Barclaycard wants to launch a loyalty scheme in the next 12 months
Barclaycard’s 12 million credit-card holders could soon be offered monetary rewards if they use their card to buy from retailers that work with Barclaycard.
Barclaycard look to be moving into direct competition with the major loyalty card players such as Nectar and Tesco Clubcard and with both of these schemes fully enbedded into the shopping community, this could be a big task.
However, Barclaycard chief executive Antony Jenkins believes that if they do launch the scheme, shoppers will benefit by receiving rewards from many retail outlets which work with Barclaycard, up to 90,000 of them in fact, varying from online shopping websites to a local takeaway or restaurant. All simply by making their usual purchases with their Barclaycard.
Like any business looking to operate a loyalty card scheme, it will need to be simple and convenient for customers. In fact, it will need to be simplicity itself and make full use of available technology to make it totally electronic and instant for the card user.
Mr Jenkins said to Retail Week:
“This is about supporting the high street – it will make connections between our card holders and our retailers. For customers, they are getting better value on their usual spend. For retailers, it’s about giving them a competitive edge in a difficult market by driving greater footfall to their stores.”


