Theres an 3 monthly fee for Barclays Blue Rewards.
Pay a 3/month fee, which will be debited from your current account.The Barclays Blue Rewards current account pays 7 per month to customers as long as they pay in 800 per month. .That's not the case with Barclays Blue Rewards.You can then transfer this cash into any of your Barclays accounts, where you can spend it as you wish.SmartSpend is available to non-Blue Rewards customers, but they'll earn 1 less cashback than reward customers.To earn Barclays Blue Rewards, you must do two things each calendar month: You must have at least 800 paid into your nominated current account, for example through your salary or pension (some payments wont count towards the 800 please see below).
You can redeem your rewards into any of your Barclays accounts, whenever you like, in Online Banking or using your Barclays Mobile Banking app.
Keeping you informed, well always keep you informed about the rewards youre getting and how they may change over time.
They are neither annual payments nor miscellaneous income.
Here we explain why tax may be due and what you need to do if you're liable.
Martin Lewis, founder of m says: "Barclays' new deal is certainly better than nothing.You can Join Barclays Blue Rewards in addition to Premier Rewards.You need to work out which deal is best for you.Does this mean you now have to fill in a self-assessment tax return?The first monthly fee will be taken in the month after you join Barclays Blue Rewards.