Is the Barclays Emirates Skywards Rewards Card Worth the $99 Annual Fee?
On rewards alone, the Barclays Emirates Skywards Rewards Card never out-earns the no-fee Hilton Honors American Express Card — its $99 fee has to be justified by credits and perks, not the earn rates.
Rates verified 2025-12-22.
Method: we compare what the Barclays Emirates Skywards Rewards Card earns against the best no-annual-fee card in the same category — the Hilton Honors American Express Card — because the alternative to paying a fee is not earning nothing, it is a good free card. Full methodology.
Three spending levels
| Profile | Barclays Emirates Skywards Rewards Card | Hilton Honors American Express Card | After the $99 fee |
|---|---|---|---|
| Light spender ($1,200/mo) | $152/yr | $542/yr | −$489 behind |
| Typical spender ($2,400/mo) | $305/yr | $1,082/yr | −$877 behind |
| Heavy spender ($4,500/mo) | $572/yr | $2,030/yr | −$1,557 behind |
The breakeven curve
| Monthly spend | Margin vs. Hilton Honors American Express Card (after fee) | Verdict |
|---|---|---|
| $500 | −$261 | keep the free card |
| $1,000 | −$423 | keep the free card |
| $1,500 | −$585 | keep the free card |
| $2,400 | −$877 | keep the free card |
| $3,500 | −$1,233 | keep the free card |
| $5,000 | −$1,719 | keep the free card |
| $7,500 | −$2,529 | keep the free card |
Caveats that can move this math: 3x on Emirates. Statement credits and perks are not counted unless you would have spent that money anyway.