Changes to Reward and Ultimate Reward Accounts

melbell

pqrdef wrote: »

Well mine are 10 months/year and 8 months/year and I'm not doing anything about it. These silly rules can get too picky.

I've got my own T&C, which say that the price of my custom is £5/month 12 months/year. If they don't comply, I will close my accounts and they can kiss goodbye to their chances of flogging me a Clarity card.

You sound stupid you know

I bet Halifax will be glad to see the back of you and the rest that have just been leeching off them.

slush

Has anyone seen any specific reference to the BoS Reward account regarding such a change?

pqrdef

melbell wrote: »

I bet Halifax will be glad to see the back of you and the rest that have just been leeching off them.

12 months later they'll be offering me £100 to come back.

Gromitt

pqrdef wrote: »

12 months later they'll be offering me £100 to come back.

Which is a better deal than the £75/year they are currently paying you to keep you as a customer as at least you won't be taxed on it!

Ryan101

Just got off the phone with the Halifax on a unrelated matter and asked about the changes and was told (Not sure if this is 100% true but its what she said):

1) Direct debits minimum of two regular month to Utilities (Gas, Electric, Mobile phone) or Credit Card payments, must be for variable amounts and not fixed repayments.

2) £750 credit must be by BACS payment only, not TFR (Internal) or FPI from another bank, so for example wages or benefit payments, interest payments are not included in the £750 total.

She said my EDF Direct Debit and Home Insurance would be fine, but going to struggle on the BACS payments.

She did sound knowledgeable, but I really don't know, would advise checking yourself to find out, but its one way of weeding everyone out.

innovate

neither of these two statements are supported by their written T&Cs. I think they are both ridiculous, particularly number 1.

latecomer

My utility and mobile DDs are fixed amounts......

I guess like most of these things, most people dont know the full details and hence people get told a load of nonsense particularly before the change takes place.

YorkshireBoy

latecomer wrote: »

My utility and mobile DDs are fixed amounts......

What does that matter? So long as they have different 'originator' reference numbers they'll satisfy the T&Cs.

I guess like most of these things, most people dont know the full details

All "most people" have to do is read the 4-page document (either online or the paper copy they'll send out in due course), which contains all the customer needs to know. Quite why people have to ring Halifax and ask is beyond me. For example, the requirement is to "pay in", ie credit the account with, £750 per calendar month. Since the T&Cs don't stipulate where it must come from, and the converse...where it must not come from, why are people asking Halifax call-centre staff to speculate?

This thread is going to go the way of the LTSB Vantage thread, where people were trying to put their own slant on clearly written T&Cs.

and hence people get told a load of nonsense particularly before the change takes place.

See above...it's pure speculation/canteen gossip/group think!

latecomer

YorkshireBoy wrote: »

What does that matter?

Just making the point that utility bills etc are not necessarily varying amounts to counter the previous post

In general people are just speculating about all aspects of it.

innovate

I have just remembered that all our discussions about changes next May are academic anyway - the end of the world is scheduled for this Friday. How irresponsible of the Halifax to make us believe there will be bank accounts after the apocalypse.

http://www.bbc.co.uk/news/magazine-20764906