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

Bossworld

Oh well, it was good while it lasted.

Can understand it wasn't viable to continue - I just ensured I hit the £300 threshold on general spending, then banked the fiver from the Clarity card, the fiver from the Reward account, and put any other household spending on the AMEX Platinum Cashback card. Halifax never earned a penny off me other than merchant transaction fees.

Tempted by one of those Virgin money transfer offers once this finishes in September, but not sure what limit they'll provide.

King_Of_Fools

apt wrote: »

Removing the £5 bonus for longstanding customers first is a slap in the face. I'll keep the card, but will not spend on it unless there's a cashback offer or saving on foreign exchange fees that I can't get elsewhere. Will probably open a Nationwide select card which offers cashback, 12 months 0%, and fee free foreign purchases, although not ATM withdrawals.

Be aware that the Nationwide Select card does not give cashback on foreign purchases so there will be no difference between that or the Halifax Clarity when used abroad (other than the exchange rate fluctuations of Visa and Mastercard respectively).

apt

King_Of_Fools wrote: »

Be aware that the Nationwide Select card does not give cashback on foreign purchases so there will be no difference between that or the Halifax Clarity when used abroad (other than the exchange rate fluctuations of Visa and Mastercard respectively).

True, but you still get the 12 months 0%, so Nationwide will be better in the short-time despite the slightly worse wholesale exchange rates from VISA. Also almost £30 cashback for applying for the card via Topcashback.

King_Of_Fools

apt wrote: »

True, but you still get the 12 months 0%, so Nationwide will be better in the short-time despite the slightly worse wholesale exchange rates from VISA. Also almost £30 cashback for applying for the card via Topcashback.

Agreed, it is a good card to have (even after the first 12 months) in your wallet when abroad. I have both Halifax Clarity and Nationwide Select to use in case somewhere only accepts Visa or Mastercard and as a backup in case one gets blocked.

SuiDreams

Was going to cancel my card after September due to this, but if the everyday offers are staying, I may keep it in case something I would use comes up on there.

gingercordial

Bossworld wrote: »

Can understand it wasn't viable to continue - I just ensured I hit the £300 threshold on general spending, then banked the fiver from the Clarity card, the fiver from the Reward account, and put any other household spending on the AMEX Platinum Cashback card. Halifax never earned a penny off me other than merchant transaction fees.

Same here. I use it for overseas transactions (so I will keep it for that) and the few places I shop at that don't take Amex, but then each month I'd see if I needed to route more household spending through Halifax to hit the £300 rather than maximising Amex. Once the £5 disappears it'll only be used overseas and if places absolutely can't take Amex.

Katiehound

Shame- it was good while it lasted. My notification letter arrived today.I always spent the £300 + a bit and then moved on to Tesco CC (which also reduced its perks!!)
Now rethinking!
I use it a lot abroad so would not want to cancel it.

darkidoe

Just received the letter today. Gonna start using TSB 1% Platinum cashback card as my main card from now on.

Westie983

My letter arrived today...

Going to utilise it till September then it will be used solely for overseas transactions only, will reside in the back of my passport..

saver861

johnmoney05 wrote: »

3 each and 1 joint. Got it?

How does one person hold 3 Reward accounts - at £5 month for each account?