Amazon, Barclays launch co-branded credit card

Amazon and Barclays have partnered to launch a co-branded credit card, the only co-branded personal credit card that Amazon now offers 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.

The Amazon Barclaycard is the latest partnership between Amazon and Barclays, which includes ‘Instalments’ by Barclays in the UK – a reusable credit account that lets Amazon customers spread the cost of purchases over £100 across fixed monthly payments.

Tapping into growing consumer spend on entertaainment including event tickets the deal wlll grant cardholders access to perks such as advance pre-sales for selected UK events, and 10% off pre-sale tickets when they use their Amazon Barclaycard to pay. Amazon Barclaycard customers wil also get 10% off food and drink at selected venues, the firms said.

How it works?

As part of the deal, 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.

Amazon Prime members also get 2% back from all spending with Amazon during designated shopping event days, including Cyber Monday, Black Friday, and Prime Day.

Users can simply track their rewards balance and redeem their rewards for Amazon gift cards in the Barclaycard app. The card has no annual fee. Additionally, customers receive a £20 Amazon.co.uk gift card when their application is approved.

There is 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.