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

gjs1701

I won't bother finishing my application and switching my account now.

SlovakianGuy

OMG, how does anyone do 60 transaction a month? Do you guys go out every single day and buy somehing? Or do you shop just once a week doing 15 transactions on that day? I can't imagine it.

When I go shopping it's usually one big shopping at Asda or/and Sainsbury's, that's 1 or 2 transactions. Then fuel, and sometimes a sandwich at Greggs or a coffee somehere. If I also go to carwash, that's 5 transactions and that's already a big success. But the carwash and re-fuelling is usually just once per month. Sometimes I separate my shopping at supermarket and pay with 2 different cards, just to make sure I'm  using all my credit cards, but still, 60 transactions is insane. Even 30 would be too much and I wouldn't bother.

Btw, someone has mentioned Section 75? That's only on purchases of £100 or more, right? No point in doing small purchases with CC for getting the protection. I personally use CCs mostly for building my credit history and cashback. Oh, and also for having active direct debits on certain current accounts. Debit card neither builds my credit history, nor gives me the benefit of having an additional direct debit.

SlovakianGuy

Don't forget, you can use debit card for topping up your PayPal, TransferWise and Revolut. I'd like to know whether these transactions count too.

I used 2 monthly PayPal direct debits on my Halifax Reward current account for getting rewards. Only worked for the first time. The next month, no reward despite  2 direct debits went out.

[Deleted User]

I don’t think I can be bothered with this now for such small reward for so much effort. 

I’ll keep my PO direct debit going but will switch if ever anything better comes along. 

gjs1701

SlovakianGuy said:

OMG, how does anyone do 60 transaction a month? Do you guys go out every single day and buy somehing? Or do you shop just once a week doing 15 transactions on that day? I can't imagine it.   

That is exactly my thought.  I currently use my CC for day to day spending and use it around 20 times a month.  I earn more with cash bach from that than I will with 5p from the Co-op.  So that leaves me with just £2 per month.

keiran

I  pay 5p or 10p thirty times to my Capitalone credit card presently. Not nearly as awful as it sounds. The card details are stored/prepopulated and so it takes, say, 15 min/month. 
But I think they may draw the line at 60 transactions. 
Don't know what TSB is thinking here.

colsten

keiran said:

Don't know what TSB is thinking here.

Nothing.

It's the COOP 

badger09

colsten said:

keiran said:

Don't know what TSB is thinking here.

Nothing.

It's the COOP 

Or even Co-op

margaretx9

Is this for real this time?
Seems so
https://www.co-operativebank.co.uk/currentaccounts/everyday-rewards

badger09

margaretx9 said:

Is this for real this time?
Seems so
https://www.co-operativebank.co.uk/currentaccounts/everyday-rewards

Looks like it. Not surprising really, in fact I was surprised they didn't go ahead when they first announced it.