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Barclaycard is to launch a new scheme to allow over eight million credit card holders to earn reward points.

Called Barclaycard Freedom, the loyalty scheme will allow cardholders to earn rewards at an unprecedented number of shops restaurants and online outlets.

It will be open to a large number of small and medium retailers for the first time.

The scheme promises to be easy to benefit from, as cardholders will not have to do or pay anything to join, nor will they have to replace their existing card.

Reward points will automatically be issued to those who use their Barclaycard at particular retailers, amounting to 1% on most transactions.

Cardholders can choose to redeem their reward money whenever they choose.

Sarah Newman, managing director of Barclaycard Freedom, said: "The breadth of Barclaycard Freedom offers customers the chance to earn Reward Money when they do their weekly shop, go out for a meal or shop online."

Barclaycard offers many credit cards including the platinum gold and Goldfish cards.

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Credit Cards	Balance Transfers	Purchases	APR Representative (Variable)
	Tesco ClubCard Purchases Credit Card
	0% 9 months 2.9% fee	0% 16 months	16.9%
Representative Example: The annual purchase rate is 16.9% p.a (variable) so if you spend £1200 your representative apr will be 16.9% p.a (variable)
	Barclaycard Platinum with BT (26 Mths)
	0% 26 months 3.5% fee	0% 6 months	18.9%
Representative Example: The annual purchase rate is 18.9% p.a (variable) so if you spend £1200 your representative apr will be 18.9% p.a (variable)
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