Free £50 to close Barclaycard account

Bobbuth

Hi just wanted to let you all know I just tried to close my Barclaycard account, of which I've had for 6 years paying interest for the last few years on over £3000 (it's ok now all my debts are cleared :T). They tried offering free interest on any spending for the next year, home or abroad, big or little purchases but I still said I wanted to close account.
At the end the guy said you've paid a lot of interest to Barclaycard you can have a £50 transferred straight into your account (which you can transfer into your bank if you want) for keeping it open. I asked if I needed to keep it open , he said there's no contract but he'd like me to for "a while".

Thought it might be worthwhile knowing this

Happy account closing :beer:

Bobbuth

Whiner

Bobbuth wrote: »

Hi just wanted to let you all know I just tried to close my Barclaycard account, of which I've had for 6 years paying interest for the last few years on over £3000 (it's ok now all my debts are cleared :T). They tried offering free interest on any spending for the next year, home or abroad, big or little purchases but I still said I wanted to close account.
At the end the guy said you've paid a lot of interest to Barclaycard you can have a £50 transferred straight into your account (which you can transfer into your bank if you want) for keeping it open. I asked if I needed to keep it open , he said there's no contract but he'd like me to for "a while".

Thought it might be worthwhile knowing this

Happy account closing :beer:

Bobbuth

They do seem happy to give out free £50's to customers who have used their cards well.

Bear in mind if you call to cancel, you'll need to have a £0 balance before they entertain offering you £50!

Well done OP

d70cw6

they gave me 3 x £20s when i tried to close my account 3 times in a week. eventually they kind of got annoyed that i kept trying to close my account and refuse to give me any more freebies - gits!

edit: best way to get money from them is to sound undecided and if they had any incentives for me to keep my account open, such as a credit to my account. works wonders.

tvwize

I also received a £50 payment to keep the account open, i declined this and they upped my limit and reduced my APR so i couldn't really say no! They are very keen to keep customers.

mrbman

i lowered my credit limit from 5k to £50 myself 6 month ago, have zero balance and they game me £50 to leave it open. happy days a free £50

I have worked out they have had £8 interest off me on this card since 2011, as its sat dormant for ages

at first they offered 9 month interest free lol on a £50 limit. then hold then £50

thank you barclaycard

captainh91

I've just phoned to cancel my Barclaycard account as I'd done a balance transfer to M&S so that I'm not paying interest and I get cashback when I spend.

Barclaycard were obviously desperate to keep me. I got offered £40 reward for loyalty and being a good customer, new balance transfer and purchase interest rates of 0% for 6 months and 1.5% cashback on purchases.

It would appear it's worth claiming you'll close your account every so often even if you don't intend to. I've now got a better cashback offer than I could have got anywhere else.

Futuristic

Yes it's nothing new for them to offer some sort of incentive for you to stay. I think it's been mentioned here before.

Is it not worth keeping that card regardless because of the experian credit check offer?

SnowTiger

Futuristic wrote: »

Yes it's nothing new for them to offer some sort of incentive for you to stay. I think it's been mentioned here before.

Is it not worth keeping that card regardless because of the experian credit check offer?

You only get access to your Experian credit score, which is updated every two months. I don't think it's worth keeping a Barclaycard for that alone.

Anthorn

Hey that's my kind of bank account. Anyone know how long I would have to keep the account to get 50 quid for closing it?