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 Amazon.co.uk.
Amazon Barclaycard customers earn 1% rewards on all Amazon purchases, 0.5% rewards on everyday spending outside Amazon for the first 12 months, and 0.25% after that.
Customers can track their rewards balance and redeem their rewards for Amazon gift cards in the Barclaycard app. The card has no annual fee, and customers even currently receive a £20 Amazon.co.uk gift card when their application is approved.
Amazon Prime members get 2% back from spending with Amazon during shopping event days, including Cyber Monday, Black Friday and Prime Day
Customers also benefit from 0% APR on all purchases for the first six months. After this, the card has a Representative APR of 28.9%, with lending and rate subject to customers’ financial circumstances and borrowing history.
Cardholders also have access to Barclaycard’s entertainment perks, including advance pre-sales for selected UK events, and 10% off pre-sale tickets when they use their Amazon Barclaycard to pay. Amazon Barclaycard customers also get 10% off food and drink at selected venues.
John Boumphrey, Amazon UK Country Manager, said: “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. 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.”
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By GlobalDataSteve Weston, Head of Everyday Money Management at Barclays, commented: “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.”
The card is powered by Visa and will therefore be accepted by millions of merchants worldwide, as well as benefit from Visa’s fraud prevention capabilities and its Zero Liability Policy.