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Barclays Blue Rewards - any pitfalls which I need to know about?

RetSol
Posts: 553 Forumite

In response to this week's round of perk reductions (123 Lite and Partnership credit card), I have signed up for Barclays Blue Rewards. Given my recent poor experience of Barclays, I have done this somewhat against my better judgement. As well as a current account, I have a mortgage with them. I have set up two DDs on the c/a and I can fulfill the funding requirement. This arrangement should net me £8.00 per month in rewards which seems a bit too good to be true to me. Are there any pitfalls which I may have overlooked?
I am not expecting this perk to remain intact for long.
I am not expecting this perk to remain intact for long.
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Comments
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Nothing specific but just should be aware that the money is always paid a month in arrears.0
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There are no 'pitfalls' as such if you do just use it for the cash rewards and hit the criteria each month. I think most people at this point have had a poor experience with Barclays which is why they are paying people to use their accounts :-) .
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afis1904 said:Nothing specific but just should be aware that the money is always paid a month in arrears.0
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jonnygee2 said:There are no 'pitfalls' as such if you do just use it for the cash rewards and hit the criteria each month. I think most people at this point have had a poor experience with Barclays which is why they are paying people to use their accounts :-) .0
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I must be the only person who likes Barclays. Getting triple blue rewards for two years in a row did help... but generally speaking I am fine with them. Great app and online banking, good mortgage rates, decent customer service (on par with others). Their savings accounts are terrible but it's not good to keep all eggs in one basket anyway...2
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magritte said:I must be the only person who likes Barclays. Getting triple blue rewards for two years in a row did help... but generally speaking I am fine with them. Great app and online banking, good mortgage rates, decent customer service (on par with others). Their savings accounts are terrible but it's not good to keep all eggs in one basket anyway...0
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magritte said:I must be the only person who likes Barclays. Getting triple blue rewards for two years in a row did help... but generally speaking I am fine with them. Great app and online banking, good mortgage rates, decent customer service (on par with others). Their savings accounts are terrible but it's not good to keep all eggs in one basket anyway...0
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IMO Barclays have the best online banking.0
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RetSol said:magritte said:I must be the only person who likes Barclays. Getting triple blue rewards for two years in a row did help... but generally speaking I am fine with them. Great app and online banking, good mortgage rates, decent customer service (on par with others). Their savings accounts are terrible but it's not good to keep all eggs in one basket anyway...
I am not sure whether I would agree Barclays haven't advertised their Blue Rewards scheme aggressively enough. I am not sure whether they ever sent me any emails about it, but I think they probably did. In any case, I found out about it, and I am not even a regular Barclays customer. So I would think a regular Barclays customer would also have found out about it. In fact, a friend of mine banked with Barclays all her life. She told me that Barclays told her about the Reward account several times. She always stopped reading after "we charge you £4 a month", even though Barclays say "Get up to £7 a month for using your account – we’ll give you £3.50 for each of the first two Direct Debits you pay." (I am glad to say she's been collecting her net rewards for almost a year now)
Anyway, here's the Barclays Blue Rewards info:
https://www.barclays.co.uk/current-accounts/blue-rewards/
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magritte said:I must be the only person who likes Barclays. Getting triple blue rewards for two years in a row did help... but generally speaking I am fine with them. Great app and online banking, good mortgage rates, decent customer service (on par with others). Their savings accounts are terrible but it's not good to keep all eggs in one basket anyway...
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