Avios & Barclays Current Account

Old Oct 22, 19, 11:19 am
  #1  
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Avios & Barclays Current Account

Just got emailed the following, anyone else?

As a valued Member of the Executive Club, we’d like you to be the first to know about a new partnership and special offer we’re launching with Barclays Premier Banking.

You’ll receive 25,000 bonus Avios when you open a Barclays UK Premier Current Account and switch your banking to Barclays before 19 November 2019 (Barclays Terms and Conditions apply). That’s enough for a return trip for two to Europe*. You could be exploring the canals of Amsterdam, enjoying an Italian sunset or skiing down the slopes of Switzerland this year.

In addition, once your account is opened, if you turn on Barclays Blue Rewards before 30 November 2019 and pay a £4 monthly membership fee, you will receive triple rewards for a year - worth up to £252.

Last edited by Akoz; Oct 22, 19 at 1:43 pm
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Old Oct 22, 19, 11:55 am
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Join Date: Nov 2013
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Yep, me too.
I've been with my current bank since I was a boy of eight (c. 40 years ago !), but am slightly tempted, as my Avios balance has taken a hammering of 700,000 spend in the last few years !
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Old Oct 22, 19, 1:06 pm
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£252 not £2522
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Old Oct 22, 19, 1:16 pm
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Originally Posted by chistery
£252 not £2522
Sorry, amended
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Old Oct 22, 19, 1:23 pm
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I guess us mere silvers aren't valued then
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Old Oct 22, 19, 1:23 pm
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[QUOTE=Akoz;31655373]

...switch your banking to Barclays before 19 November 20191 (Barclays Terms and Conditions apply)...

[/QUOTE]

That’s a long time to wait!

Doc Copper
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Old Oct 22, 19, 1:44 pm
  #7  
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[QUOTE=DoctorCopper;31655842]
Originally Posted by Akoz

...switch your banking to Barclays before 19 November 20191 (Barclays Terms and Conditions apply)...

[/QUOTE]

That’s a long time to wait!

Doc Copper
Doh. Edited again. Cut and paste fail.
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Old Oct 22, 19, 1:51 pm
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It happens!

Doc Copper
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Old Oct 22, 19, 2:09 pm
  #9  
 
Join Date: Jul 2018
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I'm tempted, but being tax domiciled in Mexico, I'm not sure my gold status will be enough to convince them I'm worthy of a premier account.
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Old Oct 22, 19, 2:13 pm
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Join Date: Jul 2018
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Plus there is this eligibility....
To join Premier Banking, you need…



An annual gross income of £75,000 or more paid into a Barclays current account

or

£100,000 or more saved or invested with us.


Just moving the latter overseas would probably cost about the same as buying the avios outright
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Old Oct 22, 19, 2:39 pm
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It looks like it’s a welcome bonus, but no ongoing rewards?
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Old Oct 22, 19, 3:13 pm
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Join Date: Jul 2005
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Barclays premier is diabolical.

I used to have the most amazing manager. They wanted me to go to private banking. I declined.

He left. Since then it had been terrible. There is nothing personal or premier about it sadly. Handelsbanken are reported you be decent.
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Old Oct 22, 19, 3:19 pm
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It has been terrible since they dropped Patisserie Valerie as a partner. I enjoyed the free cup of coffee, and sometimes a cake or mince pie, on my journey home.
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Old Oct 23, 19, 10:54 am
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So apart from the non-premier service this looks like it *could* be quite interesting from a points and £££ point of view. Basically you get nearly £500 for switching (half in Avios, half in real currency).

The numbers -- I pay my >£75k salary in and set up two direct debits (to utility companies, for example) under the "Blue rewards", I get 25.000 avios and £252 (£3.50 for each DD times; £7, tripled for 12 months). That costs me £48 in fees - net gain approx £250 in avios plus £200 in real cash.

In month 13, I'll switch my current account to another bank and maybe earn another £100-150 in incentives to do that - such is the chase for new retail customers in finance. It almost seems too good to be true.

I won't actually do it because my current bank's app is SO much better than Barclays' app (Mrs ST has that) that even a £40 per month net benefit to me isn't worth the hassle.

PS I am already being tracked by the offer as ads are appearing for Barclays
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Old Oct 23, 19, 2:02 pm
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Join Date: Jan 2003
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Although I have income well over £75k, I don't receive a "salary" but am freelance self-employed and receive irregular payments from clients, Does anyone happen to know off-hand if that would suffice, or does it have to be identifiably a salary paid by a single organisation ? I can check with Barclays, but thought someone on here may have been through the issue.
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