Barclays To Axe Bank Account Cashback Reward For Millions Of Customers Next Week

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A POPULAR high street bank is about to ditch a loyalty reward for millions of customers as part of its huge ⁘makeover⁘.

Barclays Blue Rewards customers have previously paid £5 per month in return for access to high-interest savings accounts and cashback.

But from September 4 - that's five days away - the bank is getting rid of it's £5 monthly loyalty reward.

Customers aren't happy about the change, with one expressing disappointment, saying: ⁘This felt like a real benefit as a Barclays customer and it's frustrating that it will now cost money .

⁘It's made me think that I could switch to a different bank that won't charge me to get those rates.⁘

However, Barclays said that after the change, Blue Rewards customers can receive fixed benefits worth up to £44 per month – an increase from £35.50 previously.

People can become a Blue Rewards member if they pay at least £800 into a designated account every month, in addition to a £5 fee.