Barclaycard offers mortgage perk

Barclaycard users who collect Profile points will shortly be able to use them for up to £1,500 worth of cash-backs if they take out a new mortgage with Barclays Bank or switch from another lender. The scheme offers a cashback of £100 for every 300 points surrendered, up to a maximum of 4,500 points.

The promotion will start from 13 March and run for at least a year. It is modelled on the successful offer exchanging points for discounts on Ford cars, which has so far been used by 25,000 buyers.