Halifax Switch Offer £125

SpanishBlue

sheffieldeagle said:

Aidanmc said:

sheffieldeagle said:

Hi

I'm an existing customer with one Halifax reward account. I was thinking of opening a new ultimate reward account and switching. Then plan to downgrade the account once I've got the bonus. I'm assuming this Is an option?

Cheers

Why not try an open a second Reward account first?

Quite possible you will be able to. I did a few months ago.

I was thinking of this but I thought you could only have one type of reward account? I would rather do this.

Thanks

I'm one of many on here that has 3 Reward accounts.

Some even have 4, but I don't think that is possible anymore unless they are already open.

born_again

MalMonroe said:

Rubbish news for me and no, I am not kidding.

I can't pay in £1500 per month and don't want to pay £3 a month for 'maintenance' either.

I'll have to stick with Nationwide a bit longer.

You do realise that the £125 = 41 months cover of the £3.00.
So even if you left it a year & switched out again. You would be £89 up. Switch sooner & it's even more.

Bit of a no brainer.

Alex9384

So, anyone on here who has already had 3 Reward accounts and now successfully opened the Ultimate Reward as their 4th account?

SpanishBlue

Alex9384 said:

So, anyone on here who has already had 3 Reward accounts and now successfully opened the Ultimate Reward as their 4th account?

crumpet_man has. See his post on page 2 (2nd post down).

Chaykin

I'm interested in this switcher offer (have suitable feeder accounts) but already have one "Reward Current Account" (used for £5/month) with Halifax and their T&Cs (page 26 of this document https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf ) say that you can only have one "Reward Current Account" in sole name? Is that true?

Do I:

• Try and open a second "Reward Current Account" and see what happens.

• Open an "Ultimate Reward Current Account", bag the switch offer and then downgrade the account.

• Downgrade the existing "Reward Current Account" to "Current Account" and subsequently apply for a new "Reward Current Account".

Any recommendations?

noh

Alex9384 said:

So, anyone on here who has already had 3 Reward accounts and now successfully opened the Ultimate Reward as their 4th account?

Yes I have done so.
The Ultimate Reward was opened and appeared immediately in online banking after application.
It is my 6th Halifax account. 3 Rewards, 1 Current Account and 1 Easycash.
The switch should complete on the 15th. I have had the text message to confirm that.

Aidanmc

Chaykin said:

I'm interested in this switcher offer (have suitable feeder accounts) but already have one "Reward Current Account" (used for £5/month) with Halifax and their T&Cs (page 26 of this document https://www.halifax.co.uk/assets/pdf/bankaccounts/pdf/bank-account-guide.pdf ) say that you can only have one "Reward Current Account" in sole name? Is that true?

Do I:

• Try and open a second "Reward Current Account" and see what happens.

• Open an "Ultimate Reward Current Account", bag the switch offer and then downgrade the account.

• Downgrade the existing "Reward Current Account" to "Current Account" and subsequently apply for a new "Reward Current Account".

Any recommendations?

 I would try and open a 2nd Reward account.

I was able to open a second one a few months ago no problem.

n1guy

I switched over an old Santander account I hadn't been using, would this be okay?  Funny how I was rejected for the exact same nationwide offer last week. Once I get the money I might switch back to Santander and get their offer as I haven't had a cashback offer from them 

Scrounger

n1guy said:

I switched over an old Santander account I hadn't been using, would this be okay?  Funny how I was rejected for the exact same nationwide offer last week. Once I get the money I might switch back to Santander and get their offer as I haven't had a cashback offer from them 

Why were you rejected for Nationwide?

Scrounger

n1guy

Scrounger said:

n1guy said:

I switched over an old Santander account I hadn't been using, would this be okay?  Funny how I was rejected for the exact same nationwide offer last week. Once I get the money I might switch back to Santander and get their offer as I haven't had a cashback offer from them 

Why were you rejected for Nationwide?

Scrounger

Don't have a clue, credit scoring I presume.