Barclays Blue Rewards

Daliah

Katiehound said:

Add Barclays to the switch list. 

Definitely.

anna42hmr

oh well that will be another account biting the dust. Might look into the detail of the RSB/Natwest rewards accounts to see if they are worthwhile.  

Shakin_Steve

lambshank13 said:

It's not looking good. I asked Barclays through the in-app chat the other day and this is what they told me. There was no mention of when the changes would take effect.  Hope this is helpful.

That doesn't make sense. Obviously, no one would pay £5 to receive £5. I'm wondering if the csa meant £5 per direct debit.

NedS

Shakin_Steve said:

That doesn't make sense. Obviously, no one would pay £5 to receive £5. I'm wondering if the csa meant £5 per direct debit.

You are not paying £5 to receive £5, but rather there is a £5 monthly fee for being a member of the Blue Rewards programme, which is being reimbursed if you meet the conditions.

mab3000

Shakin_Steve said:

lambshank13 said:

It's not looking good. I asked Barclays through the in-app chat the other day and this is what they told me. There was no mention of when the changes would take effect.  Hope this is helpful.

That doesn't make sense. Obviously, no one would pay £5 to receive £5. I'm wondering if the csa meant £5 per direct debit.

Nope. Everything that has been said in this chat transcript is correct. 

MDMD

NedS said:

Shakin_Steve said:

That doesn't make sense. Obviously, no one would pay £5 to receive £5. I'm wondering if the csa meant £5 per direct debit.

You are not paying £5 to receive £5, but rather there is a £5 monthly fee for being a member of the Blue Rewards programme, which is being reimbursed if you meet the conditions.

It’s a bit like Club Lloyds - you pay £3 and get £3 back if you meet the criteria they set. Then you get the rewards, interest, RS account etc (admittedly not as good as they used to be).

Shakin_Steve

Ok. So we'll get £8 for £5, not interested in any of the other offers if they are pretty much the same as now, with cashback at certain retailers, etc.

deejaybee

Shakin_Steve said:

Ok. So we'll get £8 for £5, not interested in any of the other offers if they are pretty much the same as now, with cashback at certain retailers, etc.

Same here, have mortgage with them... so £8 "profit" a month goes down to £3....

Not happy about that, but will keep the account as the online banking is convenient for overpaying the mortgage.

Will carry on trickling the blue rewards into Coinbase haha

MSE_Emily

Barclays is hiking its monthly Blue Rewards membership fee for hundreds of thousands of customers from March next year. The bank is also slashing the cashback it pays those who hold both a Barclays current account and a mortgage. The shake-up means many customers will be better off switching - and now's a good time to do so with cash bonuses of up to £150 available elsewhere...

Read full story here:

Barclays to hike Blue Rewards fees for 100,000s of customers and cut cashback for many others

anna42hmr

well that's made the decision easier, farewell it is for me to barclays then, as only have the current account with them, so no longer worth it for me once the changes commence.