Halifax Scrapping £5/Cinema ticket Rewards.

pfpf

friolento said:

pfpf said:

i'll probably keep the accounts open and rotate the £1500 for a few months in case "rewards" actually re-appear

I’ll do the same, not least because I need to keep some Halifax accounts for Yougov. Cycling £1,500 through all of them once a month takes but a minute or two, unless they tighten up the rules for the funding

is the YouGov thing still doable and worth while? i looked at it a while back and then did nothing about it. 

crumpet_man

pfpf said:

friolento said:

pfpf said:

i'll probably keep the accounts open and rotate the £1500 for a few months in case "rewards" actually re-appear

I’ll do the same, not least because I need to keep some Halifax accounts for Yougov. Cycling £1,500 through all of them once a month takes but a minute or two, unless they tighten up the rules for the funding

is the YouGov thing still doable and worth while? i looked at it a while back and then did nothing about it. 

Same here, missed the boat now I think.  Early adopters can still get decent payouts but it's much reduced for new users.

Be clever with your cash has a review with example payouts.

PRAISETHESUN

pfpf said:

friolento said:

pfpf said:

i'll probably keep the accounts open and rotate the £1500 for a few months in case "rewards" actually re-appear

I’ll do the same, not least because I need to keep some Halifax accounts for Yougov. Cycling £1,500 through all of them once a month takes but a minute or two, unless they tighten up the rules for the funding

is the YouGov thing still doable and worth while? i looked at it a while back and then did nothing about it. 

crumpet_man said:

pfpf said:

friolento said:

pfpf said:

i'll probably keep the accounts open and rotate the £1500 for a few months in case "rewards" actually re-appear

I’ll do the same, not least because I need to keep some Halifax accounts for Yougov. Cycling £1,500 through all of them once a month takes but a minute or two, unless they tighten up the rules for the funding

is the YouGov thing still doable and worth while? i looked at it a while back and then did nothing about it. 

Same here, missed the boat now I think.  Early adopters can still get decent payouts but it's much reduced for new users.

Be clever with your cash has a review with example payouts.

You can only link 3 accounts now, rather than 10. Anyone with 10 accounts linked gets to keep them all linked, but if they get unlinked for any reason you're unable to re-add them. 

BlueonBlue

Well the toys are leaving the pram it seems .....

i'll probably keep the accounts open and rotate the £1500 for a few months in case "rewards" actually re-appear

The above is the better game to play while this age old purge is in play its dead easy to move £1500 about for 6 months .
When the reward dropped to £3 and then £2 people also reacted negatively .
This has all the signs of a similar purge so far ......but only time will really tell.

They are going to have to dangle some kind of account carrot sooner or later unless uk banking has become a cartel .

Whats the score with Lloyds Cinema tickets are they ending too ?

danny13579

pfpf said:

i'll probably keep the accounts open and rotate the £1500 for a few months in case "rewards" actually re-appear

Hmmm, maybe. I don't have to decide until the first of my rewards expires next April, so who knows what will be happening then. 

goatfaced

BlueonBlue said:

Whats the score with Lloyds Cinema tickets are they ending too ?

Not that I know of. I only mentioned it as a reason to prefer the club Lloyds offering as opposed to what we can see of the new Halifax offering. 

ZeroSum

A "Rewards" account that doesn't actually offer any rewards. Great!!!🙄

Deru

friolento said:

pfpf said:

i'll probably keep the accounts open and rotate the £1500 for a few months in case "rewards" actually re-appear

I’ll do the same, not least because I need to keep some Halifax accounts for Yougov. Cycling £1,500 through all of them once a month takes but a minute or two, unless they tighten up the rules for the funding

First I've heard of this. I so would have done it early on if I knew about it.  Guess I can try it now with 3 account.


As for my Halifax Rewards, it shows my Rewards expire next March and April. I hope they last until then at least ...

MSE_Molly_G

Hi everyone. We've published a news story on this: Halifax axes £5 monthly cash and more on Reward current account – should you ditch it? Thanks!

PRAISETHESUN

MSE_Molly_G said:

Hi everyone. We've published a news story on this: Halifax axes £5 monthly cash and more on Reward current account – should you ditch it? Thanks!

Out of interest, can you tell us where you got the info you quote in your article? I'm assuming you have a contact at Halifax who has confirmed it as there's nothing in the info provided publicly by Halifax so far to tell customers what happens to existing rewards. In particular, getting paid out all existing rewards by the end of October is new information?

What happens to my existing rewards?

These so-called 'Reward Extras' (£5 cash, cinema tickets or digital magazines) last for 12 months from the time you selected them. If you added one to your account before Tuesday 17 June, when Halifax pulled them, here's what you need to know:

• Until 30 September 2025, you'll get your monthly reward as normal, provided you meet the usual criteria. So you'll need to either spend £500+ on your debit card or keep £5,000+ in the account every day (depending on what you chose when setting up the reward).

• After that, if you're still due any rewards, you'll get them ALL automatically by the end of October. You won't have to meet any of the usual monthly criteria; all you need to do is keep your account open until you get what you're due. Here's how it will work:
  

  - If you were signed up for the £5 cash: This will be paid to you in one chunk. For example, if you selected this reward in December 2024, you'll be paid £15 – £5 a month for October, November and December 2025.
  
  - If you were signed up for the cinema tickets: These will be sent to you via email and you'll have 12 months to use them.
  
  - If you were signed up for the digital magazines: You'll get a cash payment of £5 for each of the remaining months instead.