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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
