Barclays Blue Rewards - worth it?

Graham1982

Hi guys:

I am in the process of becoming financially sensible i.e I got rid of my Barclays overdraft earlier in the year after many years of not dealing with it and therefore wasting money in fees for almost a decade (really smart). It is quite refreshing to receive a interest payment of a few pence every now and then rather than me paying Barclays £7 or whatever each month.

Right, hopefully you can see my reluctance to pay a £4 annual fee (yes it is only £4 but that is the attitude that I used to have several years ago that got me a huge credit card bill etc).
I have a loan with Barclays (two hundred quid left) and my salary is paid in to their account so over £800 pcm that they stipulate.

So, has anybody used Blue Rewards? Have you made more than £4 in a year from it?
I very rarely buy things with my card, I use the account to pay bills but I buy the odd take away and Greggs but not much else.

Thanks

Graham

trient

If you have two direct debits they pay you £7 so you're actually making money. You get more if you have other products with them (although you'd probably get better mileage elsewhere).

Also these days the rewards double (or treble) for a year if you switch an account into your Barclays one.

Pretty no brainer for keeping the account. The rewards seem rather rubbish though (like with most banks to be fair).

Neil_Jones

Think you mean £4 monthly fee, not annual

You can probably maximise your gains from your bills with a cashback account like the Natwest or Santander 123 Lite. I myself "make" £5.42 a month from Santander after the £1 fee. Then there are some cashback credit cards around that you can lump everyday spending onto but the more mainstream ones cap these at 0.5% per transaction that annually come off your balance. There is an Amex card that pays 5% (see the main site) but it's American Express.