Halifax Scrapping £5/Cinema ticket Rewards.

FIREDreamer

Just paid out the £500 debit card spend for September to Hargreaves Active Savings. Is this the last time I need to do this round robin to get tne big payment in October?

WillPS

FIREDreamer said:

Just paid out the £500 debit card spend for September to Hargreaves Active Savings. Is this the last time I need to do this round robin to get tne big payment in October?

Yes. The October payment will be for September, and will cover the rest of your Reward Extra period.

Any rewards obtained in October would have been paid in November, but the whole thing will be history by then.

FIREDreamer

WillPS said:

FIREDreamer said:

Just paid out the £500 debit card spend for September to Hargreaves Active Savings. Is this the last time I need to do this round robin to get tne big payment in October?

Yes. The October payment will be for September, and will cover the rest of your Reward Extra period.

Any rewards obtained in October would have been paid in November, but the whole thing will be history by then.

Thank you.

No reason to keep these accounts open after that I guess, as I already have Club Lloyds and the 6.25% and 5.25% regular savers. 

apt

FIREDreamer said:

WillPS said:

FIREDreamer said:

Just paid out the £500 debit card spend for September to Hargreaves Active Savings. Is this the last time I need to do this round robin to get tne big payment in October?

Yes. The October payment will be for September, and will cover the rest of your Reward Extra period.

Any rewards obtained in October would have been paid in November, but the whole thing will be history by then.

Thank you.

No reason to keep these accounts open after that I guess, as I already have Club Lloyds and the 6.25% and 5.25% regular savers. 

Better to use them to get switch offers from elsewhere rather than just close them.

Doc_N

apt said:

FIREDreamer said:

WillPS said:

FIREDreamer said:

Just paid out the £500 debit card spend for September to Hargreaves Active Savings. Is this the last time I need to do this round robin to get tne big payment in October?

Yes. The October payment will be for September, and will cover the rest of your Reward Extra period.

Any rewards obtained in October would have been paid in November, but the whole thing will be history by then.

Thank you.

No reason to keep these accounts open after that I guess, as I already have Club Lloyds and the 6.25% and 5.25% regular savers. 

Better to use them to get switch offers from elsewhere rather than just close them.

But watch out for the continuing monthly fees - still avoidable, of course.

dcs34

Doc_N said:

apt said:

FIREDreamer said:

WillPS said:

FIREDreamer said:

Just paid out the £500 debit card spend for September to Hargreaves Active Savings. Is this the last time I need to do this round robin to get tne big payment in October?

Yes. The October payment will be for September, and will cover the rest of your Reward Extra period.

Any rewards obtained in October would have been paid in November, but the whole thing will be history by then.

Thank you.

No reason to keep these accounts open after that I guess, as I already have Club Lloyds and the 6.25% and 5.25% regular savers. 

Better to use them to get switch offers from elsewhere rather than just close them.

But watch out for the continuing monthly fees - still avoidable, of course.

They can be downgraded to standard Halifax Current Accounts to avoid that as well (if one wants to stop bothering with the monthly transfers in and out)

adindaspantai

I understand we will still receive £5 until Sep 30, 2025. In the letter it says we will continue receiving the remaining reward.

I still have six month rewards. Based on my understanding I will receive £30 by the end of October at latest. 

My question 

1. Is the spending of £500 by debit card still needed, for the rest of six months, or  until October 2025 will be sufficient?

2. The reward is now replaced with fee free for spending in different currency. To receive this perk do we still need to pay £1,500 monthly into the account and spending £500 by Debit card ? 

3. Pay  £1,500 monthly is not that difficult, but spending £500 by Debit card is too much work for such a tiny perk. If this was the case I wonder what is the best course of action down grading the account to everyday account, or just close it  ?

Thank for help.

danny13579

1: September 2025 is the last month you need to do the £500 debit card spend.

2: £1,500 per month, yes to avoid the £3 fee. £500 per month debit card spend, no.

3: If you keep the account as it is you need to keep funnelling £1,500 per month through it to avoid the £3 monthly fee. If you downgrade to a Current Account you can just leave it there and forget about it.
Same if you close it or switch it out.

TheMod1

Should we wait for the final reward payment or can we just downgrade the account on the 1st October and still get the reward payment?

danny13579

TheMod1 said:

Should we wait for the final reward payment or can we just downgrade the account on the 1st October and still get the reward payment?

Wait until you get your final payment (12th-ish October) and your remaining payments (sometime in October) before downgrading.