Halifax One Card - Cashback Points?

gothgirl123

I've noticed I'm working up a few cashback points on my credit card... What do these actually do/mean?!

King_Of_Fools

Each point is worth a penny. So if you earn 1000 points, at the end of your year you will have £10 credited to your account.

You will earn points each time you spend on the card so to get a bigger bonus you need to spend more!

gsnooks

gothgirl123 wrote: »

I've noticed I'm working up a few cashback points on my credit card... What do these actually do/mean?!

Don't get too excited, when I first took out my Halifax one CC I thought I was getting 2% cashback...1 year down the like you can imagine my dissapointment when I thought I was getting £233 pound back....when actually I got £23!

Unless you you're on the 9.9% apr, ditch it and go to someone who'll offer you more....just having my Conran card from November last year I've racked up £32 of cashback....so now they've gone, I've moved to Egg Money...7.9%apr and 1% cashabck (need the visa btw)

gothgirl123

I hardly ever use my credit card, only in emergencies or for buying concert tickets which I pay off straight away on payday! So not that fussed about changing at the moment... Thanks for telling me what the points actually are though!!!!

wurley

Halifax have just sent out a change of conditions on thier cashback card.... They'll only pay out cashback if you've earned over £10 in cashback... Here's the worst bit.... They are going to round DOWN to the nearest £5!!! Earn £14.99 and only get £10!!! Surely this is theft of my own money after all I earned the cashback fair and square!!

M_Thomson

gsnooks wrote: »

Don't get too excited, when I first took out my Halifax one CC I thought I was getting 2% cashback

The most Halifax One has ever given was 1% cashback. Some people now have cards with 0.5% and some people have cards with 0.25% cashback. Newer applicants do not get any cashback at all.

gsnooks wrote: »

I've moved to Egg Money...7.9%apr and 1% cashabck (need the visa btw)

I thought Egg Money was a Mastercard?

mintymoneysaver

I've just found out my Halifax cashback for this year, £57! That was for persuading the man in the car showroom to let me pay by credit card with no fee! I'll never earn that much again, usually I get about £20...
I noticed those new terms too, what a swizz, still, as I always pay it off every month it's still an added bonus.

King_Of_Fools

All it will mean to me is that I will make sure I only just go over the appropriate £10/£5 barrier and then switch to another cashback card for the rest of this cashback year.

Froggitt

I also signed up for Eggmoney last night, and will cut up Mr Conran as soon as the cashback is in the bank.