The enhancement is the elimination of foreign transaction fees.
Foreign transaction fees are additional money that you have to pay for using your credit card to purchase items in a foreign currency. Typically, the foreign transaction fee is 3% or $3 for every $100.
Eliminating this unnecessary fee is a true enhancement. The problem is that other credit card companies have already eliminated this fee on most cards. Barclays is late to game.
Retention Bonus
Early this week, I tried to cancel my US Airways Mastercard. After being transferred to an Account Specialist, I explained that I wanted to cancel my card. After explaining that I am not using the card and the lack of spend bonuses, the account specialist offered to refund my annual fee $89 and give me 5,000 miles if I spend $1,000 in 90 days. The funny thing is I paid the annual fee in August.
I took the offer and kept the card open. $89 refund and the possibility to earn 5,000 miles easy was to much to offer.
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