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MSE News: Halifax ditches £5 monthly reward for Clarity customers

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in Credit cards
More than 150,000 Halifax Clarity customers will no longer be able to pocket £5/month for using their credit card...
Read the full story:
'Halifax ditches £5 monthly reward for Clarity customers – but new online applicants can still get it... for now'

Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
'Halifax ditches £5 monthly reward for Clarity customers – but new online applicants can still get it... for now'

Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Who qualifies for the £5/month Clarity card reward?
You must...
Hold a Halifax current account and pay in £1,000 or more each month; or use Halifax's switching service to move your current account to a Halifax current account and agree to pay in £1,000 or more each month; or open or hold a Halifax Ultimate Reward Current Account (no minimum pay-in required)
Spend at least £300 on the Clarity credit card each month
Halifax reward is £750 a month:
https://www.halifax.co.uk/bankaccounts/rates-rewards-fees/Default.asp
Must be me, thinking about the reward on the current account.
Not sure how you are getting £420 a year of out it? One each and a joint can net you up to £225 - so I'm guessing you must have additional accounts or am I missing something?
3 each and 1 joint. Got it?
Halifax is penalising its most loyal customers first which seems a bit odd. I am looking at closing my Halifax current account too.
I think it's a sign of the future.
All rewards and perks cost money to companies and if they are not cost efficient anymore, they will discontinue.
With all the different claims and complaints etc. that have been around over the years, they appear to be good for us, the consumer at the time. However, they do have an impact for the future on all products I feel.
Eventually, all companies will make changes to recoup their losses.