Barclays is doing one thing new with its Priceline VIP Rewards™ Visa® Card. Going ahead, cardholders may even earn factors on redeeming factors for bookings.
That is an thrilling new characteristic for many who are incomes and redeeming worth factors for bookings Priceline.com. Here is how the modifications will have an effect on cardholders.
Background on the Priceline VIP card
Spending on the Priceline VIP Card earns 5 factors per greenback spent price line 2 factors per greenback on bookings, gasoline and restaurant purchases (together with supply companies) and 1 level per greenback on all different purchases. The cardboard has no annual payment.
Cardholders additionally obtain VIP Gold standing with Priceline, which presents financial savings of as much as 50% on resorts and 20% on automobile leases, with particular offers and coupons not accessible to the general public.
The cardboard consists of free entry to your FICO rating, no overseas transaction charges and the flexibility to earn fee credit towards your TSA Pre-Examine or International Entry utility payment for those who spend $10,000 in your card throughout your card member 12 months. You’ll be able to earn these fee credit yearly.
Data for the Priceline VIP Card has been independently collected by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.
New candidates can get pleasure from a sign-up bonus of 10,000 bonus factors after spending $1,000 on purchases within the first 90 days after opening an account. Factors might be redeemed at 1 cent every, making the bonus $100. New candidates also can get pleasure from 0% introductory annual share price for 15 months on steadiness transfers made inside 45 days of account opening. After that, a variable APR of 18.24% to twenty-eight.24% will apply. There’s a payment for steadiness transfers.
Worth Factors: Earn factors even when redeeming
Beginning September 15, Priceline will use PricePoints with the Priceline VIP card. This new characteristic will enable cardholders to earn factors even when redeeming factors. Cardholders will nonetheless earn 5 factors per greenback spent on Priceline bookings, however this can now embrace the portion of your reserving the place you redeem factors.
So think about you e book a flight for $350 and redeem 10,000 factors to cowl $100 of your buy. Prior to now, you’d earn 5 factors per greenback on the remaining $250 you paid. Going ahead, you may earn 5 factors per greenback on the complete quantity — on this case $350, so 1,750 factors.
To make use of Worth Factors, cardholders can choose “Redeem Factors” through the reserving course of and select the variety of factors to redeem (at a price of 1 cent, so 100 factors are price $1). Cardmembers will likely be charged the complete “Pay Now” quantity on the time of reserving and can earn 5 factors per greenback spent on the complete buy worth. Inside three to 5 days, cardholders will obtain an announcement credit score for the worth of redeemed factors.
There are lots of factors and miles applications that TPG value Simply over 1 cent per level. Nevertheless, the flexibility to simply redeem your factors or use your factors to offset journey purchases on which you can’t redeem factors prematurely is a helpful characteristic. You should utilize this characteristic with factors applications Capital one mile, Bank of America Premium Rewards And US Bank FlexPerks.
What worth does it present? You may earn 5% again on spending on Priceline bookings utilizing your Priceline VIP Card — even when redeeming factors. Incomes factors after which redeeming them once more can present a 5.25% return in your authentic buy. Every subsequent cycle of incomes factors, redeeming them after which incomes 5% again (by way of factors) will present a further 5% to the worth of the earlier quantity.
Incomes factors once you redeem factors isn’t frequent and should change relying on whether or not you employ the Priceline VIP Rewards Visa Card, Priceline’s rewards system, and Even if you use an online travel agency Like Priceline for upcoming journey.
Along with the same old 5 factors per greenback earned on Priceline bookings, you may now additionally earn factors when redeeming factors, which is a novel characteristic.
Having mentioned that, this card is designed for many who are loyal to Priceline. Vacationers wanting a extra diversified factors and miles technique ought to take into account a Card that earns flexible rewards points As an alternative.
Featured photograph by @Crience/Twenty20.