Barclaycard have recently cut the amount of cashback that customers earn for spending on their credit cards. The move comes about a month after the company withdrew cashback cards for new customers and stopped promoting its Freedom rewards scheme. Customers currently receive the cash equivalent of 1% for the first £200 of monthly spending and 0.5% for spending above this level. From the start of August this will reduce to 0.25% for the first £200, 0.35% for spending between £200 and £1,500 and 1% for spending over £1,500. The company have said the cuts have been made for commercial reasons and that there are no plans to axe the scheme altogether.