Tesco to offer cashback on fuel as petrol and diesel prices continue to soar
Barclays and Tesco have unveiled a new fuel rebate offer aimed at reducing consumers’ car costs ahead of the busy early May bank holiday weekend.
From 1 May until 31 July, eligible personal Barclays debit card holders can earn 5 per cent cashback on fuel purchases at Tesco stations.
The offer is valid for transactions between £5 and £200, capped at £10 per customer per calendar month. Barclays clarified that the cap is determined by the date of purchase, not the date the refund is received.
This timely initiative comes in the wake of a rise in fuel prices largely attributed to the ongoing conflict in the Middle East.
A recent Barclays ‘consumer spending report’ highlighted that although most UK adults (67 per cent) are confident in their household finances and ability to live within their means (71 per cent), fuel spend is a key driver of the overall increase in essential spending.
The new fuel offer also runs alongside Barclays’ £200 switch deal for new customers who open a current account through the bank’s app before 28 May.
Barclays regularly offers a range of cashback offers across everyday spending areas to Blue Rewards, Premier and eligible Barclaycard customers.
Once customers sign up for cashback rewards on the Barclays app, they can receive cashback as well as personalized offers from supermarkets, subject to terms and conditions.
Get a free partial share of up to £100.
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Get a free partial share of up to £100.
Capital is at risk.
Terms and conditions apply.
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Vim Maru, CEO of Barclays UK, said: “Through our partnership with Tesco, we are able to offer savings on fuel at a time when costs are rising and help our customers make their money go that little further. This fits in nicely alongside our £200 converter offer for new customers looking to open a Barclays current account.”
Tesco UK CEO Ashwin Prasad said: “Through our partnership with Barclays, Tesco customers across the country will now be able to get cashback when they top up at Tesco using a Barclays debit card.”
Barclays has published full details of the refund offer on its website. Some exclusions will apply; For example, Esso filling stations are not included in the offer. A suitable personal Barclays debit card must be used to pay for fuel.
Eligible cards may include cards linked to a Barclays basic current account, Barclays Bank account, Premier current account, Student Supplements/Higher Education account or Asset current account.
People must be aged 18 or over and resident in the UK.
Barclays said people would typically receive their cash one to two business days after the fuel transaction left their account. It will be paid to the account used for fuel payment.
The credit will appear on the statement as “Barclays Fuel CB.”
