Exciting news regarding the Amazon Barclaycard!
Easy Rewards with Barclaycard
Amazon and Barclays, one of the largest credit card providers in the United Kingdom, have announced a new partnership to introduce a co-branded credit card in the country. The new card allows consumers to accumulate rewards on their daily purchases, which can be redeemed for gift cards on Amazon.co.uk. Customers of the Amazon Barclaycard receive 1% rewards on all Amazon purchases, 0.5% rewards on ordinary spending outside of Amazon for the first 12 months, and 0.25% after that. Additionally, Amazon Prime members receive a 2% rebate on all purchases made with Amazon on designated purchasing event days, such as Prime Day, Black Friday, and Cyber Monday.
Claim Your £20 Amazon Gift Card
Rewards have never been simpler to obtain. The Barclaycard app enables customers to effortlessly monitor their rewards balance and redeem them for Amazon gift cards. Customers are currently awarded a £20 Amazon.co.uk gift card upon approval of their application, and there is no annual fee associated with the card. Additionally, customers are granted a 0% APR on all purchases for the initial six months. Following this, the card’s Representative APR is 28.9%, with the rate and lending being contingent upon the financial circumstances and borrowing history of the consumer.
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Global Acceptance and Security with the Power of Visa
The card is powered by Visa, and will therefore be accepted by millions of merchants worldwide, as well as benefit from Visa’s state-of-the-art fraud prevention capabilities and its Zero Liability Policy. Cardholders also have access to Barclaycard’s entertainment perks, including advance pre-sales for selected UK events, and 10% off pre-sale tickets when they use their Amazon Barclaycard to pay. Amazon Barclaycard customers also get 10% off food and drink at selected venues. The Amazon Barclaycard is the latest partnership between Amazon and Barclays, which includes ‘Instalments’ by Barclays in the UK – a reusable credit account that lets Amazon customers spread the cost of purchases over £100 across fixed monthly payments.
What’s more on the Barclay’s Table?
Barclays disclosed the sale of its German consumer finance division to Austrian bank BAWAG Group AG in July 2024 for a nominal premium over net assets. BAWAG was anticipated to expand its loan portfolio and consumer base in the region as a result of the transaction, which was intended to streamline Barclays’ operations and involved its Hamburg-based unit.
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According to previous reports by Reuters, BAWAG emerged as a leading contender among numerous European banks and private equity firms that were contending for the acquisition in 2023. It was anticipated that the transaction would result in the release of approximately EUR 4 billion of risk-weighted assets for Barclays Europe and an approximate 10 basis point improvement in its CET1 ratio.
Industry Comments
“We’re excited to introduce the Amazon Barclaycard – designed to offer cardmembers ways to earn rewards for their Amazon purchases and every day activities with no annual fee,” said John Boumphrey, Amazon UK Country Manager. “Delivering value to our customers is incredibly important to us, so we’re delighted to introduce a new payment option that allows customers to save and earn on Amazon.”
Steve Weston, Head of Everyday Money Management at Barclays, said: “We’re delighted to introduce the Amazon Barclaycard, the perfect credit card for anyone who loves to shop at Amazon and wants to be rewarded for doing so on their everyday spend. This partnership highlights our commitment to deliver compelling offers for customers as part of our strategy to grow our UK credit card business.”
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