New card: Barclaycard CashForward

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CarefulBuilder14
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Re: New card: Barclaycard CashForward

Postby CarefulBuilder14 » Wed Oct 21, 2015 11:34 pm

Nixon wrote:Actually, It looks like this card will be marketed to just those whom I was thinking of. Ring cardholders who want rewards. 14.99% APR with similar U/W ain't too shabby TBH. If the rewards post as quickly as with QS then it won't be all bad especially considering Barclaycard routinely sends out mailers for bonus earnings.

People on here and MF often report it when some Barclaycard minibonus comes along, but there are a lot of people who get very little (or nothing) extra and just don't mention it.

ETA: It's the same with BT offers. Some people get great BT offers on Sallie Mae. My Sallie BT terms include a 22.99% APR, no intro 0% period, and a 4% fee!
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when


Nixon
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Re: New card: Barclaycard CashForward

Postby Nixon » Thu Oct 22, 2015 12:21 am

CarefulBuilder14 wrote:
Nixon wrote:Actually, It looks like this card will be marketed to just those whom I was thinking of. Ring cardholders who want rewards. 14.99% APR with similar U/W ain't too shabby TBH. If the rewards post as quickly as with QS then it won't be all bad especially considering Barclaycard routinely sends out mailers for bonus earnings.

People on here and MF often report it when some Barclaycard minibonus comes along, but there are a lot of people who get very little (or nothing) extra and just don't mention it.

ETA: It's the same with BT offers. Some people get great BT offers on Sallie Mae. My Sallie BT terms include a 22.99% APR, no intro 0% period, and a 4% fee!


Sometimes it's out of the clear blue but even before MF I remember getting the occasional offer on my AMEX Blue Sky for addtl spend. Not that my spend was ever by any means low on it. :ppp
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CarefulBuilder14
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Re: New card: Barclaycard CashForward

Postby CarefulBuilder14 » Thu Oct 22, 2015 9:51 am

Nixon wrote:Sometimes it's out of the clear blue but even before MF I remember getting the occasional offer on my AMEX Blue Sky for addtl spend. Not that my spend was ever by any means low on it. :ppp

Well, for a prime card that offers a 1.33% return in the form of $100 travel statement credits, with no bonus categories or no signup bonus (at least now), I can see how a little extra incentive might be necessary.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

kdm31091
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Re: New card: Barclaycard CashForward

Postby kdm31091 » Thu Oct 22, 2015 2:17 pm

I'm not saying the "minibonus" offers aren't a nice gesture but from most of the ones I have seen posted they also never seem very exciting. Recently, someone was boasting they got one for 5x points at (I believe) restaurants, department and toy stores.

Ok, department stores was already covered by their Discover, and fast food dining at least by their cash+. Believe they also had an AARP for 3% on actual restaurants. So we're down to basically toy stores. Now, if you have a family, you may spend plenty of money at toy stores. But for someone who's single or a childless couple it's unlikely to be that exciting of a bonus category.

Again, a nice gesture, but generally the categories are fairly limited and the bonus rewards cap at $25 so nothing earth shattering.

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Re: New card: Barclaycard CashForward

Postby yfan » Thu Oct 22, 2015 5:27 pm

This card is a bad attempt to compete with the QS, IMO. $50 redemption minimum and a 3% FTF? Not... "feeling" it.

Nixon
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Re: New card: Barclaycard CashForward

Postby Nixon » Thu Oct 22, 2015 8:58 pm

kdm31091 wrote:I'm not saying the "minibonus" offers aren't a nice gesture but from most of the ones I have seen posted they also never seem very exciting. Recently, someone was boasting they got one for 5x points at (I believe) restaurants, department and toy stores.

Ok, department stores was already covered by their Discover, and fast food dining at least by their cash+. Believe they also had an AARP for 3% on actual restaurants. So we're down to basically toy stores. Now, if you have a family, you may spend plenty of money at toy stores. But for someone who's single or a childless couple it's unlikely to be that exciting of a bonus category.

Again, a nice gesture, but generally the categories are fairly limited and the bonus rewards cap at $25 so nothing earth shattering.


I'm not saying i'd apply for it. But it's not as bad a card as people are making it out to be.

The $50 redemptions are pretty weaksauce but not a total dealkiller...
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Re: New card: Barclaycard CashForward

Postby kdm31091 » Fri Oct 23, 2015 3:10 pm

Nixon wrote:
kdm31091 wrote:I'm not saying the "minibonus" offers aren't a nice gesture but from most of the ones I have seen posted they also never seem very exciting. Recently, someone was boasting they got one for 5x points at (I believe) restaurants, department and toy stores.

Ok, department stores was already covered by their Discover, and fast food dining at least by their cash+. Believe they also had an AARP for 3% on actual restaurants. So we're down to basically toy stores. Now, if you have a family, you may spend plenty of money at toy stores. But for someone who's single or a childless couple it's unlikely to be that exciting of a bonus category.

Again, a nice gesture, but generally the categories are fairly limited and the bonus rewards cap at $25 so nothing earth shattering.


I'm not saying i'd apply for it. But it's not as bad a card as people are making it out to be.

The $50 redemptions are pretty weaksauce but not a total dealkiller...


Really ,a 50 dollar redemption minimum isn't THAT big of a deal if the card is your "daily driver" and you are putting a fair amount of spend on it. The problem is that there is a literally equivalent alternative in the Quicksilver with no such redemption threshold, and the Barclay card seems to have zero advantage. All of the usual Barclay advantages, such as rewards posting quickly etc, also apply to QS, so there's no reason I can see to consider the Barclay over a QS.

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Re: New card: Barclaycard CashForward

Postby Nixon » Fri Oct 23, 2015 3:29 pm

It's all about choice. If someone prefers dealing with Barclay vs Capital One then this is a good option for them. Options are good.
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Re: New card: Barclaycard CashForward

Postby CarefulBuilder14 » Fri Oct 23, 2015 4:21 pm

It basically comes down to temporarily discounted Uber rides vs. the possibility of getting a spend promo.

Neither company has great customer complaint stats from Socrata (or from anecdotes).
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

kdm31091
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Re: New card: Barclaycard CashForward

Postby kdm31091 » Fri Oct 23, 2015 5:25 pm

Of course, I can fully appreciate not wanting to deal with Capital One. They are generally a PITA to get any request accomplished with, they don't lower APRs permanently very often, etc. Barclay's is a bit more flexible with lowering APR and such over time (though of course it's not guaranteed).

Choices are good indeed and the Barclay card seems like an ok alternative to a QS if you don't care about FTF and will spend enough on it that $50 min redemption isn't a big deal.



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