Via Reddit, Barclay is set to launch a new cashback credit card called the CashForward. As you’ll see at the link below, this card is currently available by invitation only.
Here are the main details of the card:
- Earns unlimited 1.5% cashback
- Gets 5% cash redemption bonus toward your next redemption (total cashback is close to 1.6% after the bonus)
- No annual fee
- The card is a World Mastercard like the no-annual-fee version of the Arrival card – NOT like the Arrival Plus which is a World Elite Mastercard
- 3% foreign transaction fee
- Minimum redemption of $50
- Free FICO score
Some people are getting mailed invitations to apply for the card. As noted, it’s not yet publicly available yet. It’s possible that they are testing out some of the above details and the public launch will be slightly different.
The signup bonus that is being reported is $100 after spending $500 within 90 days. Update: Another report is of a $200 bonus.
Overall, the card doesn’t sound like something too exciting. It seems likely that this card is meant to replace the Sallie Mae card which is no longer available for signup and they may be targeting the card to that demographic.
