Barclays Blue Rewards

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.

wiseonesomeofthetime

I have no more switches to go for, however, will obviously cancel Blue Rewards. Becomes pointless account for me then.

granta

The Post Office DDs end in February so that aligns perfectly with the demise of Blue Rewards. Saves me a job in finding alternative DDs! Farewell PO and Barclays. 

WillPS

Devil is in the detail. If you get to multiply the reward payment (e.g. with CASS uses, as have previously been offered) then there is still life in it.

crumpet_man

How is there still in it?  May as well cancel the blue rewards and leave it as a standard account as a donor for a switch.

anna42hmr

WillPS said:

Devil is in the detail. If you get to multiply the reward payment (e.g. with CASS uses, as have previously been offered) then there is still life in it.

True but that surely only works if 1. they offer a double up incentive for the rewards and 2. that offer is also still open for existing customers.   

It has been a couple of years since they last offered a double up on the rewards ( i was able to benefit twice) but there is no telling if they will decide to do a double up bonus and also leave it open for existing customers as well.  

For me, it was good whilst it lasted, but I will switch elsewhere.  nothing stopping me applying for a new barclays account down the line if they do offer a switch/double up rewards down the line.  

But to be honest this seems to be a cost cutting exercise (possibly designed to reduce the number of current account only customers, especially as they are keeping extra rewards for mortgage/loan customers the same) so can't see them offering that for a while.   

wiseonesomeofthetime

I used it as a type of regular saver.

I gave them £4pm and they added £3pm to my savings.

Could get similar return if I switched to NatWest (not eligible for any incentive as getting RBS one), £2pm + £5pm, but cba tbh.

Daliah

For those just wanting to cancel their Rewards membership:

poshrule_uk

So should I cancel after getting February reward as any payment in March will be on the new T&C?