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IBD note: The title was updated to reflect the nature of the $50 credit. Read post # 2 for more details. Thanks rwsinflorida for sharing experience with this bonus!


You can exchange 5000 points you get after the first purchase for a $50 credit. Also, you get one $5K balance transfer free because your additional 5000 points for the balance transfer (=$50 credit) will cover the $50 balance transfer fee.


Your first $29 annual fee is waived

Terms:

The 5,000 Bonus miles will be awarded at the close of your first billing statement when you make your first Purchase or Balance Transfer and have paid the annual fee, if applicable. Balance Transfer Points: Earn one Travelocity Point per $1 in balance transferred to your Travelocity Rewards Master Card requested in the first 30 days after you open your account, up to a maximum of 5,000 Travelocity Points

The 0% introductory Annual Percentage Rate (APR) on Balance Transfers and Convenience Checks is applicable fo the first 6 billing cycles after the account is opened and requires that you maintain your current level of credit performance and that timely payments are received. Please see Terms & Conditions for the Travelocity Rewards MasterCard for additional information including the allocation of payments. the APR for Purchases, the APR for all new and outstanding Balance Transfers and Convenience Checks after the introductory period, the APR for Cash Advances, and the default APR that will apply to all new and outstanding balances (including any introductory rate balances) if your payment is received late, you exceed your credit line, or your payment is not honoured by your bank. A balance transfer fee applies to all Balance Transfers and Convenience Checks: During the introductory period: 3% of the amount of each transfer or check, with a minimum fee of $5 and a maximum fee of $50; After the introductory period, 3% of the amount of each transfer or check with a minimum fee of $5.


Additional terms

Regarding the Travelocity Credit Card offer through Juniper/Barclays bank, as a veteran of dozens of great bank and credit card offers, this is by far the most misleading convaluted offer I have encountered. You will waste hours of time signing up with Juniper/Barclays Bank and Travelocity and going through incredibly and outrageously complicated web-site logins only to finally find out the advertised "$50 statement credit" is skillfully and outrageously misleading and a FRAUD. You first get points which you MUST redeem at Travelocity. ONLY after you are bounced back-and-forth between Barclays and Travelocity web sites, pages of carefully worded fine print, and customer service phone numbers, will "THEY" finally disclose to you that the purported $50 statement credit is really a 'TRAVEL EXPENSE CREDIT ONLY" redeemable through Travelocity ONLY AFTER YOU HAVE MADE A TRAVEL PURCHASE THROUGH THEM.This is a deceptive offer and a massive waste of time. while the deception is outrageous by itself, I found the whole experience from disclosures so finely printed they can't be read without a large magnifying glass - a MINIMUM statement-received-to-payment-due-date - and their ridiculously complicated SIGNUPS, passwords and codes so offensive, I am returning the credit card and vowing never to do business with Juniper or Barclays or Travelocity - EVER !
And, it's hard to believe they want to charge you an annual fee for all of this nonsense ! I wouldn't pay $1 let alone $29 !!!!!
Stay Away !

Thanks rwsinflorida for sharing your experience. I have updated OP to reflect key facts about this bonus and to point readers to your post for more info.

Mark