Barclays Switch Reward

Tula100

Is the new switch reward only if you apply through a mobile app?  I only do desktop banking.  Also I don't want to pay £5 a month.  MSE says 'However, you get £5/month cashback if you have 2+ direct debits paying out each month (these can be the two you switch to get the £175), so the £5/month fee is essentially waived.' but there is absolutely nothing about this on Barclays website.

mrmajika

Tula100 said:

Is the new switch reward only if you apply through a mobile app? 

Yes; app only.

Tula100 said:

MSE says 'However, you get £5/month cashback if you have 2+ direct debits paying out each month (these can be the two you switch to get the £175), so the £5/month fee is essentially waived.' but there is absolutely nothing about this on Barclays website.

From the Barclays website: Receive a £5 reward each month for having two or more Direct Debit payments. You’re eligible for this reward if the Direct Debits are successfully paid from your nominated current account.

The fee is essentially offset (rather than waived) if you fulfill the above. You get charged £5 and £5 put into your rewards wallet (which you can immediately withdraw to your current account should you so wish).

Zanderman

Tula100 said:

Is the new switch reward only if you apply through a mobile app?  I only do desktop banking.  Also I don't want to pay £5 a month.  MSE says 'However, you get £5/month cashback if you have 2+ direct debits paying out each month (these can be the two you switch to get the £175), so the £5/month fee is essentially waived.' but there is absolutely nothing about this on Barclays website.

You'd be better reading this up fully and first hand on the Barclays website (which definitely does describe what you say it doesn't) rather than the MSE summary.

Offer description is here: https://www.barclays.co.uk/current-accounts/switch-offer/

And terms in detail are here: https://www.barclays.co.uk/current-accounts/switch-offer/#1

Also there's a big thread about people's experience and questions here: https://forums.moneysavingexpert.com/discussion/6482594/barclays-175-switch-offer-new-customers-only-nov-1-30-2023/p1. 

PRAISETHESUN

As above, see the actual T&Cs from Barclays. It's all very prominent if you read through the full T&Cs of the offer, which you always should.

Yes you need to use the app to both apply for the current account and initiate the switch. And yes, you need to sign up for Blue Rewards on your new current account which has a £5/month fee associated with it.

Once the switch incentive is paid in Dec/Jan (depends on the date you switch) you can turn off Blue Rewards meaning you no longer have to pay the fee, but as described above if you jump through a few hoops you get a £5 monthly reward which offsets it.

Nickyno

How can you apply in the app?
I've downloaded the app but need to register on the app using account debit/credit card details which I don't have as I am not yet a customer. 

flaneurs_lobster

Nickyno said:

How can you apply in the app?
I've downloaded the app but need to register on the app using account debit/credit card details which I don't have as I am not yet a customer. 

Have you downloaded the BarclayCARD app rather than the Barclays bank one?

tryin

Nickyno said:

How can you apply in the app?
I've downloaded the app but need to register on the app using account debit/credit card details which I don't have as I am not yet a customer. 

When you first open the app there should be two options - either to register with an existing account, or to open a new account