No, Barclaycard Rewards is not closing. Instead, Barclaycard Freedom Rewards is concluding, with accounts being migrated to the Barclaycard Rewards program.
This change means that while one specific rewards scheme, Freedom Rewards, is being retired, the opportunity to earn rewards with Barclaycard continues through the Barclaycard Rewards scheme.
Understanding the Transition
This development primarily affects customers holding a Barclaycard Freedom Rewards account. These accounts are set to transition to the standard Barclaycard Rewards offering. The closure of Freedom Rewards is scheduled for June 2024.
Customers do not need to take action regarding this transition; their existing Freedom Rewards accounts will automatically be moved to the Barclaycard Rewards program.
What This Means for Existing Customers
For individuals currently earning rewards through Barclaycard Freedom Rewards, the transition brings a shift in how rewards are accrued and redeemed. Your account will seamlessly move to the new structure, allowing for continued reward accumulation under the terms of the Barclaycard Rewards program.
- Continued Rewards: Customers will still be able to earn rewards on their spending.
- Automatic Migration: Accounts will be automatically transferred, requiring no active steps from the customer.
- New Program Details: Reward structures, earning rates, and redemption options will align with the Barclaycard Rewards program.
This change is part of Barclaycard's effort to streamline its rewards offerings, consolidating various programs under a unified scheme. For more information regarding Barclaycard's credit card products and rewards, you can visit their official website at barclaycard.co.uk.
