Barclays blue worth it to sign up?

ivtechcivic
ivtechcivic Posts: 58 Forumite
Third Anniversary 10 Posts Name Dropper
edited 18 December 2023 at 9:02AM in Budgeting & bank accounts
Hey all. 
I saw Barclays Blue Reward advert on my account. 
Pay £5 a month to own the account.
But you get £5 from Barclays for adding 2 direct debits which I have.
You get cash back for spending at stores. 

I want to know if it is worth it owning an account. I can see a dispute thread whereas people are complaining about not getting their £10 or something.

When I checked the list of cashback companies, there were bit even a lot. 
I use my Barclays freedom credit card to buy ALL things, and get point cashbacks. Also credit card is secure as I can get my money back if someone screws me over goods n sales. 

So I want to know, is it really worth having this account?
Thank you 
«1

Comments

  • When I checked the list of cashback companies, there were bit even a lot. 



    Errr......pardon?
    I came into this world with nothing and I've got most of it left.
  • I have Blue rewards, because Barclays are my main current account provider (due to having an offset mortgage with an almost unbeatable rate for the life of the mortgage).
    This means money transferred by standing order to a budgetting account which has blue rewards, and which has more than two active direct debits. That gets me the blue rewards £5
    The mortgage gets me another £3.

    The Rainy Day Saver has had a nil balance for months (got used for a few months before every other savings provider caught up and overtook).
    The Cashback rewards (a) doesn't work, and (b) even if it did, never had a deal worth chasing after (always beatable by TopCashback or other deals).

    In short - one set of clicks (to transfer the rewards payout) earns me £3 a month. If I didn't have a mortgage with Barclays, I would have left them by now and the "Blue rewards or not" question would be a moot point.
    They haven't always been shambolic, but the 2023 objective of creating as many IT annoyances as possible for end customers seems to have been successful.


  • Thanks. Then I will forget about this. 
  • ColdIron
    ColdIron Posts: 9,692 Forumite
    Part of the Furniture 1,000 Posts Hung up my suit! Name Dropper
    I've had 3 * £10 in the last 3 months with Cashback Rewards simply by using one card rather than another. Happy with that, looking forward to another offer
  • Brewer21
    Brewer21 Posts: 368 Forumite
    Fourth Anniversary 100 Posts Name Dropper
    edited 22 December 2023 at 12:14PM
    I've had £10 for November and again for December with the cashback offers on (any) retailer spends of £200 using the debit card.
    The 'blue rewards' is a must to be in for that, £5 out £5 back in. Beyond December I don't know whether this cashback will be extended or that's it? Blue rewards retailer offer spends TBH hasn't got anything that interests me. No major retailers like your go to supermarkets or major high street shops, so pretty worthless I guess to your average account holder, is it?
    Keeping the account for now and using it, could be useful later and I only have to circulate £800 in/out if keeping blue rewards and the 2 DD of course but that can be ditched if an annoyance.
  • ColdIron said:
    I've had 3 * £10 in the last 3 months with Cashback Rewards simply by using one card rather than another. Happy with that, looking forward to another offer
    That's great for you, but this offer was removed for some customers in early December without notice and these customers got nothing in cashback, despite spending the £200. Cashback rewards is very flawed and I'll be ditching it (and Barclays) once my second direct debit comes out for December.
  • AmityNeon
    AmityNeon Posts: 1,075 Forumite
    1,000 Posts Second Anniversary Photogenic Name Dropper
    ColdIron said:

    I've had 3 * £10 in the last 3 months with Cashback Rewards simply by using one card rather than another. Happy with that, looking forward to another offer

    That's great for you, but this offer was removed for some customers in early December without notice and these customers got nothing in cashback, despite spending the £200. Cashback rewards is very flawed and I'll be ditching it (and Barclays) once my second direct debit comes out for December.

    Why wait until your second direct debit comes out to leave? Why keep the direct debits at all if you have no intention on keeping the account until at least the second working day of January?

  • EarthBoy
    EarthBoy Posts: 3,174 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Brewer21 said:
    Blue rewards retailer offer spends TBH hasn't got anything that interests me. No major retailers like your go to supermarkets or major high street shops, so pretty worthless I guess to your average account holder, is it?
    The offers vary from person to person.  I've currently got 10% off at Morrisons if I spend over £30, so it's definitely worth it for me. 
  • Nasqueron
    Nasqueron Posts: 10,410 Forumite
    Tenth Anniversary 10,000 Posts Photogenic Name Dropper
    There is currently a general 5% cashback up to £10 (the one that ends this month) and plenty of offers if they happen to work out for you - nothing really appeals to me on there at the moment but I'll see what they have in January and if nothing works out, cancel the blue for the moment so I'm only down the initial £5 - £175 switch and 2x £10 cashback is still a good deal

    Sam Vimes' Boots Theory of Socioeconomic Unfairness: 

    People are rich because they spend less money. A poor man buys $10 boots that last a season or two before he's walking in wet shoes and has to buy another pair. A rich man buys $50 boots that are made better and give him 10 years of dry feet. The poor man has spent $100 over those 10 years and still has wet feet.

  • Nasqueron said:
    There is currently a general 5% cashback up to £10 (the one that ends this month) 
    Not general, it isn't available to everyone.
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