The Barclaycard Arrival Plus World Elite Mastercard just announced its highest signup bonus ever.  Signup now and you’ll receive 70,000 Arrival miles, the equivalent of $700!

Arrival miles don’t work the same as many other premier card reward programs.  Unlike American Express Membership Rewards or Chase Ultimate Rewards, every Arrival mile is worth one cent.  The miles can be used to purchase pretty much any travel related good or service over $100.  This keeps things simple as you don’t have to calculate what the best value for your miles is, but it also means you may not achieve the same value for your points, especially on first class or business class airfare.  It does however mean that this is an ideal card for people who frequently fly economy.

To receive the signup bonus you’ll need to spend $5,000 in the first 90 days, which can seem daunting.  If this is outside of your normal credit card use, consider whether you’d be able to use the card for certain utilities.  Other good ways to meet the requirement include purchasing birthday or holiday presents in advance, paying several months of health insurance in advance, or having friends/family pay you back for purchases via Venmo or a similar payment app.

Every dollar spent on the Barclaycard Arrival Plus World Elite Mastercard will earn you two miles.  Again, the card attempts to simplify things.  There are no categories, no opt-ins.  All purchases are 2x miles.  So, once you meet the $5,000 minimum spend requirement, you’ll already have accumulated 80,000 Arrival miles, or $800 towards any travel purchase!

The Barclaycard Arrival Plus World Elite Mastercard has an $89 annual fee, which is waived for the first year.  It also includes no foreign transaction fee, so you can use it freely wherever you decide to travel.  On top of that, you’ll get a 5% rebate on all redeemed miles, which effectively makes the two cents per dollar spent return a 2.1 cents per dollar return.

Furthermore, unlike other programs, there is no need to plan ahead for your expenditure of Arrival miles.  You have the option to essentially delete any travel purchase in the last 120 days from your billing statement.  Just sign into your online account and apply the miles retroactively!

The Barclaycard Arrival Plus World Elite Mastercard is an excellent card, and it likely makes sense to apply, if only for the $800 in travel you’ll get for signing up and meeting the minimum.  However, be warned, Barclay is fairly strict when it comes to approving applications.  If you already have multiple Barclaycards or if you have recently opened several other cards, your application may be denied.