Barclays and Tesco have launched a new fuel cashback offer to help motorists with rising costs ahead of the early May bank holiday weekend. From 1 May to 31 July, eligible personal Barclays debit card holders can earn 5 per cent cashback on fuel purchases at Tesco stations.
The offer applies to transactions between £5 and £200, with a maximum of £10 cashback per customer per calendar month. Barclays confirmed the cap is based on the purchase date, not when the cashback is received. The initiative follows a surge in fuel prices partly due to the Middle East conflict.
A Barclays consumer spend report found that 67 per cent of UK adults are confident in their household finances, but fuel costs are driving up essential spending. The offer runs alongside Barclays' £200 switching deal for new current account customers who open via the app before 28 May.
Vim Maru, chief executive of Barclays UK, said: “Through our partnership with Tesco, we’re able to offer savings on fuel at a time when costs are rising, helping customers make their money go that bit further.” Tesco UK chief executive Ashwin Prasad added: “Thanks to our partnership with Barclays, Tesco shoppers across the country will now be able to get cashback when they fill up their tank at Tesco using their Barclays debit card.”
Eligible cards include Barclays basic current accounts, Bank accounts, Premier current accounts, Student Additions/Higher Education accounts, and Wealth current accounts. Cashback is usually paid one to two working days after the transaction, appearing as “Barclays Fuel CB” on statements. Exclusions apply, such as Esso filling stations.
