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Halifax Reward Account changing to £3 charge with “lifestyle rewards”
edited 11 March at 8:03AM in Budgeting & Bank Accounts
1.3K replies 108.4K views
Had the following letter this morning:
We’re making changes to Reward Current Accounts - they mean you need to tell us if you want to keep your Reward Current Account. If we don’t hear from you, your account will change to a Current Account that doesn’t charge a monthly fee or offer rewards. To help you decide which account is right for you, I’ve explained everything you need to know below.
From 1st June 2020 we’ll be introducing a £3 monthly maintaining the account fee, which we won’t charge you if you pay in at least £1,500 each month. And instead of being able to earn a £2 monthly reward payment, we’re introducing Reward Extras. This gives you the chance to earn either £5 or a lifestyle benefit each month for 12 months, if you meet the following criteria.
To qualify for Reward Extras each month, you need to pay in at least £1,500 and stay in credit. You also need to choose whether to earn £5 or a lifestyle benefit by either spending £500 or more each month using your debit card, or by keeping a daily balance of £5,000 or more in your account. The offer you choose is fixed for 12 months and you can’t change it during this time. There’s more about this below and in the table on the back.
Here’s some information about the Reward Extras you can choose if you decide to keep your Reward Current Account:
• Three digital magazines a month, from a selection provided by Hearst, or
• Two digital movie rentals a month, from Rakuten TV, or
• One cinema ticket each month which you can use at any UK Vue Cinema, or
• Earn £5 each month