Cashback Coffee
By FF Newsroom · 25 April 2017

Sometimes you can look a gift horse in the mouth, or so say Barclays as they drive a coffee van with a difference across the UK. Following a study conducted by the bank that reveals 41 per cent of Brits would prioritise cash or cashback over any other form of deal, the van will allow customers to buy a coffee and a croissant for £3, giving them £7 (and their breakfast) in return.
Despite this attraction to cashback, the study also discovered that the UK population is offer-phobic with each person losing a potential average of £520 annually - with ten per cent even admitting to missing out on up to £1,300 – as 2 in 5 (39 per cent) of the UK still turn down a deal for fear of a hidden catch.
The most common reasons for turning down a deal:
Those who join Barclays Blue Rewards for the first time in April can also earn double cashback when they shop online with a range of retailers during April.
* 4.9 per cent APR representative on loans of £7,500 – 15,000 0ver 2-5 years. The rate you’re offered may differ from the representative APR shown and will be based on your personal circumstances, the loan amount and the repayment term.
- There could be a hidden catch (39 per cent)
- Fear of being tied into something (17 per cent)
- The value seeming too good to be true (13 per cent)
- Sharing personal details (7 per cent)
- Perceived low quality (5 per cent)
| MONTHLY FEE | BARCLAYS PRODUCTS | GROSS CASH EARNED | DOUBLE REWARDS OFFER |
| £3 | Monthly Loyalty Reward Up to £7 p/m | £16 p/m (£192 p/a) | New and existing customers opting-in to Barclays Blue Rewards for the first time in April 2017 could earn up to a possible £32, depending on the Barclays products they hold |
| Mortgage Loyalty Reward £5 p/m | |||
| Home Insurance Loyalty Reward (take or renew) Up to £3 p/m | |||
| Loan Loyalty Reward £1 p/m* |