Barclays Current Account and Blue Rewards

xlnc99

Its clear as night and day that there are alot of people giving conflicting answers on here. Some say its in arrears, other say its not. Some say its one calender month since when you join that you will get charged for and some say its not. No-one really knows, Barclays have exploited a loophole meaning most customers who join will have to pay a fee without getting their reward. From month 2 onwards the reward will come

xlnc99

carpy said:

xlnc99 said:

So many conflicting answers here! Barclays are crooks!

@carpy - They all charge a fee, halifax, bos and club if i dont put in money or DD each month

halifax reward and bos vantage don't charge me a fee!!.....and club lloyds gets waived as i fund it with required deposit a month!!

Yes, same with all three. 

lloyds - 1500 deposit or a monthly fee
halifax rewards - 1500 must be paid plus conditions or 3 pound fee
bos vantage - 1000 must be paid in or 3 pound fee

kaMelo

As Barclays wrote the terms and conditions it's not exactly a loophole, it's by design.  And they are not crooks according to the High Court, (goodness only knows how the SFO cocked that one up)

Oh, and nothing to see here regarding December rewards.

colsten

xlnc99 said:

Yes, same with all three. 

lloyds - 1500 deposit or a monthly fee
halifax rewards - 1500 must be paid plus conditions or 3 pound fee
bos vantage - 1000 must be paid in or 3 pound fee

Halifax do presently not charge any fee for their Reward account. You have a choice whether to stay on the Reward when it becomes chargeable later in the year, or to downgrade to a normal account. The monthly fee is easily avoidable, just like with the Club Lloyds account.

BoS Vantage has never charged a fee, and BoS have not announced any plans for a fee for that account.

The terms of all those accounts are crystal clear. I still can't see what they have to do with your issue with the Barclays Blue Reward.

xlnc99

colsten said:

xlnc99 said:

Yes, same with all three. 

lloyds - 1500 deposit or a monthly fee
halifax rewards - 1500 must be paid plus conditions or 3 pound fee
bos vantage - 1000 must be paid in or 3 pound fee

Halifax do presently not charge any fee for their Reward account. You have a choice whether to stay on the Reward when it becomes chargeable later in the year, or to downgrade to a normal account. The monthly fee is easily avoidable, just like with the Club Lloyds account.

BoS Vantage has never charged a fee, and BoS have not announced any plans for a fee for that account.

The terms of all those accounts are crystal clear. I still can't see what they have to do with your issue with the Barclays Blue Reward.

When i upgraded to the halifax current account the other week i agreed to the monthly fee (whenever it starts) obviously waived if i meet the requirements. Same as club lloyds. My mistake on BOS - no fee but 1k must be paid in.

The reason i brought this up is because i am thinking i maybe charged a fee by these banks too like barlcays have done with me as i signed up late during the month and they will pull a fast one like barclays saying i didnt meet the requirements. 

EarthBoy

xlnc99 said:

Its clear as night and day that there are a lot of people giving conflicting answers on here. ..... No-one really knows

Barclays know, they wrote the terms and conditions. If you think the advice you've been given on here is contradictory, why don't you go and read those terms and conditions for yourself, and find out the correct answer?  I gave you a link to the terms and conditions, but here's that link again to make it easy for you:
https://www.barclays.co.uk/current-accounts/blue-rewards/

colsten

xlnc99 said:

 My mistake on BOS - no fee but 1k must be paid in.

No, you don't have to pay £1k into BoS each month. You just won't earn any interest if you don't. But then the question is why would anyone want to keep money in BoS Vantage for interest purposes when there are better options for earning interest.

xlnc99 said:

The reason i brought this up is because i am thinking i maybe charged a fee by these banks too like barlcays have done with me as i signed up late during the month and they will pull a fast one like barclays saying i didnt meet the requirements. 

I think you may be over-thinking things. Why not just calmly sort out your issue with Barclays, as and when Barclays have time to deal with customers who might be missing three pounds for one reason or other.

[Deleted User]

EarthBoy said:

kaMelo said:

What I did do is comply with DD's and pay in amount in November but only switched on Blue Rewards on Nov 29th.
I don't know whether I got paid rewards when I shouldn't have been (in December) or not charged a fee when I should have been (November)  but I definitely haven't been charged a fee in a month (November) when I didn't receive a reward also. 

The first fee is taken the month after you join Blue Rewards, which you have said it was, so the fee was taken on the correct date.  You shouldn't have received the Blue Rewards until January so getting them in December was a win for you. :-)

Not really - the reason they don't charge in month zero is that they always look the previous month for the credit / dd eligibility. If they didn't, you have the fee but no cashback in month zero.

EarthBoy

dahj said:

EarthBoy said:

kaMelo said:

What I did do is comply with DD's and pay in amount in November but only switched on Blue Rewards on Nov 29th.
I don't know whether I got paid rewards when I shouldn't have been (in December) or not charged a fee when I should have been (November)  but I definitely haven't been charged a fee in a month (November) when I didn't receive a reward also. 

The first fee is taken the month after you join Blue Rewards, which you have said it was, so the fee was taken on the correct date.  You shouldn't have received the Blue Rewards until January so getting them in December was a win for you. :-)

Not really - the reason they don't charge in month zero is that they always look the previous month for the credit / dd eligibility. If they didn't, you have the fee but no cashback in month zero.

Yes, really.  The reason they don't charge in month zero is because the terms and conditions states that they won't charge in month zero; it's nothing to do with anything from the previous month:
"The first monthly fee will be taken in the month after you join Barclays Blue Rewards."
https://www.barclays.co.uk/current-accounts/blue-rewards/      -see under "Additional conditions for Barclays Blue Rewards".

Tildaplum

Can't believe the Eight Pages of posts on this it is very simple..

Jan - you turn on blue rewards - any day will do -  nothing happens (other than you get a welcome email)

Feb on the 2nd or thereabouts you get charged £4 - nothing else happens

Mar - on the 2nd or thereabouts you get charged £4.   In addition the blue rewards system looks at the previous month i.e. February and checks a. have you paid £4  b. have you paid in £800. If so you get paid rewards based on February direct debits etc

And so on.