Newest Barclays Promotions: Best Offers, Coupons and Bonuses August 2020

Barclays is well known globally as a major financial company with a wide range of banking, investment and credit card products. But in the U.S., it mainly offers online savings and CD accounts and credit cards through its Barclays U.S. subsidiary.

Like many banks, Barclays U.S. offers promotions with enticing cash bonuses for new customers. But a GOBankingRates survey discovered that many respondents are unaware of the sign-up bonuses their banks offer, essentially leaving money on the table.

Rather than miss out on a chance for free cash, keep reading to learn about the latest Barclays bank promotions.

Barclays Promotions at a Glance

Barclays offers high interest rates on its CDs and savings accounts, but its current promotions are focused on the bank’s credit cards. Here’s a closer look:

Current Barclays Promotions

Barclay’s is running three credit card promotions for August that were featured in previous months. To earn the bonuses you’ll need to meet the bank’s requirements. Keep reading for more details.

AAdvantage Aviator Red World Elite Mastercard: $600 Value

American Airlines miles can be pretty valuable if you travel a lot. You’ll earn 60,000 miles if you qualify for the Aviator Red World Elite credit card, which is good for as many as eight one-way trips within the U.S. and Canada. Depending on how you value the points, the miles are worth at least $600 and possibly more. You also get $25 in statement credits for in-flight Wi-Fi and your first checked bag free. Here’s more:

• Cash value: $600
• Minimum spend to qualify: Any purchase will qualify, but you’ll also have to pay the $99 annual fee.
• Expiration date: None
• How to get it: Apply and get approved for the card, then make your first purchase and pay your $99 annual fee in the first 90 days.
• When you‘ll get it: Four to six weeks after you qualify
• Terms and conditions: For new card account holders only
• Annual fee: $99
• Promotion page: AAdvantage Aviator Red World Elite Mastercard bonus offer

Uber Credit Card: $100 Bonus

If you use Uber often, you’ll earn cash rewards with the rideshare company every time you pay with your Uber credit card from Barclays. You’ll earn 5% back on Uber Eats orders, Uber rides and JUMP; 3% back on restaurant and bar purchases and travel spending; and 1% back on all other purchases. The $100 bonus for signing up gets you started with some free Uber rides, with no Barclays coupon code required. Here are the details:

• Cash value: $100
• Minimum spend to qualify: $500
• Expiration date: None
• How to get it: Apply and get approved for the card and make $500 in purchases within 90 days.
• When you’ll get it: After you complete the purchase requirement
• Terms and conditions: For new card accounts only
• Annual fee: None
• Promotion page: Uber credit card bonus offer

Barnes & Noble Credit Card: $25 Bonus

Barnes & Noble shoppers can benefit from the Barnes & Noble credit card in a couple of ways. First, you’ll earn points on all your card spending that you can later redeem for B&N purchases. Barclays will also throw in a $25 Barnes & Noble gift card after your first purchase. Here’s how you can get it:

• Cash value: $25
• Minimum spend to qualify: Any purchase will qualify.
• Expiration date: None
• How to get it: Apply and get approved for the credit card, then make a purchase. Barclays will send the gift card to your mailing address.
• When you’ll get it: Four to six weeks after the qualifying purchase
• Terms and conditions: For new account holders only
• Annual fee: None
• Promotion page: Barnes & Noble credit card bonus offer

How To Open a Barclays Account

Although there is no Barclays savings account bonus this month, you still might want to open an account with the bank to take advantage of its high interest rates. As of May 2020, the annual percentage yield for a Barclays U.S. savings account was 1.30%. Because Barclays U.S. is an online-only institution, you’ll have to open an account on the Barclays website. Here’s what you’ll need to provide:

• Name, home address and phone number
• Email address
• Social Security number
• Date of birth
• Occupation
• Your bank’s name, routing number and bank account number to link and transfer money to fund the new Barclays bank account

You’ll also need to set up your login for online banking access by providing a username, password and mother’s maiden name. Next, choose from the three security questions and enter your answer. You’ll be asked the security question in the future so the bank can identify you.

How Much Money Will Barclays Give You for Opening an Account?

Even without a Barclays business account bonus, you can earn $600 or more just for opening a credit card account. To qualify for a card, however, you’ll need a good credit score. If your credit score is low, work on improving your credit so you can qualify for other credit card offers down the road.

Check back each month for updates and new promotions as they are available. If none of the above promotions seem like a good fit for you, there are also a number of other banks offering promotions this month.

This content is not provided by Barclays. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Barclays.

This article has been updated with additional reporting since its original publication.