Barclays Blue Rewards - Current account reward - up to £4 a month
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Barclays Blue Rewards - Current account reward - up to £4 a month

17
Found 6th AprEdited by:"HellriderUKDeals69"
This is brilliant if you already have an account with them or a financial product (home insurance, personal loan, mortgage).

They pay you £7 per month, for this you will need to have 2 active direct debits on your current account and pay in at least £800 to your account. There is a fee of £3 per month so it works out at £4 per month free money.

In addition they will pay up to £3 per month as insurance reward, £5 per month as mortgage reward and £1 per month as personal loan reward, if you have one or all of these products with Barclays.

Thought this might help someone who already have an account with Barclays.
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Chiptivo2 h, 36 m ago

The £7 is classed as savings income though, so if you're a taxpayer …The £7 is classed as savings income though, so if you're a taxpayer (unlikely on this site) then the £84 a year forms part of your £1000 bank interest and income allowence.


You can be a tax payer on this site you know
17 Comments
Thanks
Plus enhanced cashback via smartspend
Nice reminder op,I signed up for this last time it was posted,easy way to free money.
Original Poster
Not sure why people are voting cold as surely this is an incentive if you already have an account with Barclays?
Heat!
If you're not sure how to access it, go into a Barclays branch for help. They always have great service.
The £7 is classed as savings income though, so if you're a taxpayer (unlikely on this site) then the £84 a year forms part of your £1000 bank interest and income allowence.
I'm looking to ditch my Barclays account since they no longer offer Kaspersky for free...stupid kneejerk reaction to a product that still tops pretty much every virus protection chart!
Thanks OP - Heat added
Chiptivo2 h, 36 m ago

The £7 is classed as savings income though, so if you're a taxpayer …The £7 is classed as savings income though, so if you're a taxpayer (unlikely on this site) then the £84 a year forms part of your £1000 bank interest and income allowence.


You can be a tax payer on this site you know
Chiptivo2 h, 41 m ago

The £7 is classed as savings income though, so if you're a taxpayer …The £7 is classed as savings income though, so if you're a taxpayer (unlikely on this site) then the £84 a year forms part of your £1000 bank interest and income allowence.


No it isn’t. It’s £3.50 cashback for first two direct debits rather than a £7 income so isn’t taxable.

There is also a £1 a month reward to you have/take a specific Barclaycard.
A2DY_12 m ago

No it isn’t. It’s £3.50 cashback for first two direct debits rather than a …No it isn’t. It’s £3.50 cashback for first two direct debits rather than a £7 income so isn’t taxable. There is also a £1 a month reward to you have/take a specific Barclaycard.


Apologies, I've checked and the rules have changed. I'm happy to admit I'm wrong when I am.


Will I have to pay tax on the benefits I get from Barclays Blue Rewards?The £7 Loyalty Reward received up to and including November 2016 for being part of Barclays Blue Rewards is subject to UK income tax and may need to be declared to H M Revenue & Customs.

All other current rewards and cashback earned through Blue Rewards, and any Loyalty Reward received from December 2016, are not subject to UK income tax.
Original Poster
A2DY_1 h, 40 m ago

No it isn’t. It’s £3.50 cashback for first two direct debits rather than a …No it isn’t. It’s £3.50 cashback for first two direct debits rather than a £7 income so isn’t taxable. There is also a £1 a month reward to you have/take a specific Barclaycard.


Thanks for clarifying
It provides additional cash back if you hold its mortgage and/or home insurance
Been using blue rewards for about a year. It’s a no brainier if you’re an existing Barclays customer, but not something to necessarily make you change bank for if not
Blue rewards are brilliant if you use Barclays products, I've had quite a large sum back so far
Good only if you are an existing customer of Barclays. Otherwise, I would wait for a switching incentive.
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