Close on the heels of a cash back offer on the debit cards, being offered by the country’s largest public sector lender, State Bank of India, major international bank and financial services provider Barclays announced a 10 per cent cash back offer for all its debit card customers. The bank came out with a statement, stating that the offer would be applicable to all purchase transactions made in the country, using a Barclays debit card from July 1 to September 30. Explaining the scheme, the bank said that the customers would receive a total cash back amount of up to Rs 500 per month, which would be credited to the customer's account in the first week of the next month. The bank also said that a customer could avail this facility if he uses his card for a minimum of three purchases (all costing a minimum of Rs 500 each) per month during the campaign period. However, the bank clarified that the ATM and outside-the-country transactions on the debit card do not qualify for the offer. The bank also said that these facilities would be available to new customers who open accounts during the promotional period, and they would be eligible if they make at least three transactions per month, each with a value of Rs. 500 or more. The proposition is available to all the customers using Barclays Classic Debit Card, Barclays Premium Debit Card or Barclays Gold Business Card. Barclays provides services in retail and commercial banking, credit cards, investment banking, wealth management and investment management services. It has a strong presence in Europe, US, Africa and Asia and operates in over 50 countries. |