Halifax Scrapping £5/Cinema ticket Rewards.

Chaykin

£40 + £40 + £10 = £90 for me.

Going to switch away one of those to my existing TSB account for the switch offer. I like when banks enable switch offers when switching to an existing account rather than only for new accounts.

Not going to downgrade the other two accounts just yet as it's easy enough to cycle £1,500.00 through them. They will be good donor accounts for any future switch offers.

Doc_N

Interesting……..no sign of anything on any of the five accounts held between my wife and I.  Anyone else in that position?

Hattie627

I've downgraded my 3 Reward current accounts to current accounts on 23 October. I recycled £1500 through all three accounts on 1st October. For safety, should I do this again on 1st November or is it safe not to do so? 

NormalNorman

Accounts all downgraded and two of the four [one wife's] now have switches in progress. One I'll keep as in proper use and the remaining account will just be a cat in the bag so to speak, lol!

Section62

where_are_we said:

...
I suppose there is no point in keeping the Reward Current account status.

The only reason is if you are optimistic Halifax may make the Reward account more attractive in future (as they have done in the past) and limit customers to one (new/upgraded) account each (also as they have done in the past).

But impossible to know if this will be the case - but my guess is something new will happen in about 3 years time, maybe sooner if there's lots of switching out.  So for the sake of cycling the money I'm going to keep my 3 going.

pfpf

Doc_N said:

Interesting……..no sign of anything on any of the five accounts held between my wife and I.  Anyone else in that position?

just 2 things spring to mind but probably obvious.

your rewards hadn't expired last month? did you get £5 in to each account 12th/13th of this month?
you completed the requirements in September?

i am sure if "missing" payments was a widespread issue this board would be much busier right now.

good luck.

tomxlisa

Received my last payment I got £10 which I only thought I would get £5 as my reward ended in november, but maybe the £5 I got in september was for august and the £10 was for september and october and nothing for november, as my reward expired around the 8th of november I think so maybe didn’t get anything for that. 

MACKEM99

Downgraded one account so far, got email to say card and PIN on way?

Hattie627

Hattie627 said:

I've downgraded my 3 Reward current accounts to current accounts on 23 October. I recycled £1500 through all three accounts on 1st October. For safety, should I do this again on 1st November or is it safe not to do so? 

Just bumping this up. For those who have just downgraded, are you confident that you don't need to cycle £1500 through the former Reward account(s) in November to avoid a monthly fee being charged? Looking for reassurance!

FIREDreamer

Hattie627 said:

Hattie627 said:

I've downgraded my 3 Reward current accounts to current accounts on 23 October. I recycled £1500 through all three accounts on 1st October. For safety, should I do this again on 1st November or is it safe not to do so? 

Just bumping this up. For those who have just downgraded, are you confident that you don't need to cycle £1500 through the former Reward account(s) in November to avoid a monthly fee being charged? Looking for reassurance!

If you downgrade now, it will be a normal account throughout November so no fee should be charged, surely?

Downgraded all 3 of mine yesterday.