Co-op bank Everyday rewards - Changes from 1st August 2020

Ed-1

financialbliss said:

so looks like they may have changed their mind for now...?

Looks like it. You'd be hard pressed to spend 60 times on debit card in the current times!

bristolleedsfan

mummyof5 said:

bristolleedsfan said:

For months I have been doing 1p x 6 per day water payments with required info copied and pasted from word document, will take 10 days when changes come into effect.

Has no one ever objected to you doing this ?
I usually manage the 30 transactions but now I am shopping as infrequently as possible it really isn't going to work for me anymore. I pay for water by direct debit currently so don't know if I could do this either.
I haven't had any notification from Co-op either.

Coop Bank will be happy as AFAIK it get paid for debit card transactions,  Water company have not said anything, they could increase minimum transaction if they wanted to, have not done so, W.C replied to a message I sent them re forthcoming years £5 a year discount for paying by DD. didnt mention or ask me about 30x1p payments per month.

[Deleted User]

mummyof5 said:

financialbliss said:

How odd. I've just checked the PDF I've linked to - post #1 on the co-op website and can confirm the contents are not the same as the one as I originally linked to (which I saved)...

Now wondering if they are posponing the changes in light of the current Covid-19 pandemic - purely speculation on my part, but I've had no notification either and the banner on the rewards section of their internet banking where the link to the changes PDF initially was has gone, so looks like they may have changed their mind for now...?

I never could find it when you linked it. Here’s hoping !

Also if you look as a new customer the everyday rewards are advertised as they are now. 

bristolleedsfan

Re my earlier post, when I  used Google browser and thus autofill I found verified by visa password challenge kicked in every time, I have now gone back to non google browser, copying and pasting required info, verified by visa password challenge only kicks in 1/6 occasions which is the most i do Coop 1p debit card transactions via water company make a payment on days that it is done.

margaretx9

Who makes 60 debit card transactions a month?
Still maybe I will pay per item instead of per shop when I go to the supermarket. 10p banana - 5p from the Coop.
If enough people take the p - they might review things!
Still easier to follow than the new Halifax reward scheme though!

alandaniel132

quirkydeptless said:

I was expecting worse when I saw the thread title

At only 5p a pop, I don't want to do the transactions manually. My automated Amazon gift card payments only cover 28-31 transactions per month, so not got a solution currently for the extra ones to bump it to 60. A puzzle to be solved

What do you meaning using automated Amazon gift card payment only cover 28 transaction per month?
How do 

quirkydeptless

alandaniel132 said:

quirkydeptless said:

I was expecting worse when I saw the thread title

At only 5p a pop, I don't want to do the transactions manually. My automated Amazon gift card payments only cover 28-31 transactions per month, so not got a solution currently for the extra ones to bump it to 60. A puzzle to be solved

What do you meaning using automated Amazon gift card payment only cover 28 transaction per month?
How do 

Automated £1 daily top ups to my Amazon Gift card from my Co-op Debit card. 5p from Co-op, so I think of it as a 5% discount which looks better than 5p

By 28-31 I mean 28 happen in Feb, so I do 2 manual ones, 30-31 in the other months.

If I created a second Amazon account doing the same, I could to the 60 automatically.

Yorkshire_Pud

financialbliss said:

How odd. I've just checked the PDF I've linked to - post #1 on the co-op website and can confirm the contents are not the same as the one as I originally linked to (which I saved)...

Now wondering if they are posponing the changes in light of the current Covid-19 pandemic - purely speculation on my part, but I've had no notification either and the banner on the rewards section of their internet banking where the link to the changes PDF initially was has gone, so looks like they may have changed their mind for now...?

I wish! Don’t think for a moment they won’t make the changes though. They informed you then reverted to the current offer which like many institutions they don’t bother to flag up the impending change.
The sixty transactions is just a ruse to make it appear you could get almost as much as before but in reality means most, or just me, will get about £3 max instead of £5 per month based on my guesswork!

soulsaver

Yorkshire_Pud said:

financialbliss said:

How odd. I've just checked the PDF I've linked to - post #1 on the co-op website and can confirm the contents are not the same as the one as I originally linked to (which I saved)...

Now wondering if they are posponing the changes in light of the current Covid-19 pandemic - purely speculation on my part, but I've had no notification either and the banner on the rewards section of their internet banking where the link to the changes PDF initially was has gone, so looks like they may have changed their mind for now...?

I wish! Don’t think for a moment they won’t make the changes though. They informed you then reverted to the current offer which like many institutions they don’t bother to flag up the impending change.
The sixty transactions is just a ruse to make it appear you could get almost as much as before but in reality means most, or just me, will get about £3 max instead of £5 per month based on my guesswork!

They didn't inform me - the only place I've seen it is here.

bristolleedsfan

Yorkshire_Pud said:

The sixty transactions is just a ruse to make it appear you could get almost as much as before but in reality means most, or just me, will get about £3 max instead of £5 per month based on my guesswork!

No, 60 transactions is to make Co-op Everyday Rewards pay for itself/maybe profit and/or reduce what is being paid out to those who cannot/wont meet the new threshold. at a time when Banks are scrapping/reducing/changing rewards for doing very little/nothing for them.