You Can Get £132 If You Switch To Barclays

Elizabeth Elden
3rd May 2018, 8:00 AM
  • Follows First Direct in changing rewards for switching
  • Can earn at least £132 in the first year
  • Part of Barclays Blue Rewards
  • Cashback at Boots, Argos, and Debenhams
Barclays is giving customers £132 a year for switching. Image: Getty

Barclays has doubled its Blue Rewards scheme incentives for new and existing customers who switch an account to it.

Those who use the Current Account Switch Service to switch a non-Barclays account to the bank by the 29th June 2018 will get the boosted rewards, they just need to meet the account criteria.

The criteria is that customers pay a £3 monthly fee, pay in at least £800 to the account, and have at least two direct debits going out of the account.

If you switch, you can get a minimum of £132 in the first year, after paying the monthly fee, but if you have additional financial products with Barclays, you could get up to £348 a year.

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The Blue Rewards programme was launched in 2015, and is available to new and existing account customers who bank online or use the app.

You get a rewards of £14 each month for the first year that you switch, and then £7 a month after that.

This means that after paying the £3 fee each month, you will get a free £132 in the first year, and £48 every year after that.

If you have extra Barclays products, like a mortgage, home insurance, or personal loan, you’ll get even more a month into the account too.

The scheme also gets you a 1% cashback from retailers like Boots, Argos, and Debenhams, and with the switch offer this will double to 2%.

Do you think this is a good switch offer? Let us know in the comments.

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Comments
PamelaQuinlan
PamelaQuinlan12 months ago

What about those who been with them a long time nothing for being a loyal

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