Amazon and Barclays have announced a new partnership to launch a co-branded credit card in the UK. The new card enables customers to earn rewards on everyday spending, which can be redeemed for gift cards on the Amazon site.
Amazon Barclaycard customers earn 1 per cent rewards on all Amazon purchases, 0.5 per cent rewards on everyday spending outside Amazon for the first 12 months, and 0.25 per cent after that. Amazon Prime members also get 2 per cent back from all spending with Amazon during designated shopping event days, including Cyber Monday, Black Friday, and Prime Day.
Customers can track their rewards balance and redeem them for Amazon gift cards in the Barclaycard app. The card has no annual fee, and customers receive a £20 Amazon gift card when their application is approved.
Customers also benefit from 0 per cent APR on all purchases for the first six months. After this, the card has a Representative APR of 28.9 per cent, with lending and rate subject to customers’ financial circumstances and borrowing history. Cardholders can also access Barclaycard’s entertainment perks, including advance pre-sales for selected UK events and 10 per cent off pre-sale tickets when they use their Amazon Barclaycard to pay. Amazon Barclaycard customers can also get 10 per cent 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.
“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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