Travelers have many options when it comes to credit cards. Between all the various programs that have cobranded credit cards, there are dozens of them. One that may be overlooked is The Priceline Rewards™ Visa® Card, which is managed by Barclays. With an interesting way of earning rewards for credit card spending, let’s dive into the details of the Priceline Rewards Visa Card!
- Annual Fee
To use the Priceline Rewards Visa Credit Card, one does not have to pay a single dime to get in on the rewards. There is no annual fee at all.
- Sign-Up Bonus
With the Priceline Rewards Visa Card, after your first purchase, you’ll receive 5,000 points, which is the equivalent of a $50 statement credit. While that does not seem like a lot, typically “no-fee” credit cards have smaller sign-up bonuses. In addition, Priceline offers an additional 5,000 points to use as $50 statement credit after spending $1,000 on qualifying transactions in the first 90 days of account opening. While this is a lot of spend for 5% back, if you’ll be using the credit card for Priceline purchases, there’s certainly nothing wrong with receiving $50 back.
- Priceline Purchase Bonus Points
This credit card, being cobranded with Priceline, will obviously earn bonus points on all Priceline purchases. For every dollar spent on Priceline.com, you’ll receive five points. Purchases that aren’t eligible on Priceline.com include cruise bookings, Name-Your-Price car reservations, and hotel reservations that are defined as “Pay-When-You-Stay.”
- All Other Purchases Earn One Point
As with other co-branded credit cards, other non-qualifying purchases earn one point per dollar spent. This is in line with other credit cards, though at one cent per dollar valuation, it’s nothing special.
- Redeeming Points
To redeem points for statement credit, users have to have at least $25 worth of points (2,500 points) in their account. Then, one must redeem for a purchase of $25 or more on their statement to receive credit. So, for a purchase that cost $100, one must have 10,000 points.
The Nitty Gritty
- Average Credit Score
Accourding to CreditKarma, the average Credit Score approved for this card is 732, and the lowest credit score approved for this card is 655, so good credit is required to receive this.
- Introductory APR
For the first twelve months of card membership, users will not be charged interest. After that introductory period, however, regular APR fluctuates between 14.99% or 21.99%.
- Balance Transfer APR
Balance Transfer APRs also fluctuate between 14.99% and 21.99%, and the transfer fee is 4%, or a minimum of $10, whichever is greater.
- Cash Advance Rate
A cash advance rate of 25.24% exists with the Priceline Rewards Visa Credit Card. The fees involved are 5%, or $10, whichever is greater.
The Priceline Rewards Visa Credit Card is a simple card, with not a great earning potential for those who don’t make regular Priceline purchases. If you’re a road warrior who is intent on using Priceline nearly every night for a place to rest your head, then I would highly recommend this card. For others, I would analyze other credit card offers out there; there are better cards with no annual fees and better sign-up bonuses and benefits.