Barclays Blue Rewards - Changing

jumperabv3

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

PeacefulWaters

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

Smart of them.

bigadaj

Bit late though.

xylophone

Perhaps Halifax and Co-op will follow suit......:)

PeacefulWaters

xylophone wrote: »

Perhaps Halifax and Co-op will follow suit......:)

Halifax will take years to change anything lol.

polymaff

It is an interesting interpretation of Cashback for those whose DDs are less than £3.50

Flobberchops

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

Flobberchops wrote: »

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

supasaverbob

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

supasaverbob wrote: »

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

supasaverbob wrote: »

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.