Following Citi's drastic devaluation of credit card protection benefits, Barclays has also cut quite a few protection benefits on its credit card portfolio effective November 1, 2019. The following benefits are removed from most of their credit cards:
At the same time, just like other MasterCard issuers, Barclays has added Cellphone Protection to its World MasterCard and World Elite MasterCard. So after the devaluation, Barclays American Airlines Aviator Red Word Elite MasterCard, for example, will offer protection benefits such as Travel Accident Insurance, Travel Cancellation and Interruption, Baggage Delay, Cellphone Protection, Identity Theft, Rental Car Collision Damage Waiver (still secondary), etc. For details of credit card protection benefits, please visit our Protection page.
Overall, the changes are not as bad as Citi's but still very bad for Barclays' cardholders. BTW, American Express also has some major benefit changes on the way (kicking in as of 1/1/2020), which we will cover in the next post. It seems like a trend in the industry, but we will see if other major players such as Chase, Bank of America, Wells Fargo, and US Bank will follow suit.
- Trip Delay
- Price Protection
- Extended Warranty
- Purchase Assurance a.k.a, Purchase Protection
- Satisfaction Guarantee a.k.a. Return Protection
At the same time, just like other MasterCard issuers, Barclays has added Cellphone Protection to its World MasterCard and World Elite MasterCard. So after the devaluation, Barclays American Airlines Aviator Red Word Elite MasterCard, for example, will offer protection benefits such as Travel Accident Insurance, Travel Cancellation and Interruption, Baggage Delay, Cellphone Protection, Identity Theft, Rental Car Collision Damage Waiver (still secondary), etc. For details of credit card protection benefits, please visit our Protection page.
Overall, the changes are not as bad as Citi's but still very bad for Barclays' cardholders. BTW, American Express also has some major benefit changes on the way (kicking in as of 1/1/2020), which we will cover in the next post. It seems like a trend in the industry, but we will see if other major players such as Chase, Bank of America, Wells Fargo, and US Bank will follow suit.
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