Focus On: Pocket £40 with Freedom Rewards card

Like money for nothing? Who doesn’t? And the good news is MoneySuperMarket can help you to get more of it.

If you apply for the Barclaycard Freedom Rewards card between now and Monday, May 26, exclusively through our site, you’ll land yourself introductory bonus of 1,600 Freedom bonus points – worth £40. All you have to do to qualify is spend £500 in the first three months. Interested? Here’s the lowdown...

What’s the deal?

The Freedom Rewards credit card from Barclaycard allows you to collect Freedom reward points, which can be redeemed at a whole range of retailers and entertainment venues, potentially making your family days out much cheaper.  

When it comes to spending however, you’ll get the most benefit (earning double points) when you shop at the supermarket, buy petrol or spend money on public transport in London.

The card, which can be used to make contactless payments and comes with a representative APR of 18.9% (variable), usually gives new customers 10,500 bonus points – worth £30.

However, MoneySuperMarket customers can claim 1,600 bonus points, adding £10 to the value of the introductory deal.

There’s also a nine-month 0% balance transfer offer tagged onto the deal (subject to a 2.9% fee).

Who is it good for?

If you are planning some family outings over the summer - such as to Pizza Hut, the cinema (Odeon) or LEGOLAND - or you are even about to make just one big-ticket purchase, this card is certainly worth a look. So long as you use it to spend at least £500 in the first 12 weeks, you'll effectively cut the cost of that spend by £40.

And on a longer-term basis, the double points on Transport for London spend mean the card is also particularly good for Londoners who commute to and from work in the capital.

Any catches?

First off, the deal is only around for the next couple of weeks – so you’ll need to be quick to apply. And, because it’s a top deal, to be accepted for it, you will also need a really decent credit score.

Barclaycard insists on a minimum income of £20,000 to qualify for the card and, if you fail to pay it off in full every month, you'll be hit with the representative APR of 18.9% (variable). In other words, it will quickly cost you more than you can earn in Freedom reward points on your spending.

The same is true of any balance transferred from another card that you still have hanging around after the first nine months.

What’s the verdict?

This exclusive MoneySuperMarket offer makes the Barclaycard Freedom rewards card a highly attractive option for anyone looking for a credit card to spend money on.

However, the deal is only worthwhile if you can afford to pay off the balance in full each and every month.

There is no interest-free offer on purchases, so it is vital that you have the cash available to pay off however much you spend.

In this case, you can reduce the cost of a £500 purchase by a massive £40 – meaning you get something worth £500 for just £460.

Other reward credit cards offering introductory deals at the moment include the M&S credit card, which is giving new customers £15 in M&S points for their first purchase, which you can read more on here.

Another one worth calling out is the American Express Preferred Rewards Gold Card, a charge card that is offering 20,000 bonus points when you spend £2,000 in the first three months - enough to pay for a return flight to Europe. But, unlike the Freedom Rewards card which is free, this one card comes with a £125 annual fee after the first year.

Please note: any rates or deals mentioned in this article were available at the time of writing. Click on a highlighted product and apply direct.

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