What will you do with your old Barclaycard Amex ?

NoviceAngel

This is a follow up to https://forums.moneysavingexpert.com/discussion/5644781

There has been a lot of discussion about this, but I thought it would be interesting to do a quick poll.

michaels

I mostly rotate 5% points and cashback amex intro offers between myself and DW. the points you can collect the point sin the first 3 months, convert to another points wallet and close the card and repeat 6 months after closing. The cashback takes a bit longer as you can not claim the cash till after 12 months after opening then again close and wait 6 months. Luckily the points and cashback are completely separate in terms of qualifying for new customer offers.

I do use the barclaycard 0.5% for places that don't take Amex.

gt94sss2

Changing to any other 0.5% card, Aqua / Nationwide

I will keep the Barclaycard but will use my TSB credit card in preference as it's a MasterCard that pays 1% cash back on the first £500 each month

NoviceAngel

Changing to Amex directly

gt94sss2 wrote: »

I will keep the Barclaycard but will use my TSB credit card in preference as it's a MasterCard that pays 1% cash back on the first £500 each month

I've already exhausted this option, I believe it's an introductory offer, that's the only reason I didn't include it in the poll.

NoviceAngel

Changing to Amex directly

michaels wrote: »

........

I do use the barclaycard 0.5% for places that don't take Amex.

I've just got a 0% purchase card and worked out that I can earn more interest on savings over 24 months to offset the 0.5% from barclaycard- obviously I need to be cautious and have the funds to pay back, it's terrible the lengths we have to go to these days just for an extra few percent

surreysaver

Changing to a 0% card ? M&S, Sainsburys, Santander

I'm getting the Santander 30 months 0% on purchases, as I can then offset against my mortgage. Will keep the Barclaycard 0.5% for the time being, though I won't be using it!

darren72

Changing to Asda £3p/m FEE 2% Asda 1% Elsewhere

surreysaver wrote: »

I'm getting the Santander 30 months 0% on purchases, as I can then offset against my mortgage. Will keep the Barclaycard 0.5% for the time being, though I won't be using it!

I hadn't thought about it that way. Not a bad way of doing it. I don't have a mortgage, but my money would still be earning interest (not a lot) but more at least 1%.

NoviceAngel

Changing to Amex directly

My thoughts so far,
It's interesting that 2 votes have come in on changing to an alternative 0.5% card, I'm struggling with that can anyone enlighten me to the benefits of changing to an identical 0.5% cashback rate? I guess you really don't like Barclaycard?

It's interesting the 0% IFP didn't get more votes, as I mentioned in the main thread, I got the M&S card for the 0% only to be issued with a very silly low credit limit, which then made the card effectively useless, so it's Amex directly for me, I have an old Blue Amex that pays 0.5% on the first £3,500 and 1% thereafter. My annual spend is only about 8k so my Amex Plat that pays 0.5% on the first 5k then 1% on spend between 5-10k and a whopping 1.25% on spend above 10k sadly will remain dormant.

The above rates are I believe no longer available to new customers. Both are old legacy cards.

Fingerbobs

Changing to any other 0.5% card, Aqua / Nationwide

NoviceAngel wrote: »

My thoughts so far,
It's interesting that 2 votes have come in on changing to an alternative 0.5% card, I'm struggling with that can anyone enlighten me to the benefits of changing to an identical 0.5% cashback rate? I guess you really don't like Barclaycard?

Nationwide Select gives 0.5% cashback, and 0% interest on purchases for 12 months, so you get two bites of the cherry. That's one possible reason.