If you recently received an ominous email from Barclay Card titled “Your benefits are changing,” you are not alone. Without going into much detail, Barclay Card outlined upcoming changes—mostly negative, but some positive—to a number of Barclay Card Mastercard products, beginning November 1, 2019.
Now the new guides to benefits for the impacted cards have been released, and it’s official: The bank will eliminate a slew of its top shopping and traveler benefits across many of its Mastercard credit cards, including its premium products within the Luxury Card Mastercard portfolio. On a positive note, Barclay’s will enhance its auto collision damage waiver and officially add the benefit of cellular telephone protection to its suite of benefits (a benefit now standard with all World Elite Mastercard–branded credit cards).
Below, some of the changes you should know as a present or future cardholder of Luxury Card Mastercard® Black Card™, Luxury Card Mastercard® Gold Card™, or Luxury Card Mastercard® Titanium Card™.
Four shopping benefits will be eliminated on all Luxury Card Mastercard products
Come November 1, 2019, we’ll say goodbye to four great shopping benefits when using a Luxury Card for purchases: extended warranty protection, price protection, return protection, and purchase protection. The real shocker here is the dissolution of extended warranty protection; cardholders find this benefit key when purchasing big ticket electronic items such as computers and cellular phones. Claims can be submitted for eligible purchases made through October 31, 2019, but not after.
Say goodbye to Extended Warranty Protection
Future coverage: None
Current coverage: When charging a purchase entirely to any Luxury Card Mastercard or using the card’s reward points, cardholders are automatically entitled to extended warranty protection, which doubles the manufacturer’s warranty up to two years on eligible manufacturer’s warranties of two years or less.
Bid farewell to Purchase Protection/Purchase Assurance
Future coverage: None
Current coverage: Purchase Protection or Purchase Assurance is an insurance that covers specific purchased items if they are lost, stolen, or accidentally damaged within a specified period after the date of purchase. When you charge your purchase entirely to your Luxury Card or use the card’s reward points, you are automatically entitled to Purchase Assurance (the cards’ version of Purchase Protection). You are covered 90 days from date of purchase and allowed to claim up to $1,000 per claim and $50,000 maximum payout in claims per year.
Adios, Price Protection
Future coverage: None
Current coverage: Price Protection is basically an insurance that covers price drops, insomuch that cardholders can be reimbursed the difference in price on most products if recorded at a lower price in a printed advertisement at any retail store or nonauction Internet advertisement. If the same item purchased with your Luxury Card is found at a lower price 120 days after purchase, you are eligible to receive reimbursement of the price difference, up to $250 per item, and up to $1,000 annually.
See Ya, Return Protection/Satisfaction Guarantee
Future coverage: None
Current coverage: Return Protection provides reimbursement of a personal item if you are dissatisfied with it and the retailer won’t accept the return within 90 days of purchase. Essentially, Return Protection extends the return policy of your purchase threefold in many cases. When you charge your purchase entirely to your Luxury Card or use the card’s reward points, you are automatically entitled to Return Protection. You are covered for 90 days from date of purchase for up to $500 per item and $1,000 per year, with a maximum of two claims per year with any Luxury Card.
Trip Delay Protection will also be eliminated on all Luxury Card Mastercards
The Luxury Card portfolio is also getting rid of its popular Trip Delay Protection. Currently, when you charge your trip’s entire common carrier fare to your Luxury Card or use the card for partial travel purchases (after coupons, vouchers, or discounts from frequent flier programs), you are automatically covered for Trip Delay Reimbursement. The delay must be more than six hours and coverage is provided up to $300 per trip (not per ticket). Reasons covered include: equipment failure, inclement weather, and lost or stolen passport or travel documents. Come November 1, 2019, this benefit will be no longer.
Worldwide Car Rental Insurance will be enhanced
Finally, a bit of good news! The current policy will get a revamp to include language that broadens the scope of coverage. Coverage will remain secondary (within the United States) and primary (outside the United States, if your automobile insurance does not cover you abroad), and cover up to 31 consecutive days or less within or outside your country of residence. However, now the credit card “will reimburse an Eligible Renter for covered losses to a Rental Vehicle in a Covered Territory caused by the following: (1) Collision with another object; (2) the Rental Vehicle’s overturn; (3) Malicious Vandalism; (4) theft; or (5) other physical damage to the Rental Vehicle.” In addition, coverage will no longer be capped at $50,000. Coverage will be provided “for the lesser of the following amounts: The contractual liability assumed by the Eligible Renter with the owner of the Rental Vehicle (new); The Actual Cash Value of the Rental Vehicle (new); The actual repair amount; The Reasonable and Customary Charges of repair and replacement; Wholesale market value less salvage and depreciation; or The rental agency’s purchase invoice less salvage and depreciation.”
Cellular Telephone Protection will become an official benefit
World Elite Mastercard announced a few months back that all cards with its logo would soon include this protection. Now it’s officially been added to the Luxury Card benefits suite (all cards are World Elite Mastercard). To get coverage, you must charge your monthly eligible cellular wireless telephone bill to the card. This new benefit will provide up to “$800 per claim for World Elite Mastercard Cardmembers, and $1,000 per Covered Card per 12-month period” for covered reasons of theft and damage. Each claim will be subject to a $25 deductible, and coverage is limited to two claims per 12-month period. And in case you were wondering about coverage for dropping your iPhone and cracking the screen, here’s the official policy on what’s NOT covered: “Cosmetic damage to the Eligible Cellular Wireless Telephone or damage that does not impact the Eligible Cellular Wireless Telephone’s ability to make or receive phone calls (including minor screen cracks and fractures less than 2 inches in length that do not prevent the ability to make or receive phone calls or to use other features related to making or receiving phone calls).” Meaning, if it’s a total bust or completely cracked, you should be covered!