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Barclaycard 10% cashback on petrol – too good to be true?

Generous cashback deal undermined by restrictions
Barclaycard logo

Barclaycard’s 10% cashback deal on fuel purchases is a welcome bonus but not enough reason on its own to take out a card

Barclaycard has bolstered its presence in the cashback credit card market with a deal offering 10% cashback on all fuel purchases. But is it worth it?

The 10% cashback is available on a variety of cards, including the Best Rate Platinum-with-balance transfer and Platinum-with-purchase Visa, and is in addition to Barclaycard’s existing Freedom rewards scheme.

Which? credit card expert Martyn Saville commented: ‘While the extra 10% petrol cashback deal will be a welcome bonus for anyone taking out a Barclaycard for other reasons, it’s only available on fuel purchases made before 31 August 2011 and is capped at a total of £30. As such, on its own it feels like a promotional gimmick that detracts from Barclaycard’s strength as a leading provider of low-rate cards, 0% balance transfer deals and 0% purchase deals.

‘If you’re looking for a 0%-on-purchases card, for example, the length of the 0% deal is most important, not the fuel cashback promotion. And if you’re considering the Initial Visa card, under no circumstances should you judge the card solely on the cashback deal – it comes with a APR of 29.9%, which, if you don’t pay off your bill in full every month, will soon wipe out the benefit of the cashback.

‘The overall message is that the new £30 from Barclaycard could be a welcome bonus, but make sure you look at the overall value of the card and ensure it’s right for you in the longer term too.’

Which? Best Rate credit cards

If you need advice to help you choose the best credit card for your needs, read the free Which? guide to choosing a credit card.

Once you know the best type of card for you, check out Which? Best Rate credit cards to find the most competitive deal available today, whether it’s a reward credit card, a cashback card or the longest 0% on purchases deal.

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