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Barclays Blue Rewards

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
«13456735

Comments

  • kpearsoncj
    kpearsoncj Posts: 248 Forumite
    Part of the Furniture Combo Breaker
    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
    reclusive46 Posts: 2,698 Forumite
    I can't seem to see this on their website.
  • kpearsoncj
    kpearsoncj Posts: 248 Forumite
    Part of the Furniture Combo Breaker
    i looked too be good to see if they are actually launching
  • grumbler
    grumbler Posts: 58,629 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Moby_Tide wrote: »
    ...minimum monthly spends like other similar accounts
    Minimum spends :huh:
  • Zanderman
    Zanderman Posts: 4,944 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    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
    Moby_Tide Posts: 129 Forumite
    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
    benjus Posts: 5,433 Forumite
    Part of the Furniture 1,000 Posts
    edited 13 April 2015 at 10:58AM
    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.
    Let's settle this like gentlemen: armed with heavy sticks
    On a rotating plate, with spikes like Flash Gordon
    And you're Peter Duncan; I gave you fair warning
  • Sounds good; will have to keep an eye out for this one.
    # 047 'Save 12K in 2019' - £6,346.86 / £12,000 55.89%
    # 074 'Save 12K in 2015' - £4,379.25 / £4,000 109.48%
  • [Deleted User]
    [Deleted User] Posts: 2,175 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Name Dropper
    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
    wmb194 Posts: 5,596 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    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.
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