Barclays Blue Rewards

banjobob59

Have just opened a Barclays Current Account online but not yet joined Blue Rewards. I am waiting for my online banking code etc. However reading the info on the Blue Rewards info pages I noticed this paragraph.
~~~~~~~~~~~~~~~~~
We'll check your chosen account on the first working day of each month to make sure that you did the following in the previous month:
•Paid in at least £800 (conditions apply) – you can read the terms and conditions by selecting 'View my rewards details' on your rewards homepage
•Paid out at least 2 Direct Debits
•Paid the £3 monthly fee

What does the (conditions apply) refer to when paying in the £800 pcm. Are they going to check for quick transfers in and quick transfers out.

Steve_xx

FOREVER21 wrote: »

Just signed up,£3 fee taken on 1st of month, following month of joining and if conditions met then £7 fee is paid at same time.

So probably worthwhile waiting until 1 May before joining due to the fact that joining today and setting the two DD's would not fulfill the requirement for the DD's to be paid this month and therefore I would end up minus £3?

Ed-1

banjobob59 wrote: »

Have just opened a Barclays Current Account online but not yet joined Blue Rewards. I am waiting for my online banking code etc. However reading the info on the Blue Rewards info pages I noticed this paragraph.
~~~~~~~~~~~~~~~~~
We'll check your chosen account on the first working day of each month to make sure that you did the following in the previous month:
•Paid in at least £800 (conditions apply) – you can read the terms and conditions by selecting 'View my rewards details' on your rewards homepage
•Paid out at least 2 Direct Debits
•Paid the £3 monthly fee

What does the (conditions apply) refer to when paying in the £800 pcm. Are they going to check for quick transfers in and quick transfers out.

Don't know for sure but chances are it'll specify it needs to come from an external source.

Steve_xx

banjobob59 wrote: »

Have just opened a Barclays Current Account online but not yet joined Blue Rewards. I am waiting for my online banking code etc. However reading the info on the Blue Rewards info pages I noticed this paragraph.
~~~~~~~~~~~~~~~~~
We'll check your chosen account on the first working day of each month to make sure that you did the following in the previous month:
•Paid in at least £800 (conditions apply) – you can read the terms and conditions by selecting 'View my rewards details' on your rewards homepage
•Paid out at least 2 Direct Debits
•Paid the £3 monthly fee

What does the (conditions apply) refer to when paying in the £800 pcm. Are they going to check for quick transfers in and quick transfers out.

We need someone to post the full terms & conditions here.

JesseJames_2

[FONT=&quot]Saved the full pdf...[/FONT]

[FONT=&quot]Additional Conditions for Barclays Blue Rewards[/FONT]
[FONT=&quot]You agreed to the Barclays Terms and Conditions for Personal Customers as set out in ‘Barclays and you’. These Additional Conditions are about Barclays Blue Rewards, and they add to and amend the terms in that document. If there’s ever any inconsistency between these additional terms and the terms in that document, these Additional Conditions will apply in relation to Barclays Blue Rewards.[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]Who can join Barclays Blue Rewards[/FONT]
[FONT=&quot]To join Barclays Blue Rewards, you need to be a resident in the UK for tax purposes and have an eligible current account with Barclays. You’ll need to nominate an eligible Barclays current account for Barclays Blue Rewards to get the benefits. Your account can be a joint account, but only one of you will be able to join Barclays Blue Rewards from that account – so we’ll tell the other person if you join so they know they can’t also use that account to join Barclays Blue Rewards.[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]If you have a Cash Card account, a Young Person’s account, BarclayPlus, a foreign currency account, or a Barclays Wealth or Barclays Business account, we’re sorry, these are not eligible current accounts and you can’t use these to join Barclays Blue Rewards at the moment. However, we will keep reviewing and adding to the range of accounts that are eligible for Barclays Blue Rewards.[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]The monthly fee[/FONT]
[FONT=&quot]We charge a fee of £3 each month. Your monthly fee will be taken from your nominated account on the 1st of each month (or if that’s a weekend or bank holiday, the next working day). The first monthly fee will be taken in the month after you join Barclays Blue Rewards. It will show in your statement as ’Blue Rewards fee’.[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]What you have to do to earn Barclays Blue Rewards[/FONT]
[FONT=&quot]To earn Barclays Blue Rewards, you must do three things each calendar month:[/FONT]
[FONT=&quot]1. [/FONT][FONT=&quot]You must have at least £800 paid into your nominated current account, for example through your salary or pension (some payments won’t count towards the £800 – please see below).[/FONT]
[FONT=&quot]2. [/FONT][FONT=&quot]You must make at least two different direct debit payments from your nominated current account.[/FONT]
[FONT=&quot]3. [/FONT][FONT=&quot]You must pay the monthly fee.[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]When working out how much you have paid into the account, we will ignore:[/FONT]
· [FONT=&quot]Amounts received from other personal Barclays accounts in your name, including any joint accounts or savings accounts.
(If money is paid in from a Barclays Business Account, this will count towards your qualifying amount)[/FONT]
· [FONT=&quot]Amounts paid out from your Rewards Wallet[/FONT]
· [FONT=&quot]Any interest that we pay you[/FONT]
· [FONT=&quot]Any refunds you receive from us.[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]As long as you do these three things in the previous calendar month, we’ll add a Loyalty Reward of £7 to your Rewards Wallet on the 1st of each month (or if that’s a weekend or bank holiday, the next working day).[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]Please check the Barclays Blue Rewards website barclays.co.uk/bluerewards for details of the additional offers that you can qualify for when you join Barclays Blue Rewards. For example, you can earn rewards if you hold or take out a Barclays residential mortgage product, or if you take out a Barclays homeinsurance product after you have joined Barclays Blue Rewards, and you can earn a higher rate of cashback when you buy through Barclays SmartSpend too. We’ll keep the website updated with new[/FONT]
[FONT=&quot]offers that you can qualify for and we’ll explain on the website how and when you can get these additional Barclays Blue Rewards and the additional terms that apply. We’ll add them to your Rewards Wallet as long as you are a part of Barclays Blue Rewards and you have done and continue to do the three things set out above in ‘What you have to do to earn Barclays Blue Rewards’.[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]The rewards that you’ll receive for being part of Barclays Blue Rewards may be subject to income tax and you may need to declare them to H M Revenue & Customs.[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]Your Rewards Wallet[/FONT]
[FONT=&quot]We add any rewards you earn into your Rewards Wallet, which you can access through Online Banking or Barclays Mobile Banking. You can see the amount of rewards that you have earned, and your available balance. You can ask for a payout of your rewards from your Rewards Wallet at any time through Online Banking or Mobile Banking into your other Barclays accounts. You are not permitted to put money into your Rewards Wallet directly, and you won’t get a cheque book or any card with your Rewards Wallet.[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]Section 10 of the Retail Customer Agreement (sharing information about you with tax authorities abroad) explains our obligations to report information to tax authorities. This means the balance in your Rewards Wallet will be treated as an account, and may be included within any relevant tax reporting required by that condition[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]Cancelling Barclays Blue Rewards[/FONT]
[FONT=&quot]If you want to cancel Barclays Blue Rewards, you can do so at any time either through Online Banking or the Barclays Mobile Banking app. If you cancel within the first 14 days of receiving these Additional Conditions and you have already paid a monthly fee, we’ll refund the fee, unless you have already received any rewards in to your Rewards Wallet. We may cancel Barclays Blue Rewards immediately if you close your nominated current account or are no longer resident in the UK for tax purposes. We may also cancel Barclays Blue Rewards if you fail to meet the three conditions to earn Barclays Blue Rewards. We will give you two months’ notice before cancelling but we will not cancel if you start meeting the conditions again before then. If we or you cancel Barclays Blue Rewards:[/FONT]
· [FONT=&quot]Any balance shown in your Rewards Wallet will be paid into your nominated current account.[/FONT]
· [FONT=&quot]You will no longer be eligible for any pending Rewards (such as Loyalty Reward and mortgage or insurance rewards that are for the term of the product) that have not yet been shown in your Rewards Wallet[/FONT]
· [FONT=&quot]Any pending SmartSpend cashback will be credited into your nominated current account but not at the higher rate[/FONT]
· [FONT=&quot]We will no longer charge you the Barclays Blue Rewards monthly fee in future months.[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]Keeping you informed[/FONT]
[FONT=&quot]We’ll always keep you informed about the rewards you’re getting and how they may change over time. We’ll send information about your Barclays Blue Rewards to you electronically using texts, email, Cloudit and other digital methods. We will not send paper statements or letters about your Rewards, as all communication is online. If you want to talk to us about Barclays Blue Rewards you can contact us in any of the usual ways, including at a branch and by phone.[/FONT]
[FONT=&quot] [/FONT]
[FONT=&quot]Barclays Bank PLC. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702). Registered in England. Registered No. 1026167. Registered Office: 1 Churchill Place, London E14 5HP.[/FONT]

[FONT=&quot]xxxxxxx 01/15[/FONT]

Steve_xx

Excellent. Many thanks JesseJames.

It's looking like it's better to hold off applying for Blue Rewards until 1 May given the problem with the two DD's that would not be able to be paid this month due to lack of time.

Of course this would not apply to existing Barclays customers who already have two DD's setup on their accounts.

Archi_Bald

JesseJames wrote: »

Just posted on the other MSE thread that existing mortgages don't qualify for the £5 mortgage bonus.

And I commented that I believe they do, according to the Barclays website, and according to the terms you posted here.

EDIT: see the other thread...Barclays are contradicting themselves. I am not sure which statement is true.

ColdIron

Archi_Bald wrote: »

And I commented that I believe they do, according to the Barclays website, and according to the terms you posted here.

And I followed up with another statement which seems to positively rule it out again

See post #33 in https://forums.moneysavingexpert.com/discussion/5224247

ColdIron

Steve_xx wrote: »

It's looking like it's better to hold off applying for Blue Rewards until 1 May given the problem with the two DD's that would not be able to be paid this month due to lack of time.

Of course this would not apply to existing Barclays customers who already have two DD's setup on their accounts.

I am not so sure about this

If you apply today, when they check on 1/5 you won't have satisfied the DD requirements but neither will you have paid the £3 in the previous month

If you start after 1/5, when they check on 1/6 you may have satisfied the DD check but still not the monthly fee in the previous month so won't get the £7 then either

If however you start today they will deduct the £3 on 1/5 and you will be rewarded for it on 1/6

In essence you will be rewarded in arrears so you might as well start now

That's how I read it but am happy to be corrected

Dizzee_Rebel

banjobob59 wrote: »

Have just opened a Barclays Current Account online but not yet joined Blue Rewards. I am waiting for my online banking code etc. However reading the info on the Blue Rewards info pages I noticed this paragraph.
~~~~~~~~~~~~~~~~~
We'll check your chosen account on the first working day of each month to make sure that you did the following in the previous month:
•Paid in at least £800 (conditions apply) – you can read the terms and conditions by selecting 'View my rewards details' on your rewards homepage
•Paid out at least 2 Direct Debits
•Paid the £3 monthly fee

What does the (conditions apply) refer to when paying in the £800 pcm. Are they going to check for quick transfers in and quick transfers out.

I was in my local branch yesterday querying the £800, the personal adviser said they will be checking to see that its from wages/pension and internal transfers don't count. Having said that I can't find anything in the terms stating it can't come from an external transfer. Think they're just trying to make you think you have to use it as your main account.