Barclays Blue Rewards review - is it worth it?

Andy gives his verdict on the current offering of the Barclays Blue Reward account. Is it worth adding the fee-paying extra to your Barclays current account?
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TIME STAMPS
00:00 The Barclays Blue Rewards review
00:25 What is a Barclays Blue Reward account?
01:45 What are the basic requirements?
03:42 Extra criteria
04:20 What do you get with the account?
07:11 There are some new perks
09:13 What if you already have a Barclays Blue Reward account?
09:37 Are there any other changes?
10:28 How to cancel
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A B O U T A N D Y
Andy Webb is a money blogger and journalist. He runs the award-winning website Be Clever With Your Cash, hosts the Cash Chats podcast, presented Channel 5’s Shop Smart Save Money and writes every month for Reader's Digest. Andy also founded the community ukmoneybloggers.com.
DISCLAIMER
Content in these videos does not constitute regulated financial advice. Any offers mentioned were correct at the time of filming.

[@olivermarkforman]

Closed mine already, after weighing it up I’d rather have £5 per month than MLS season pass & Apple TV. Although I was nearly persuaded otherwise. 😂

[@Afrinaturality]

Yeh, I'm gonna close down my Blue Rewards account. I only opened it for the Rainy Day Saver...

[@Michael-bi9ll]

Same here, just need to find somewhere to switch to now

[@DarthConflictus]

I could understand Apple TV for some but personally it would of been more tempting if it was like NowTV/Netflix/Prime as an example since Lloyds has Disney but WHO do you know is gonna at look at this and say “Oh yeah, Barclays is doing MLS, I'm signing up!” like who out there is watching MLS 😂😂💀

[@lambypie100]

Had my Barclays current account since I was 18 now nearly 50. And a blue rewards for a couple of years but time to change. Going for the Lloyds club account for the £175 reward.

[@sahinkeles8223]

Dont close the barclays down since you have had your account for over 25 yrs your credit score will go down massively

[@lambypie100]

@@sahinkeles8223 I'm not sure this is true.

[@DarthConflictus]

@@lambypie100no this is true, don't close your Barclays account whatever you do because it shows stability that you've been at a bank for 30+ years, create a dummy account or an additional Barclays account to switch with when you go to Lloyds, keep your credit score with a very very small ding that only lasts for a few months than losing your credit history

[@SeedReeker]

Cancelling my blue rewards in August and sticking savings into chase 5.1% moving forwards. Shame as I’ve been with Barclays for years

[@alexanderjamesninnim]

It's a tiny bit less but Plum are paying 4.97% and the interest is paid to you daily.

[@SeedReeker]

@@alexanderjamesninnim reviews of plum aren’t great from what I’ve seen though

[@KellieatLarge]

I already decided to close mine in September and I'm going to move my Rainy Day Saver savings into my new Trading 212 cash ISA. I'll probably also do a bank switch on my Barclays current account now too.

[@colombanoalessandro]

Was waiting for this video, thank you!

[@eronfernandes1913]

really stupid from Barclays will be cancelling as well! MLS it seems

[@daveno144]

I too will be leaving Blue Rewards on 30th September 204 and moving the money in my Rainy Day Saver elsewhere

[@psprog]

Thanks for this - I had no idea Apple TV was included! I was randomly upgraded to Premier about 10 years ago (I've never come close to the salary requirements) so I'll enable this now. Cheers!

[@charlieboyvespa8610]

Switched to santander on the last day of the offer!

[@jesizzard2964]

so just to confirm about what you're saying - I need to keep at leat 4k not 5k? is that correct?

[@tonkysue207]

We are looking to move as well.

[@juan-bf7hm]

Thanks for the video. What percentage do you think will be the best fixed term interest rates offered for 12-18 months around October-November this year?

[@mike-sw]

It's one of the few banks still offering to stamp bank statements and they've got machines to do that in branch too! Sadly the benefits (or rather costs) are too poor now.

[@sumanchatterjee2109]

But do you need stamped bank statements these days?

[@vkdrk]

"They've got machines to do that in branch"
Good luck finding a branch...

[@julsia6798]

From Sep, the £5 fee a month is for non Premiere customers. Premier customers will get it for free.

[@sumanchatterjee2109]

Are there any costs associated if one can upgrade to premier?

[@julsia6798]

@@sumanchatterjee2109 No costs as such. You need to be earning £75k or have £100k invested or saved with them

[@julsia6798]

@@sumanchatterjee2109 Not directly, but you need to make £75k a year or have £100k in savings with them

[@maxal853]

Great content as always! Thanks man!

[@adamingleton8529]

Just closing mine barclays blue and put my money across to chase

[@3n19ma]

Thanks for the info!

[@allendavid4139]

I don’t like this move to only in the app you can do certain things

[@robertcalleja2348]

Yes ill be shutting down my blue rewards and moving my savings shame on you Barclays

[@gabymotsoloc9295]

I'm ditchin...

[@MENSA.lady2]

Barclays Big Brother policy caused me to take my money elsewhere. They have not improved since.

[@dalexalex8028]

Barclays Blue Rewards is a total joke now.