Maximise your Avios, air miles and hotel points

What else does Barclays Premier offer apart from Avios?

Links on Head for Points may pay us an affiliate commission. A list of partners is here.

During May we spent some time looking again at the new Barclays Premier and Barclays Avios Rewards partnership, so you can see if it is worth signing up.

This article was meant to run as part of that group but got pushed back due to heavy news flow, primarily the changes to the British Airways American Express credit cards. If you are not keen on paying the new £250 fee for the Premium Plus Amex card, Barclays Avios Rewards could be an alternative.

When we first covered this in March, it was being slowly rolled out. Barclays Avios Rewards is now fully up and running and Barclays is now allowing you to open a Barclays Premier account online – click here.

There is a 25,000 Avios bonus for signing up. You will earn a total of 43,000 Avios in your first year.

Barclays Premier Banking review

What do you get from Barclays Avios Rewards?

If you qualify for Barclays Premier and complete a full current account switch, plus activate Barclays Avios Rewards (£12 per month fee) you will receive:

  • a sign-up bonus of 25,000 Avios – which seems to be posting promptly for those who switched at launch
  • a monthly bonus of 1,500 Avios
  • an annual British Airways upgrade voucher, allowing you to upgrade 2 x one-way flights or one return flight, booked on Avios, by one class

Here is our main introductory article:

Get 43,000 Avios and an upgrade voucher with Barclays Avios Rewards

This article explains how the British Airways upgrade voucher works:

How does the BA upgrade voucher from Barclays Avios Rewards work?

There is more to Barclays Premier Banking than just Avios

For obvious reasons, our coverage of this offer has focused on Barclays Avios Rewards, the generous 25,000 Avios sign-up bonus and the annual British Airways upgrade vouchers.

You get far more, of course. Barclays Premier Banking has a lot more to offer than just Avios.

To join Barclays Premier Banking, you require either:

  • a gross annual income of £75,000 or more, paid into your account, or
  • £100,000+ saved or invested with Barclays

Whilst most readers have focused on qualifying via the salary option, those with considerable liquid assets may want to look at the savings route and compare Barclays with their current provider.

How does the Premier current account work?

Full details of the Barclays Premier current account are on their website here.

It is important to note that there is no fee for a Barclays Premier currrent account.

There is a £12 month fee for joining Barclays Avios Rewards, but this is offset by the 1,500 monthly Avios you earn. Indeed, you would get £12 back by converting your 1,500 Avios into Nectar points and spending them in Sainsbury’s, Argos or eBay. The annual British Airways upgrade voucher is just the icing on the cake.

Your Premier current account comes with:

  • an interest free arranged overdraft of up to £500
  • ability to withdraw £1,000 per day from cash machines
  • access to a 24/7 Premier relationship team
  • fee-free international payments when made via the app or online, with all major currencies supported

You also get access to a range of exclusive products:

  • Premier mortgages, with exclusive rates for high-value loans
  • Premier landlord mortgages
  • Premier Barclayloan
  • Premier insurance and, for high value items, premium home insurance
  • Premier Cash ISA and savings products

Some of these products come with an extra Avios incentive if you are enrolled in Barclays Avios Rewards:

  • Mortgage – 700 Avios per month, with a one-off bonus of 2,000 Avios when taking out a mortgage
  • Life cover – 150 Avios per month for the first 12 months (500 Avios if critical illness cover is included)
  • Home cover – 75 Avios per month for contents insurance, 75 Avios per month for buildings insurance, 150 per month for combined cover, all payable for the first year of cover only

Barclays Wealth may also be an option

Whilst we focus on Barclays Premier Bankings, Barclays Avios Rewards is also available to Barclays Wealth customers with a current account.

Barclays Wealth requires you to hold investible assets of over £500,000. As well as standard banking services, you can access a range financial planning and investment options, depending on your situation and the level of support that your are looking for. This could include investment advice, discretionary portfolio management and financial planning.

You can learn more about Barclays Wealth on its website here.

Conclusion

If you are a high earner, it makes sense to move your current account to a ‘premium’ offering. You will get better service and access to more relevant products and services.

The Barclays Premier current account is free so you won’t even be paying for the privilege. Once you have an account, you can choose to add Barclays Avios Rewards and pick up your 25,000 Avios joining bonus as well as your 1,500 monthly Avios and your annual British Airways upgrade voucher.

You can learn more about Barclays Premier current accounts, and apply online, on its website here.

Comments (43)

  • Alan says:

    Apart from Avios I’m not convinced it offers much – the ‘premium’ products and services all seem a bit rubbish. IT and app are appalling – Monzo/Starling vastly better. If it wasn’t for the Avios and voucher I would be long gone!

    • Rich says:

      I think the app is one of the better out there (among legacy banks). Obviously not a patch on some of the newer banks.

      • Alan says:

        I had lots of issues with it when applying and it took them 2 months to get Avios to properly update. In comparison I find the RBS app far better.

  • Max says:

    Theoretically the account costs £36 a year. If you weren’t opted in to the avios rewards, you could get blue rewards which gives you £3 net a month.

  • James says:

    As an existing Barclays Premier customer, with the current deal it simply isn’t worth changing my account to Barclays Avois Rewards. Offer me the 25,000 Avios welcome bonus and I’ll do it but otherwise it’s just not worth it

  • Manya says:

    Are there Barclays Premier mortgage rates competitive? Or can they be bettered by simply shopping around?

    • FatherOfFour says:

      Currently a Barclays mortgage customer and in the process of remortgaging. As a data-point, the regular product fee of £999 on a 7 year fix is reduced to £749 for both Premier Rewards and Existing customers.

    • Will says:

      7 year fixed 1.49% with 75% loan to value is outstanding and is premier only.

      Non premiers can only have that deal on 60% LTV.

  • Alex says:

    I think the real question is not if the account is worth it per-se, but if it is better than the HSBC premier account. HSBC premier gives you also a nice signup bonus, and offer the World Elite card which I personally quite like. You get a lounge key and earn 1 avio per gbp spent. Depending on your spending habits this is well worth it. I think the card is 200 (?) GBP per year which I consider ok if you travel a lot.

    Travel insurance is included and quite decent.

  • Justin says:

    Unfortunately, many of the benefits have been deprecated over the years. For example, they had a deal with the now closed down Patisserie Valerie for a daily free coffee. They also use to offer free Gourmet Society Cards to members (I used this benefit all the time). There use to be free English Heritage membership too.

    Not sure if this is still the case, but Premier Card holders use to get their own queue in some branches. This was great during lunch breaks!

    • Justin says:

      Additionally, it may be worth noting that some members will have a higher daily atm limit. I’ve had my Premier account for quite some time and my daily limit is £2000.

      • Genghis says:

        Does anyone ever need to take so much cash out of an ATM?

        When I was Barclays Prem, free coffees (and occasionally cakes) at PV were great. Used the English Heritage thing a few times for free days out. RIP

    • David says:

      Sorry to be a pedant, but *used* not use 😉

The UK's biggest frequent flyer website uses cookies, which you can block via your browser settings. Continuing implies your consent to this policy. Our privacy policy is here.