that means the minimum is 2,500 for cashing out). What's interesting is that it appears the points can be used on any purchase (not just Priceline purchases) which obviously makes this a very versatile program.

What are the benefits that come with the credit card? Well they don't talk about it much but a Priceline Visa Signature card is pictured, so that means you would be getting Visa Signature benefits. That would also mean it has no preset credit limit and instead, purchases are approved (or denied) on a case-by-case basis depending on your spending patterns.

What's the interest rate? The application listed 14.99% or 21.99%. The one given depends upon the applicants credit score/history.

What are the requirements? It's tough to say because I haven't heard any recent feedback from people who have applied but my guess would be a FICO score of 700 and up would probably be approved.

Should you apply or not?
I must say, I'm disappointed that Barclays demoted the rewards on it. The 5x points on some of their website purchases is nice, but honestly, out of all your spending what percentage will those equal?

Since it only gives 1% on everything else and a measly $50 bonus, the only situation I can recommend it for is if you plan on using it exclusively on their website and no where else. If you travel a lot and book all of your trips through them, then it might be worth getting just for that reason.

Conclusion: This is what my old review from 10 months ago said:
The Priceline Visa card is now definitely worth considering. I know they've changed the credit card program quite a bit over the years so it will be interesting to see if they are able to keep such a generous program viable in the long run. However the 2x points on everything else makes it one of the best credit card deals around, in terms of cash back value, for now at least. But I don't think it will last long.
This is a time when I wish my prediction would have been wrong! The Priceline credit card with 2% cash back is history, or at least, the application is no longer offered to new applicants (it's unclear whether all of the existing cardholders have been converted to the new rewards program yet). My guess is that Priceline probably launched that temporarily uber-generous rewards system to drum up some publicity for their credit card (and it worked, because forums and blogs were buzzing about it). Now that it's gone, look elsewhere.

Other travel credit card offers?
There are only two offers that give 2% rewards on everything - the one mentioned above and the Capital One Venture. Stick with one of those for all your other purchases. Reviews/comments posted on this site about the Barclays Priceline.com card being watered down are plentiful. Hopefully one day they will revamp the program, yet again, and bring it back to its glory days.


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