End of Grandfathered SCRA Waivers on Gold Luxury

The fun is over for everyone (confirmed on reddit)! Looks like people are getting letters from Barclay’s that the $995 annual fee will no longer be waived when the annual fee hits again. Thanks to reader Chris for the update. He writes:

Got the letter in the mail, no grandfather of older cards. We have until April [his month to renew] to spend our points and ditch the card or pay!

I securely messaged customer service since I did not see a letter myself, and I got this response:

Dear [Derp Report]:

Thank you for contacting us regarding your MasterCard® Gold Card™.  We can certainly address your concern regarding the SCRA benefits on your account.

Although we can confirm all other terms of the SCRA benefits currently provided on your account will remain the same, while you remain on active duty; however, the annual fee will proceed to be billed on the next annual fee date of January 31, 2018. We apologize for any inconvenience this may cause.

If you have any other questions or concerns, please reply to this message.


Luxury Card Cardmember Care

So get on it! Spend your $200 airline bonus for the year, and cash out them points! Good thing USAA has their 2.5% cash back Limitless Card. Also don’t forget that your AmEx Platinum will be metal soon enough! Here is the text:

I got my card in January, so it looks like I got to squeeze almost one more year out of it! Also going to hold out till January to get another $200 travel bonus out of it! Look out for the letter in your mailbox soon!

Also remember to not be a Blue Falcon and bitch about the whole thing to Barclay’s. We all had the feeling that this was going away very soon. Many more cards to churn! Onward and forward!


8 thoughts on “End of Grandfathered SCRA Waivers on Gold Luxury

  1. Joseph says:

    I got the same letter today. This was a great card but there’s no way I’ll keep it and pay the annual fee. USAA here I come!

  2. Dave says:

    Aww man, I just got my pen too. I really liked this card. Where else am I going to get a $20k interest free loan?

    • uiucderp2011 says:

      well, the APR is at 0% still, just got to pay $995 a year for it. Think of it as a 5% loan!

      • Dave says:

        I’m curious if we can product change down to the black card and keep the fee waiver. If you find any DPs on the Black and Ti cards getting these letters let us know.

  3. 4th yr lyfe says:

    Dang! The mail comes to my parent’s place. Does anyone know if this is limited to the gold card or is it applicable to other Barclay cards (eg arrival+) covered under SCRA?

    • Joseph says:

      So far I’ve only received the notice for my Gold card. I also have the Arrival+ and Silver Aviator.

  4. TJ says:

    I got the letter yesterday and just called. They told me that product changing to the other luxury cards I would still have the annual fee. They also said I would get a full refund of annual fee as long as I switch/cancel within 60days after it was assessed. After carrying a 20k balance for almost a year they bumped my credit limit to 25k. I just opened an account with Pacific marine credit union with the 5k (coded as purchase). I am going to miss this card!

  5. 4th yr lyfe says:

    Everyone has probably already figured this out but the annual fees will not be waived on other Barclay Cards. FWIW, the lady I talked at the SCRA number used the phrase “for now” when I asked about continuing 0% interest and no fees on all Barclay Cards that continue with SCRA…

Leave a Reply

Your email address will not be published. Required fields are marked *