I applied for this card about 5 months ago now with the 40k point offer and was able to use it for a couple of trips. This card is a Chip and PIN card unlike most that are Chip and Signature, which makes it great for overseas. About a month ago I was notified that the benefits of this card were going to change and called Barclay to ask about the changes. This card used to have a 10% point refund for all points used toward travel credit, which is now being downed to a 5% point refund. Another benefit that will be lost completely is the TripIt Pro membership. Before having this card, I had never used TripIt, but it quickly became one of my favorite features. Once attached to your email, it will look for anything trip related and automatically create a trip planner for you, which will even give directions between destinations, when you need to be there, all of it. When I was in the airport, my gate changed on me a couple of times, and thanks to TripIt, I knew each time it changed and where to go. Anyway, without these features, I don't know if the card really stands out aside from the Chip and PIN anymore, but having an $89 fee, I don't know if it is worth it anymore. The Venture, an almost identical card, has a fee that is $40 less, but doesn't give a 5% refund. At the end of my membership year, I plan on downgrading this card, which I would prefer not to do, but I just don't feel the benefits outweigh the cost anymore.
Also, some stats for anyone who wants to know, when I applied for this card I was given a $5k limit on the World Elite Mastercard version, had a CK score of 760, an income of $50k a year, 2.5 years of credit history with 2 cards, Citi Forward at $5.2k and Amex BCE at $15k, and an auto loan of $38k.