We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Barclays Blue Rewards - Changing

Options
25hjxuh.png

What does it mean the reward will be in a form of CASHBACK?

Comments

  • It's worded in a way to remove any tax liability.

    Smart of them.
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    Bit late though.
  • xylophone
    xylophone Posts: 45,602 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Perhaps Halifax and Co-op will follow suit......:)
  • xylophone wrote: »
    Perhaps Halifax and Co-op will follow suit......:)
    Halifax will take years to change anything lol.
  • polymaff
    polymaff Posts: 3,950 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It is an interesting interpretation of Cashback for those whose DDs are less than £3.50 :)
  • Flobberchops
    Flobberchops Posts: 1,279 Forumite
    1,000 Posts Fifth Anniversary Combo Breaker
    edited 23 November 2016 at 8:13PM
    polymaff wrote: »
    It is an interesting interpretation of Cashback for those whose DDs are less than £3.50 :)

    It's not the value of the DDs that matters, it's the number. If you have 2 DDs you get £7 (£4 after fees), and if you have one DD you get £3.50 (50p after fees).

    [edit] I do see your point though. You're getting cash *back*, but not necessarily your own... never mind the why and wherefore, eh?
    : )
  • polymaff
    polymaff Posts: 3,950 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It's not the value of the DDs that matters, it's the number. If you have 2 DDs you get £7 (£4 after fees), and if you have one DD you get £3.50 (50p after fees).

    [edit] I do see your point though. You're getting cash *back*, but not necessarily your own... never mind the why and wherefore, eh?

    q u i t e :)
  • I must have imagined it but I thought I'd read they were removing the DD requirement for Barclays Blue Rewards. Did I imagine it? Can't find anything online about it.
  • polymaff
    polymaff Posts: 3,950 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I must have imagined it but I thought I'd read they were removing the DD requirement for Barclays Blue Rewards. Did I imagine it? Can't find anything online about it.

    "We’ll give you £3.50 cashback monthly for your first 2 Direct Debit payments. You’re eligible if you pay in at least £800 to your account and pay the £3 fee each month."
  • Flobberchops
    Flobberchops Posts: 1,279 Forumite
    1,000 Posts Fifth Anniversary Combo Breaker
    I must have imagined it but I thought I'd read they were removing the DD requirement for Barclays Blue Rewards. Did I imagine it? Can't find anything online about it.

    That's correct. The only requirements are now the £3/mo fee and an average monthly deposit of £800.

    You'll only receive cashback however if you have at least one DD, meaning you'll have a net 50p profit for one DD and £4 for two.

    What's the point if you have no DDs, I hear you cry? Blue Rewards would still make you eligible for enhanced cashback through SmartSpend. Meaning if you regularly do a lot of purchases online, the extra cashback may offset the monthly fee and still leave you with a profit.
    : )
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.6K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.