Barclays revamps and launches new AARP cards for all applicants
Towards the end of last year, Barclays acquired the AARP portfolio from Chase and announced a new lineup of cobranded cards coming in 2021 for AARP members. Today, Barclays announced the launch of a new suite of cobranded credit cards — The AARP® Essential Rewards Mastercard® from Barclays and the AARP® Travel Rewards Mastercard® from Barclays which are now open for applicants.
The information for the AARP® Essential Rewards Mastercard® from Barclays and the AARP® Travel Rewards Mastercard® from Barclays has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
The cards offer a generous cash-back bonus structure for today's everyday purchases like gas stations, restaurants, drug stores, travel and medical expenses. There is no limit to the rewards that cardmembers can earn and rewards never expire as long as the account remains open and in good standing. Although an AARP membership is not required to apply for the cards and anyone can become a member regardless of age, AARP members can save considerably on travel expenses such as flights and hotels. Let's take a look at each new card:
AARP Essential Rewards Mastercard
Sign-up bonus: Earn $100 after spending $500 on purchases in the first 90 days.
Earning structure: 3% cash back on gas and drugstore purchases, 2% cash back on medical expenses, 1% cash back rewards on all other purchases.
Annual fee: $0
AARP Travel Rewards Mastercard
Sign-up bonus: Earn $100 after spending $500 on purchases in the first 90 days.
Earning structure: 3% cash back on airfare, hotel stays and car rentals, 2% cash back on restaurant purchases, including food delivery services, 1% cash back rewards on all other purchases.
Annual fee: $0
Other benefits: Along with the useful bonus categories for each card, Barclays will donate $10 per new account opened (for both cards) and 1% of all eligible electronic and telecommunications purchases to the AARP Foundation on up to $1 million annually.
Why the new cards are worth a look
While the new Barclays cards are targeted at AARP members, you do not need to have an AARP membership to apply. The AARP Essential Rewards Mastercard offers 3% cash back at drugstores and 2% back on medical expenses. The medical expenses category is a unique bonus category and is defined broadly by Barclays as:
Medical purchases are defined as Dentists, Orthodontists, Osteopathic Physicians, Chiropractors, Optometrists, Ophthalmologists, Opticians, Optical Goods & Eyeglasses, Chiropodists, Podiatrists, Hospitals, Medical and Dental Laboratories, Hearing Aids, Ambulance Services, Orthopedic Goods, Prosthetic Devices, Nursing and Personal Care Facilities, Medical Services & Health Practitioners not elsewhere classified (NEC) and Doctors not elsewhere classified (NEC), as identified by the merchant category codes.
So if you have regular medical expenses and prescriptions, the Essential Rewards Mastercard may be a worthwhile addition to your wallet.
Related: Best credit cards for paying your medical bills
Next, the AARP Travel Rewards Mastercard earns a solid 3% cash back on common travel expenses such as airfare, hotels and car rentals and 2% back at restaurants, including food delivery services such as UberEats, Grubhub and DoorDash. As far as cash-back cards go, the 3% back on those travel categories is competitive.
Both cards offer a 0% introductory APR for 15 months on balance transfers made within 45 days of account opening and no annual fee. While each card comes with a modest sign-up bonus, the low minimum spend requirement makes it easy to earn the $100. Cardholders can redeem rewards at a 1:1 rate for cash back, statement credits, gift cards, merchandise and AARP memberships starting at $16 in rewards.
Bottom line
Though both AARP cards provide valuable cash back rewards on everyday purchases, including medical expenses, drugstore purchases, dining and more, there may be more compelling cash-back and travel rewards cards for your bonus category spend. Still, if you spend a considerable amount on medical expenses — a unique bonus category — the 2x cash back offered by the Essential Rewards Mastercard could be very valuable to you.
TPG featured card
at Bilt's secure site
Terms & restrictions apply. See rates & fees.
| 1X | Choose to earn up to 1X points on rent and mortgage payments with no transaction fee |
| 2X | Earn 2X points + the option to earn 4% back in Bilt Cash on everyday purchases |
Pros
- Choice to earn up to 1 Bilt Point per dollar spent on rent and mortgage payments
- Elevated everyday earnings with both Bilt Points and the option to earn Bilt Cash
- $400 Bilt Travel Portal hotel credit per year (up to $200 biannually)
- $200 Bilt Cash annually
- Priority Pass membership
- No foreign transaction fees
Cons
- Moderate annual fee
- Designed primarily for members seeking a premium, all-in-one card
- Earn points on housing with no transaction fee
- Choose to earn 4% back in Bilt Cash on everyday spend. Use Bilt Cash to unlock point earnings on rent and mortgage payments with no transaction fee, up to 1X.
- 2X points on everyday spend
- $400 Bilt Travel Hotel credit. Applied twice a year, as $200 statement credits, for qualifying Bilt Travel Portal hotel bookings.
- $200 Bilt Cash (awarded annually). At the end of each calendar year, any Bilt Cash balance over $100 will expire.
- Welcome bonus (subject to approval): 50,000 Bilt Points + Gold Status after spending $4,000 on everyday purchases in the first 90 days + $300 of Bilt Cash.
- Priority Pass ($469/year value). See Guide to Benefits.
- Bilt Point redemptions include airlines, hotels, future rent and mortgage payments, Lyft rides, statement credits, student loan balances, a down payment on a home, and more.