Barclays Blue Rewards

Ed-1

Nicholas wrote: »

That's because a calender month for Halifax starts on the 2nd of the month and ends on the 1st of the following month.

A monthly billing period does; however a calendar month by its very definition is one of the 12 months of the calendar year.

Steve_xx

ColdIron wrote: »

Precisely, the thing to get your head around is that you are charged in one month and rewarded in arrears at the start of the next month

In Steve_xx's example

May
Pay no fee (critically)
Get no reward
Pay DDs

June
Pay £3 fee
Get no reward because you paid no fee in the previous month although you did pay DDs
Pay DDs

July
Pay £3 fee
Get £7 reward because you paid fee and DDs in the previous month
Pay DDs

All you've done is put off the reward for a month

For clarity, if you start now

April
Pay no fee
Get no reward
Pay no DDs

May
Pay £3 fee
Get no reward because you paid no fee or DDs in the previous month
Pay DDs

June
Pay £3 fee
Get £7 reward because you paid fee and DDs in the previous month
Pay DDs

Ok so based on what you say latterly, on 1 June I'm only £1 ahead of the game. So it's not until July that I get into big money!

ColdIron

Steve_xx wrote: »

Ok so based on what you say latterly, on 1 June I'm only £1 ahead of the game. So it's not until July that I get into big money!

All I'm saying is that you are rewarded in arrears and won't get into the big spondoolies (£4 = £7 - £3) until you have satisfied the T&Cs which takes a complete month

If you feel you are being gypped (ahead or behind the game) think about it this way, if you decide to cancel Blue Rewards in say September, you will get the full £7 in October without a £3 fee being deducted, all other things being equal (£800 and DDs paid in September) so you're back square again

Ed-1

ColdIron wrote: »

If you feel you are being gypped (ahead or behind the game) think about it this way, if you decide to cancel Blue Rewards in say September, you will get the full £7 in October without a £3 fee being deducted, all other things being equal (£800 and DDs paid in September) so you're back square again

Actually that's ruled out in the terms and conditions:

If you decide to cancel:
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.

ColdIron

Ed-1 wrote: »

Actually that's ruled out in the terms and conditions:

If that's true (and I am beginning to lose the will to live about this one ) then maybe we are being gypped by £3 loss of reward many years ahead but it still should make no difference whether you start now rather than May

Ed-1

ColdIron wrote: »

If that's true (and I am beginning to lose the will to live about this one ) then maybe we are being gypped by £3 loss of reward many years ahead but it still should make no difference whether you start now rather than May

I bet someone posts on here on 1st May that they've received a reward .

Steve_xx

Well I think we make a great team in delving into these terms and conditions and attempting to decipher them.

Now, I think I'll go and try and sort Greece out for a while......

Archi_Bald

Steve_xx wrote: »

Now, I think I'll go and try and sort Greece out for a while......

Greece looks a whole lot simpler to me than this Barclays Blue stuff. I have decided I'll pass on it entirely.

Steve_xx

Archi_Bald wrote: »

Greece looks a whole lot simpler to me than this Barclays Blue stuff. I have decided I'll pass on it entirely.

Yes it's far too complicated, or maybe we just made it so! Why do the banks always have to make such a hash of all they do?

Steve_xx

I just had a webchat with Barclays. I meant to save it and post the log here but somehow closed it before I could copy it.

However, as ColdIron stated, it seems that if I was to join today then I would pay the first £3 at start if May, but as I've not got the two DD's sorted for April then I wouldn't get the reward. At the start of June I pay another £3 and providing I pay in the £800 deposit, pay the two DD's then I'll get the first £7 paid into the electronic wallet. So I'll be a quid up. It wont be until the start of July when I'm into the bigtime of £4 a month.

The person on the webchat was all over the place and it took some doing to get to this point. I'm not sure that the person was competent and I felt as though I was driving the conversation as there were a few erroneous responses. So I'm still a tad unsure as to whether Barclays would actually cough up the £7 at start of May if I fulfilled all but the two DD requirement.