Amazon and Barclays have announced a new partnership to launch a co-branded credit card in the UK. The new card will allow customers to earn rewards on everyday spending, which can be redeemed for gift cards on the Amazon website.
Amazon Barclaycard customers earn 1% rewards on all Amazon purchases, 0.5% rewards on everyday non-Amazon spending for the first 12 months and 0.25% thereafter. Amazon Prime members also earn 2% back on all spending on Amazon on certain shopping event days, including Cyber Monday, Black Friday and Prime Day.
Customers can track their rewards balance in the Barclaycard app and redeem it for Amazon gift cards. The card has no annual fee and customers will receive a £20 Amazon gift card if their application is approved.
Customers also benefit from 0% APR on all purchases for the first six months. After that, the card’s APR is 28.9%, with loan amount and interest rate dependent on customers’ financial circumstances and credit history. Cardholders can also access Barclaycard’s entertainment benefits, including pre-sale discounts for selected UK events and 10% off pre-sale tickets when paying with their Amazon Barclaycard. Amazon Barclaycard customers also receive 10% off food and drink at selected venues.
The Amazon Barclaycard is the latest partnership between Amazon and Barclays, which also includes Barclays’ ‘Instalments’ in the UK – a reusable credit account that allows Amazon customers to spread the cost of purchases over £100 into fixed monthly payments.
“We’re excited to introduce the Amazon Barclaycard – designed to give cardholders the opportunity to earn rewards on their Amazon purchases and everyday activities with no annual fee,” said John Boumphrey, Country Manager of Amazon UK. “Providing value to our customers is incredibly important to us, so we’re excited to be introducing a new payment option that will help customers save and earn on Amazon.”
Steve Weston, Head of Everyday Money Management at Barclays, said: “We are delighted to introduce the Amazon Barclaycard, the perfect credit card for those who love to shop on Amazon and want to be rewarded on their everyday spend. This partnership underlines our commitment to offering great deals to our customers as part of our strategy to grow our UK credit card business.”
