[Targeted] Barclays - Open A Savings Account & Earn 5,000 JetBlue Points

Deal has expired, view more Barclays deals by clicking here or more savings account bonuses here.

Offer at a glance

Maximum bonus amount: 5,000 JetBlue points
Availability: Targeted, must be JetBlue cardholder
Direct deposit required: None
Additional requirements: See below
Hard/soft pull: Unknown
ChexSystems: Unknown
Credit card funding: Unknown
Monthly fees: None
Early account termination fee: Unknown
Household limit: None listed
Expiration date: December 15th, 2018

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
- 3.1 Monthly Fees
- 3.2 Early Account Termination Fee
4 Our Verdict

The Offer

No direct link, targeted offer sent out via e-mail

Barclays is offering some JetBlue cardholders 5,000 JetBlue points when they open a Barclays Online Savings Account and complete the following requirements:
- Deposit $10,000 or more within 90 days of account opening
- Have a balance of $10,000 or more at the end of this 90 day period

The Fine Print

Offer is valid for JetBlue cardmembers in good standing and is not transferable.
Cardmembers will earn 5,000 bonus TrueBlue points after opening a Barclays Online Savings Account before December 15, 2018, and making deposits totaling $10,000 or more within the first 90 days of account opening.
If your total deposit balance does not meet or exceed $10,000 at the end of this 90 day period you will not be eligible for any bonus points as part of this offer.
To receive your bonus points, your JetBlue credit card account must be open, active and in good standing. Your bonus points will appear on your statement up to 6-8 weeks after the end
of the promotion.
All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

This account has no monthly fees to worry about

Early Account Termination Fee

I wasn’t able to find a fee schedule so I’m unsure if there is any early account termination fee.

Our Verdict

This bonus is too small to be seriously worth considering. The account does come with a 1.9% APY, but there are so many other basic high yield savings accounts earning up to 2.25% APY that 1.9% is really not that competitive. The bonus itself is too small, even though JetBlue points are worth more than 1¢ each towards flights. I won’t be adding this to our list of the best savings account bonuses but it is interesting to see Barclays enter the bonus game.

Big thanks to reader, Celestino who let us know. Learn how to find bonuses and contribute to the site here.

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6 Comments

newest

oldest most voted

Jay (@guest_723436)

February 16, 2019 19:20

#723436

DP: Opened account 10/19/18 deposited 10k 1/15/19 withdrew 10k 1/23/19. Bonus is on my February credit card statement. Seems if you have 10k to float it’s easy enough to do to just let the money sit in the account for a week at the end of the 90 days. Still only a small bonus though.

Chris (@guest_666708)

November 2, 2018 00:00

#666708

Thanks for the great info. If I could get this with just $100, I’d gladly deposit and possibly forget about the account. But for $10k? I have the money, but it’s not chump change. I could get so much more points just by opening a card that I charge $1000 to, pay off, and throw away.

Daryl J (@guest_666426)

November 1, 2018 15:27

#666426

From the fine print, doesn’t it seem like you just have to have that $10K in the account right before the 90th day? Is there an amount of time you need to keep it there?

arnold semmons (@guest_657927)

October 15, 2018 19:30

#657927

I didn’t receive that offer via email but I did see it while I was viewing my JetBlue credit card account online. I think maybe I’ll hold out until they give a better offer