Barclaycard seem to be getting pissed off. I’ve just got a letter today telling me that I’m a lucky man. My Graduate Barclaycard has now been upgraded to a wonderful new Barclaycard Cashback. I assume this is because I’ve not actually bought anything with my current card since 2006 and have just recently finished paying off the last of the outstanding balance. I suppose it’s my own fault for listening to people when they told me I should keep it in case of “emergencies”. If I’d gotten rid of the card in the first place
The letter is a big glossy mail shot written in a friendly and encouraging tone with details of all the amazing features of my new card. The top line is a blazing azure headline that reads “Good News – You’re Being Upgraded”.
First of all I get an amazing 1% cashback on the first £20,000 of purchases I make each year and 0.5% cashback after that.
Double cashback on contactless purchases.
They’ll also lower my purchase APR to 21.4% and give me 0% on any balance transfers that I make until September 2010 (3% fee of course).
They also gave me a £10 House of Fraser voucher…
So in very simple terms I’m to be highly excited by a card that rewards me with virtually nothing unless I spend a huge amount. Additionally I would have to instantly pay off all the balance as soon as the statement arrived or my diminutive cashback “reward” would instantly be dwarfed by the amount added on to my account in interest.
I think this upgraded card will be joining it’s pal in the drawer.