Changes to Reward and Ultimate Reward Accounts
Comments
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Well mine are 10 months/year and 8 months/year and I'm not doing anything about it. These silly rules can get too picky.
I've got my own T&C, which say that the price of my custom is £5/month 12 months/year. If they don't comply, I will close my accounts and they can kiss goodbye to their chances of flogging me a Clarity card.
I bet Halifax will be glad to see the back of you and the rest that have just been leeching off them.0 -
Has anyone seen any specific reference to the BoS Reward account regarding such a change?0
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I bet Halifax will be glad to see the back of you and the rest that have just been leeching off them."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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Just got off the phone with the Halifax on a unrelated matter and asked about the changes and was told (Not sure if this is 100% true but its what she said):
1) Direct debits minimum of two regular month to Utilities (Gas, Electric, Mobile phone) or Credit Card payments, must be for variable amounts and not fixed repayments.
2) £750 credit must be by BACS payment only, not TFR (Internal) or FPI from another bank, so for example wages or benefit payments, interest payments are not included in the £750 total.
She said my EDF Direct Debit and Home Insurance would be fine, but going to struggle on the BACS payments.
She did sound knowledgeable, but I really don't know, would advise checking yourself to find out, but its one way of weeding everyone out.0 -
neither of these two statements are supported by their written T&Cs. I think they are both ridiculous, particularly number 1.0
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My utility and mobile DDs are fixed amounts......
I guess like most of these things, most people dont know the full details and hence people get told a load of nonsense particularly before the change takes place.0 -
My utility and mobile DDs are fixed amounts......I guess like most of these things, most people dont know the full details
This thread is going to go the way of the LTSB Vantage thread, where people were trying to put their own slant on clearly written T&Cs.and hence people get told a load of nonsense particularly before the change takes place.0 -
YorkshireBoy wrote: »What does that matter?
Just making the point that utility bills etc are not necessarily varying amounts to counter the previous post
In general people are just speculating about all aspects of it.0 -
I have just remembered that all our discussions about changes next May are academic anyway - the end of the world is scheduled for this Friday. How irresponsible of the Halifax to make us believe there will be bank accounts after the apocalypse.
http://www.bbc.co.uk/news/magazine-207649060
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