Have you heard of priceline.com?
Are you already an avid shopper on their website?
Priceline offers exclusive deals for travel including flights, hotels, rental cars, cruises and more.
If you love to travel and regularly book through priceline, it's natural to wonder if their priceline Rewards Visa Card is right for you.
It's issued through Barclay Bank Delaware and is targeted specifically at people who book travel through priceline.com.
With so many travel credit cards already on the market it can be hard to know which one to choose.
In this article, I'll walk you through all the benefits and drawbacks of the priceline card.
This way, you can be confident of your decision on whether to get it or to look elsewhere.
But first, let's take a look at who is eligible to make sure you have everything you need to qualify.
Eligibility requirements for this card are low as long as your credit is good
You can apply for this card even if you're not a US citizen, but you must be a permanent resident and be at least 18 years old.
As long as you meet these criteria and you have a good credit score, you will likely be approved.
Note that Puerto Rico and the US territories are currently not eligible.
You also do not have to be a priceline.com member to be eligible.
However, if you're not, this card likely wouldn't make much sense to keep.
It differs slightly based on who you ask. In general, a score of at least 680 is considered Good.
Some sites, such as Experian rank 670 and above as at least Good, while others think it should be at least 700.
What if you're not sure what your score is?
Even if you think you know, I recommend checking your credit report before applying.
An application for a credit card like this one will entail a hard pull on your credit, which will impact your score.
There's no point taking the hit if your score is already too low.
If you don't have good credit, don't despair!
The rates you're offered will depend on the current prime rate and your credit score
The Priceline Rewards Card offers variable interest rates.
This means that if the Prime Rate goes up, your rate will increase, even if you've already had the card for some time.
Currently, the Prime Rate is 4.75%.
Based on this rate, you will be offered one of the following Annual Percentage Rates (APRs):
Which one you're given will depend on your credit score.
This means if you have excellent credit, expect a 16.49% rate.
If you are barely in the good range, you will likely be offered 26.49%
As long as you pay off your balance in full, each billing cycle, you will not be charged interest.
You will need to have the payment processed within 23 days from the close date on your billing cycle for this to apply.
If you do incur interest, the minimum possible amount that will be charged is $0.50.
However, as a sign-on incentive, the priceline card offers a 0% introductory APR for balance transfers.
The 0% is applicable as long as you do two things:
- Transfer the balance to your priceline card within 45 days of opening your account.
- Pay off the full balance within 15 months of the original transfer date.
You should also note that cash advances have a standard APR of 26.74%.
This will only vary with the Prime Rate.
In other words, even if you have outstanding credit, you will still have a 26.74% APR on cash withdrawn from this card.
APRs are not the only types of charges, though.
You should also be aware of the following fees:
Transaction fees are charged on every balance transfer and cash advance.
This means that in addition to the APR, you will pay a fee for these services.
Balance transfer fees are either a $5 flat fee or 3% of the balance, whichever is greater.
While cash advance fees are either $10 or 5% of the advance amount, whichever is greater.
Be aware that purchasing any of the following is considered cash advances on this card:
- Money orders
- Travelers' checks
- Foreign currency
- Lottery tickets
- Gambling chips
- Wire transfers
- Any similar transactions
The card also carries some hefty penalties for late and returned payments.
These penalties can be up to $37 each, depending on your State.
If you're a resident of Iowa, you're in luck; there the maximum is only $15.
The priceline Rewards card has no annual fee and no foreign transaction fees.
Your credit limit will be decided by Barclay based on your credit report.
They do not entertain any request for a certain limit when applying and they determine your limit prior to looking at any balance transfer request in your application.
This means even if you explicitly ask for a $5,000 balance transfer in your application, it will have no effect on the credit limit decided.
Once approved, use it for a while, then you can call Barclay and ask for a credit increase or apply for one through their website.
If you've had the card a few months and are regularly paying off your monthly balance, chances are good they will consider it.
They are under no obligation to increase your limit, but it doesn't hurt to ask.
The application process can be done in just a few minutes, and approval is instant
The simplest way to apply for this credit card is through pricelinevisa.com.
You can fill out the online form and get an instant response notifying you whether or not you are approved.
To fill out the application form, you'll need the following information:
- Your full name and current address.
- Your occupation and annual income amount from all sources.
- A current phone number and email address.
- Your date of birth, social security number and mother's maiden name.
If you want to include a balance transfer in your application, you will need to know the balance and the credit card number of the card currently holding the balance.
You will know right away if you've been approved for a card.
If you have, it will then be mailed to the home address you provided in the application.
Your card's delivery time will depend on your location, but you could generally expect it to arrive in 1–2 weeks.
Do you need your card quickly?
There is an option in the application to request express delivery.
But note that this will come with a $15.00 charge per card, so avoid it unless you're desperate.
The express delivery option means FedEx next day delivery will be used.
If you've filled out the application before 3 pm ET, you should then have your card the very next day.
If it was after that time, expect one more day's wait.
Be aware that a signature is required so you will need to be home to receive your card through Express.
You cannot have it sent anywhere other than your home address, and neither can you request
Express delivery for additional cards for added users.
Once approved, you can manage your account through the Barclay website:
This allows you to view your balance, make payments, track activity and more.
You can pay by transferring money from your bank account or by mailing a cheque.
Barclay offers both direct debit and mobile app options to make online payments quick and smooth.
As with other credit cards, payments via Paypal, Bitcoin, money order, gift certificates, etc. are currently not accepted.
The minimum payment due each month can be viewed through the Barclay website or app as well.
However, with such high interest rates, this card is really only worthwhile if you're paying off your balances in full each month.
Check out these frequently asked questions (and answers!) to get the lowdown on this card option
- How can I cancel my card?
Through the Barclay website or by calling the number on the back of your card.
- How long does it take to refund my credit card?
This will depend on the situation.
If you're looking for a refund due to fraud, it may take some time due to the investigation.
- Will I get free shipping if I shopped online?
Not through the credit card, no.
- Can I use my credit card without the card?
As long as you're shopping online and you have the number, expiry and three-digit security code.
- How to add an authorized user to my credit card?
You can request to add a user through your online account or give Barclay a call.
- Are there any upgrades on this credit card?
There is a Platinum version of the card that is automatically provided to applicants who qualify.
You will need an excellent credit score to be eligible, though.
- How soon can I use my credit card once I receive it?
You can use it right away.
- How to contact my credit card services?
You will need to contact Barclay online or at the number on the back of your card.
- How to report stolen credit card?
Call the number on the back of your card right away to have your card frozen.
(Make sure you've written this number down in a safe place!)
- What credit score do I have to maintain so my account is not closed?
You must maintain a good credit score and have activity on your account at least once every six months.
- Will my credit score drop if my account gets closed?
It will depend on the reason for closure, the length of time you've had the card and the impact the closure has on your total debt utilization ratio.
- Which credit bureaus does the credit card report to?
Barclay reports to all three credit bureaus.
- Is there a credit insurance program and how will it cover me if I lose my job?
There is none available at this time.
- Does this card cover rental car insurance?
Not at this time.
The greatest benefits of this card are for regular priceline.com travelers
When you book travel or make purchases through priceline.com with your priceline Rewards Visa card, you earn 5x the points.
This means that for every $1 you spend on their site, you earn 5 points.
In addition, if you use your points towards more priceline purchases, they are worth $0.015 each.
Not only that, you also automatically earn 10% of your points back as a travel redemption bonus.
Let's check out a math example:
You want to book a hotel room that will cost $150 through priceline.com.
It will take 10,000 points to pay for it. ($150/ 0.015).
If you eared all your points through priceline, this means you would have spent $2,000 to earn 10,000 points.
So, at first, it seems you need to spend $2,000 to earn $150. But, then the 10% kicks in as well.
In other words, you spend 10,000 points and immediately get 1,000 back.
1,000 points = $15 so you spent $2,000 and earned $165.
It might not seem like a lot, but that's effectively an 8.25% return rate, which is great for a rewards card.
You're not limited to just priceline.com with this card.
You can also use it at any retailer that accepts Visa cards.
However, outside of their website, $1 spent only gives you 1 point.
Not only that, but the points are not worth as much.
For example, it takes 30,000 points to get a $25 gift card.
That's effectively $0.000833 per point; it's not even one cent.
There are also a couple other ways to earn points.
You will receive a 5,000 bonus point introductory offer once you make a purchase or balance transfer.
These points are redeemable for a $75 statement credit towards priceline.com purchases.
In addition, you earn 1 point per dollar of any balance transfer amount, up to a maximum 5,000 points, as long as it was transferred within the first 60 days of having your new card.
Points can be redeemed for statement credits toward eligible purchases, gift cards, and merchandise.
They can be used for travel, shopping, and dining expenses as well.
There is no limit on the number of points you can earn and no blackout dates for redemptions.
You also get 10% of your points back every time you redeem for statement credits toward eligible priceline.com or travel purchases of $25 or more that were processed within the last 120 days.
Two final perks of this card are the lack of both annual fees and foreign transaction fees.
However, it's worth noting that while some of the best travel rewards cards charge fees, they also give you more than enough extra rewards to make up for it.
The rewards and rates are not competitive with other travel cards
I've already mentioned the biggest drawback, and that's the lack of decent rewards for purchases made outside priceline.com.
You only earn one point per dollar spent, and these points are not worth much when redeemed for things other than priceline travel.
Another drawback is that even within the priceline website there are some exceptions to the enticing 5x offer.
For instance cruise bookings, "Pay When You Stay" hotel bookings and non-Name Your Own Price® car reservations are not eligible. .
In addition, the high APRs, fees, and penalties can mean big hits to your wallet if you're not consistently paying off your balance each month.
And even with the 0% interest offer on balance transfers, you will still incur the 3% transfer fee when you avail of this offer.
Since you need to have at least a good credit rating to receive the card, it's not ideal if you're looking to use it to build credit, although it can probably help those with already good standing get better if used wisely.
Only suitable for loyal, frequent travelers who book with priceline
Whenever you check out consumer reviews, it's useful to keep in mind that people with awful experiences are more likely to take the time to leave reviews compared to those who are satisfied with a product or service.
That being said, I checked out the reviews for priceline.com, Barclay, and the priceline Rewards Visa card on a number of review sites, including consumeraffairs.com.
Across the board, the ratings were poor, with averages of one or two stars out of five.
Most of the complaints seem to revolve around the level of customer service.
However, there were a number of comments lamenting the high APRs, the low credit limits offered, and the general dearth of rewards.
One comment that caught my eye was a person upset with the 0% offer being applicable only to balance transfers.
They had assumed it was on purchases as well.
Please take this as a reminder to always read the fine print and understand what conditions apply to any accompanying promotion or special offer before signing up for any new card.
I guess the main takeaway here is that the Priceline Rewards Visa Card was designed with a very specific target demographic in mind.
There are lots of better travel rewards cards out there if you're a frequent traveller who likes to shop around for deals wherever they may be.
However, if you're brand-loyal to priceline and always book through them, the rates you'll get with this card are very competitive, making it truly worth your while to consider.
Only in that circumstance would I say this might be a great card for you.
Do you have a Priceline Rewards Visa Card?
Are you getting the most out of its perks?
Share your experience with us in the comments below.