Posted by Chuck on December 7, 2017
Credit Card Review

Published on December 7th, 2017 | by Chuck


Barclaycard Discontinues CashForward Card

Barclaycard has now discontinued the CashForward card. It’s no longer available for new applications and all application links lead to errors. This is somewhat surprising given that they recently increased the sign up bonus to $200. It’s unclear what will happen to current cardholders, but we will update when that becomes clearer. Information regarding the old card can still be viewed below.  Card was originally launched in December of 2015.

Application Information

Direct Link

This card was previously available only for targeted recipients but has now been made public. Not much is known regarding the exact criteria to get approved for this card, but being that it’s a no-annual-fee card – it would be considered a step-down from the Arrival Plus and shouldn’t be terribly difficult to get approved.

As always, Barclay’s does not like approving many cards per year, and they don’t like approving you for a second card if your first one looks dormant.

Signup Bonus

CashForward comes with $100 cash bonus after you spend $500 in purchases within the first 90 days following account opening.

Rewards Program

The card earns 1.5% cashback on all purchases, with no categories or limits. Additionally, every time rewards are redeemed you’ll receive a 5% redemption bonus to use toward your next redemption. This addition makes the rewards worth almost 1.6% total.

Cash rewards can be redeemed as a deposit into your bank account, a statement credit or gift cards. Redemptions start at $50. Rewards do not expire as long as your account is open, active and in good standing.

Card Benefits

  • No annual fee
  • Free online access to FICO score – allows you to keep an eye on your credit and get alerts
  • 0% APR for the first 12 months on purchases and balance transfers (balance transfers will incur a 3% fee)

Note that there is a 3% foreign transaction fee.

Final Thoughts

Not a bad card for everyday spend, but pretty lackluster being that there are already two credit cards that earn a full 2% cashback and have no annual fee – the Citi Double Cash and the Fidelity Amex.

When compared to Barclay’s own, this card is better for most everyday spend versus their other no-annual-fee cards. On the other hand, for a big spender (who also travels), it would be worth paying the $89 annual fee for the Arrival Plus card and earn 2.1% back on all spend.

It will be interesting to see if Barclay’s phases out their no-annual-fee Arrival card and leaves this as the base option or if that card is here to stay. Currently, the Arrival card is one of the not-too-many cards without an annual fee which still have no foreign transaction fee.

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I think the Arrival is pretty compelling as a no annual fee card for foreign travel as its a MasterCard and thus doesn’t charge the hidden foreign transaction fees you get with a Visa

Well, assuming this is similar to the Arrival+ wrt M/S meaning an AU card has a different number so the two can be linked to separate SoftServe accounts, the card can be trained to be pretty friendly, they give out relatively large credit lines etc, the question becomes:

How much spend is required to justify the $89 annual fee for the Arrival+?

At 2.05% vs. 1.575%, you’d earn 0.475% more with the Arrival+ or $4.75 per thousand. So about 19K in a year makes the cards break-even. More the Arrival+ is better. Less the CF is better.

Ignoring the differences in redemption options, the potential that you may not redeem all the cashback, etc etc.

[…] I do think it’s possible they’ll discontinue the card completely given the release of the Cash Forward card in […]

[…] Don’t think we’ve ever really seen a sign up bonus on this card. You can review our of this card by clicking here. […]

Is it possible I can take advantage of this pc to Uber Visa?

Weird. They just sent me an email a few days ago telling me to put an authorized user on my card and I had until the fifteenth to do so to get a 10 dollar statement credit (didn’t do it).
Seems strange they would be asking me to add on more people but stop offering it to others?


“and they don’t like approving you for a second card if your first one looks dormant.”
> Not sure if this is true anymore, Chuck. I just applied for the Uber card with a previous AA Aviator card open. The AA card hasn’t had a single charge outside of the Annual Fee charge and credit in the last 2 years. Uber was approved instantly.

OH dang it! I had this card bookmarked as my next bonus to get and you’re telling me it’s discontinued?

So what’s next? Who’s offering big bonuses right now?

The Wells Fargo cash wise has thes same bonus and 1.5% earning rate

Are we sure it’s discontinued and not just off the market for a spell? Barclaycard is notorious for doing that with the Ring and Arrival+

I still using it monthly. They write off balance .99 or less. I charge 50GB iCould plan to this, statement have 0 balance and 1 penny reward :)).

Barclay’s only “own” card left now is Arrival+. Everything else is cobranded. They seem to want to be basically like Comenity. Only offer cobranded/partner cards, none of their own.

I just received mine in the mail earlier this week. The application went offline a few days after I was approved. I actually just got it added to Samsung Pay (via phone verification)… Tried that initially and it failed. Anyway, seems good to go.

Not sure if this has anything to do with it but I just received the card and tried a few transactions and had them fail.

It is interesting how the banks constantly introduce new cards and then remove them from their product line if they do not reach market share goals. We have to assume that it is relatively inexpensive to introduce new card lines vs. new physical consumer products like shampoo, etc.

The card business has become highly competitive and each bank is maneuvering to gain market share.
I am guessing that each bank is looking for new card hits to gain market share. If the new card does not live up to projections, the banks axe the card.

Just a heads up: I reached out to Barclaycard to confirm and they didn’t discontinue it. Looks like they’re working on testing different features. It’ll be back next year.

Scratch that. Got another reply with a clarification. They’re coming out with a new card to replace the CashForward. So the card itself will remain for current cardholders, but there will be a new cash-back card.

Any more details regarding the new card?

Unfortunately, no. Just that they’re “testing different offers to determine which are the most valuable to consumers.”

Which makes me wonder if they provided more value than they could afford on the CashForward like they did with the Arrival+ before it was devalued.

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