Barclay's Blue Rewards Removing £5 Reward

Middle_of_the_Road

This news has prompted me to leave Blue Rewards which I only had for the Rainy day saver. Will keep the current account with the direct debits for a possible future switch. It's the only bank I'm with I would be happy to leave, due to them having no regular saver option.

wiseonesomeofthetime

I have had my Barclays account practically dormant, bar two DDs, for ages now, waiting for a switch offer that I am actually eligible for to come along, but alas it seems it is not meant to be, as done them all and likely to be a while, if ever, that I qualify again.

WillPS

jameseonline said:

Zanderman said:

All Blue Rewards members can now access an Apple TV+ subscription worth £8.99 a month, and watch every Major League Soccer match with an MLS Season Pass subscription, worth £14.99 a month during the season (we’ll update your T&Cs to include this from‌ ‌1 July‌)

Not remotely appealing to anyone (and there are lot of us - perhaps Barclays marketing people don't know that though) who don't follow football at all.

Even worse for those who don't want or need Apple TV.

An actual fiver is much more useful!

Seems very American tbh, not necessarily a bad thing but out of app the TV subscription things how many people in the UK are going to say they have or want to have Apple TV?, I'm willing to bet very little, Disney+ is dominant.

Maybe they could have offered Paramount+ or Netflix or Amazon Prime (those rank higher than Apple TV) or magazine subscriptions or something.

You could have argued the same about Netflix 14 years ago. There's probably more new series which I'm interested in appearing on Apple TV than any other TV streaming platform now.

The biggest 'issue' with paying a fiver for it is that it can so easily be had for free, so I wouldn't recommend paying a fiver for it. As a Premier customer it's a great freebie tho.

Same can be said for the other Blue Rewards benefits - they're good for nothing but not for more.

surreysaver

Just started using the Rainy Day Saver again instead of the Santander 5 2% one for my spare cash. Blue Rewards not worth it for me, so my Barclays will just sit there doing nothing in case it becomes useful again in the future 

quirkydeptless

My Barclays Rewards was slightly loss making as with a net £0 reward gain and my DDs going to Ecology BS (nice society but not leading rates) and I can get better rates on its associated saver.

I'm not bitter as I made a nice amount through switching to it when it was double bubble. I've just shut everything down Today, so that's one less bank with anything interesting going on.

This seems to be a trend and with just Lloyds/Halifax group, Nationwide/RBS group and Santander 123 Lite left I wondering when these will cut their rewards too

Katiehound

quirkydeptless said:

 I've just shut everything down Today, so that's one less bank with anything interesting going on.

 

Hope it is there just ticking away, waiting for a switch deal to come along.......and not actually closed!

Please don't suggest to other banks that they should stop / close/ 'improve' their rewards!!

WillPS

quirkydeptless said:

This seems to be a trend and with just Lloyds/Halifax group, Nationwide/RBS group and Santander 123 Lite left I wondering when these will cut their rewards too

123 Lite is already closed to new applications, as is the 123 account for that. I suspect at some point we'll be transitioned to Edge/Edge Up, which will more or less cut what my wife and I earn from them in half (but still no better option for those DDs, so will probably keep it when they do).

Nationwide and RBS are nothing to do with eachother. The former has just paid £100 to eligible members with a current account (and either savings or a mortgage) for the second year running, and has indicating without committing that they would like those payments to continue. The latter is owned by Natwest Group who were marking their Reward accounts (at Natwest and RBS) a fair bit earlier this year to co-incide with their £200 switching bonus.

Lloyds have just pumped a fair bit of money in to a marketing relaunch of the Club Lloyds account, so I can't see that going anywhere just yet. It's been a while since I've seen Halifax Reward pushed in any meaningful way though... 

quirkydeptless

WillPS said:

quirkydeptless said:

This seems to be a trend and with just Lloyds/Halifax group, Nationwide/RBS group and Santander 123 Lite left I wondering when these will cut their rewards too

123 Lite is already closed to new applications, as is the 123 account for that. I suspect at some point we'll be transitioned to Edge/Edge Up, which will more or less cut what my wife and I earn from them in half (but still no better option for those DDs, so will probably keep it when they do).

Nationwide and RBS are nothing to do with eachother. The former has just paid £100 to eligible members with a current account (and either savings or a mortgage) for the second year running, and has indicating without committing that they would like those payments to continue. The latter is owned by Natwest Group who were marking their Reward accounts (at Natwest and RBS) a fair bit earlier this year to co-incide with their £200 switching bonus.

Lloyds have just pumped a fair bit of money in to a marketing relaunch of the Club Lloyds account, so I can't see that going anywhere just yet. It's been a while since I've seen Halifax Reward pushed in any meaningful way though... 

Yes, had a brainfart, meant to say NatWest

MSE_Emily

Hi all, 

Just letting you know we've just published a story on this:

Barclays to axe Blue Rewards monthly cashback - should you ditch it now?

Thanks so much!

ColdIron

No mention of changes to Premier customers. Many here will know already but it would have helped those that don't