Barclays Blue Rewards

Moby_Tide

New reward account being launched it seems.
£7pm loyalty reward
£3pm home insurance reward
£5pm mortgage reward
Enhanced cashback scheme "Smartspend"

Has a £3pm charge and minimum monthly spends like other similar accounts

kpearsoncj

i did some market research for barclays last week something similar to this was offered. - they seemed quite keen to match the best offers.

reclusive46

I can't seem to see this on their website.

kpearsoncj

i looked too be good to see if they are actually launching

grumbler

Moby_Tide wrote: »

...minimum monthly spends like other similar accounts

Minimum spends :huh:

Zanderman

reclusive46 wrote: »

I can't seem to see this on their website.

I think it's a little early for that - I assume the scheme is not yet launched. They've definitely registered the trademark - https://www.ipo.gov.uk/tmcase/Results/1/UK00003088033 - but I think it's a matter of watching and waiting for more info on what it actually means.

Moby_Tide

sorry Grumbler, not minimum spends, deposits I meant , £800pm

Is not launched yet I think so won't be on website, been briefed to staff though so can't be far off I assume

benjus

You also need at least 2 direct debits paid out.

It's not actually a new account, it's an "add-on" to any of the standard adult current accounts.

Looks like it's not available at all yet, and then for a trial period will only be available to Barclays employees.

letThemPlay

Sounds good; will have to keep an eye out for this one.

[Deleted User]

Moby_Tide wrote: »

New reward account being launched it seems.
£7pm loyalty reward
£3pm home insurance reward
£5pm mortgage reward
Enhanced cashback scheme "Smartspend"

Has a £3pm charge and minimum monthly spends like other similar accounts

I wonder what a £7pm loyalty reward is - does that mean that if you use it enough, you get £4 each month? (£7 minus the £3 fee)? Or do you have to give them your first born too?

wmb194

Like the Halifax Reward account I'm guessing (hoping) that this £7 is net of basic rate tax i.e., £8.75 gross. If it isn't then it would be really poor after the deduction of tax and the £3 monthly fee.