You Can Get £132 If You Switch To Barclays

• 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 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.

Related:

• First Direct changes rewards for switching
• TSB banking chaos continues
• Royal Bank of Scotland cuts half of branches

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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