What are the Halifax Reward loopholes?

hermante

NottinghamKnight said:

hermante said:

The loophole is to use curve to deposit into ernie with a credit card on the last day of each month, wait for a month to enter the draw, then withdraw it to the halifax account on the 1st and pay off the credit card without having actually spent any of your own money and possibly winning a million pounds in the process.

The chances of winning £25 using that strategy are pretty low, let alone the million.

But you get the Halifax fiver and credit card reward points / cashback.

colsten

hermante said:

colsten said:

hermante said:

The loophole is to use curve to deposit into ernie with a credit card on the last day of each month, wait for a month to enter the draw, then withdraw it to the halifax account on the 1st and pay off the credit card without having actually spent any of your own money and possibly winning a million pounds in the process.

Not sure what you are trying to achieve with a credit card as you need to use your Halifax debit card if you want the monthly reward. Although you are free to use Curve with your Halifax debit cards, there’s no need to do so. 

Just think about it for a minute and you will understand.

I can assure you what I said above is correct. The use of a Curve card does not turn a Halifax credit card into a Halifax debit card.

Perhaps you meant debit card when you said credit card? Though it is then unclear why you added the complication of the Curve card. Or you are in the wrong thread? This thread is about the Halifax Reward account. It is also mainly about the number of Reward accounts rather than about ways of meeting the Reward criteria.

colsten

hermante said:

NottinghamKnight said:

hermante said:

The loophole is to use curve to deposit into ernie with a credit card on the last day of each month, wait for a month to enter the draw, then withdraw it to the halifax account on the 1st and pay off the credit card without having actually spent any of your own money and possibly winning a million pounds in the process.

The chances of winning £25 using that strategy are pretty low, let alone the million.

But you get the Halifax fiver and credit card reward points / cashback.

Please provide the link to the Halifax web page which details how you earn these.

NottinghamKnight

hermante said:

NottinghamKnight said:

hermante said:

The loophole is to use curve to deposit into ernie with a credit card on the last day of each month, wait for a month to enter the draw, then withdraw it to the halifax account on the 1st and pay off the credit card without having actually spent any of your own money and possibly winning a million pounds in the process.

The chances of winning £25 using that strategy are pretty low, let alone the million.

But you get the Halifax fiver and credit card reward points / cashback.

Are you paying the credit card bill with the reward debit card? Which credit card are you getting the reward/ cashback as there's slim pickings on that from what I can see. 

AlwaysLearnin

In fairness they say "then withdraw it to the halifax account on the 1st and pay off the credit card", which I took to be with the Halifax debit card to qualify for the fiver.  

If using Curve to mask a credit card payment to NS&I works... 

colsten

OK, I sort of get it now. But this is a tied-up-in-knots approach and I fail to see why a credit card and tying up money for a month needs to be involved.

AlwaysLearnin

I suppose the tied up money is on the credit card, so a bit like stoozing (plus they get the cashback/points).  They could withdraw from NS&I and pay back quicker, but I guess the thinking is that there's no financial advantage in paying the card debt early, and (assuming adequate credit limit and beneficial billing/payment dates) you could be in a premium bond draw for 'free'. 

Agree it's added complexity (but probably no more so than people that do dozens of debit card payments for pennies each every month..?), but each to their own

tel_

I take it transfering the £1,500 internally from one Reward account to the other meets the requirements? It doesn't have to necessarily come from another external bank account?

crumpet_man

Correct.

ZeroSum

I thought this topic has been done to death? Are some still unaware what needs to be done?