Barclays and Tesco have launched a new fuel cashback offer for eligible personal Barclays debit card holders. From 1 May until 31 July, customers can earn 5 per cent cashback on fuel purchases made at Tesco stations. The offer applies to transactions between £5 and £200, with a cap of £10 per customer per calendar month. This initiative aims to help consumers mitigate rising motoring costs, particularly ahead of the busy early May bank holiday weekend. The fuel cashback offer runs alongside Barclays’ £200 switching deal for new customers opening a current account via the bank’s app.
How the Cashback Works
To benefit from the offer, customers must pay for fuel at Tesco petrol stations using their personal Barclays debit card. The cashback is automatically applied to the transaction, with a maximum of £10 per month. This means a customer spending £40 on fuel would receive £2 back, while a £200 purchase would yield the full £10 cashback.
Eligibility and Terms
The offer is available to all personal Barclays debit card holders. It does not require any opt-in or registration, and the cashback will be credited to the customer's account within a few days of the purchase. However, the offer excludes business debit cards and credit cards.
Additional Savings
Barclays is also offering a £200 switching deal for new customers who open a current account via the Barclays app. This deal requires customers to transfer at least two direct debits and deposit £1,000 within 30 days. The fuel cashback offer can be combined with other Tesco promotions, such as Clubcard points on fuel purchases.
Rising Fuel Costs
The launch comes as petrol and diesel prices remain high, with the average cost of a litre of unleaded petrol hovering around 150p. The cashback offer provides a modest relief for drivers, especially those planning road trips during the bank holiday weekend. Industry experts warn that prices could rise further due to global oil market volatility.
