Any reason to keep Barclays blue rewards when rainy day saver interest rate no longer highest????

davidm1
davidm1 Posts: 88
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edited 12 November 2023 at 5:39PM in Savings & investments
At 5.12% , my other saving account are higher than this.

Any reason to keep it???

I paid £5 and I get £5 for 2 DD

One of these day, my CC will be zero and no DD will be taken and I will be annoyed for the £5 fee......

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  • In hope that it’ll increase in the future, that’s about all I’ve got… 
  • wmb194
    wmb194 Posts: 3,131
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    edited 12 November 2023 at 6:32PM
    davidm1 said:
    At 5.12% , my other saving account are higher than this.

    Any reason to keep it???

    I paid £5 and I get £5 for 2 DD

    One of these day, my CC will be zero and no DD will be taken and I will be annoyed for the £5 fee......

    At the moment there's a 5%, £10pm Blue Rewards cashback offer on debit card spending in November and December. 


    I'm still using the Rainy Day Saver as a working capital account because it's easy to move money to and from Barclays from elsewhere and I trust it more than e.g., Santander where I have the 5.2% saver not to block my account for spurious 'fraud' checks.
  • I cancelled my Blue Rewards as I am no longer using the Rainy Day Saver but kept my 2 DDs going, with a view of using my Barclays account for a switch at some stage. I came to regret the cancelling when they announced the 5% promo, worth £30 by end of December. It was really difficult to re-start Blue Rewards, despite them saying they'd love to have you back.  I have so far got £20 cashback from the 5% promo, and am positive that I will get the remaining £10 in early December. There was also a 7% cashback at Currys which came in handily as I was buying a large appliance.

    I will now keep my Blue Rewards going, just in case they come up with another interesting promo, or in case I can make use of another cashback offer.
  • Signup to the Blue Rewards cashback offer mentioned above also offers access to higher % cashback offers at certain retailers, so if there’s something you have your eye on or a restaurant you visit regularly, that’s an additional bonus/incentive. 

    For example, I bought a couple of Breton tops at Boden as I wanted to stock up on those anyway, so was happy to go for the 10% cashback with that order. Otherwise I’ve been happy with my 5% cashback on general debit card spending. 



  • davidm1
    davidm1 Posts: 88
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    Thanks. Was not aware of the current CB promotion. Have now did £200 to nsi, let's hope it track
  • Zaul22
    Zaul22 Posts: 318
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    edited 12 November 2023 at 8:22PM
    Looking specifically now but I never saw anything to say it ends.

    Oh it does, bummer I put away my chase card thinking this would always be better. 
  • Zaul22 said:
    Looking specifically now but I never saw anything to say it ends.

    Oh it does, !!!!!! I put away my chase card thinking this would always be better. 
    Yes it only runs through to end December.  Max £20 now to get, unless you have already got your £10 for Nov, in which case all you can get from the 5% offer is another £10
  • B0bbyEwing
    B0bbyEwing Posts: 1,177
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    Already made moves to get rid of it tbh.

    Right now I have 10k sitting between the wife & I in Barclays.

    When the Ulster account finally opens, which feels like I'll be retired by the time it happens at the speed it's going, I'll just move the whole lot there, shut down the blue rewards & leave £1 in Barclays ready for either a better rate or a bank switch. Will be a whole lot less faffing about too what with direct debit hurdles & account crediting.
  • davidm1 said:
    Thanks. Was not aware of the current CB promotion. Have now did £200 to nsi, let's hope it track
    Might not accept NS&I  as a retailer
  • masonic
    masonic Posts: 22,914
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    35har1old said:
    davidm1 said:
    Thanks. Was not aware of the current CB promotion. Have now did £200 to nsi, let's hope it track
    Might not accept NS&I  as a retailer
    It has been reported elsewhere that they do.
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