Halifax rewards customers with up to £120 a year
Halifax Reward current account customers, already eligible for £60 a year in cash rewards when they fund their account with £1,000 each calendar month, can now earn up to £120 a year in rewards by applying for the new Halifax Clarity credit card, launched in July.
Halifax Clarity credit card, the new no fees credit card which doesn't charge any fees for using the card abroad, offers existing qualifying current account customers the chance to earn a £5 monthly reward by spending at least £300 a month on their credit card.
Halifax Reward current account already offers customers a £5 monthly reward for depositing £1,000 a month into the account, which if translated into a credit interest rate would be the most generous long term rate from a current account for those with an average balance of up to £1,500.
£120 annual rewards for Halifax Reward and Clarity card customers
The Clarity credit card offers an additional reward for qualifying Halifax current account holders. They will receive a £5 cash back offer when they spend over £300 in any one month. This additional reward means that existing Halifax Reward current account customers who pay £1,000 a month into their current account could now earn up to £120 a year; with a £5 monthly reward on their current account and £5 with the Clarity card.
When comparing the Clarity cash back reward it comes out as a higher level of return compared with typical cash back products in the marketplace. For example, a typical 0.5% cash back offer would see a customer who spent £300 a month earn just £1.50 a month, and those spending £500 earn £2.50.
Ian Hallett, Halifax Director Personal Current Accounts says: "Customers looking for a bank account with long term rewards need look no further. With the Halifax Reward current account they can earn up to £60 each year. What's more if they take up the offer on the Clarity credit card they can double those rewards to £120. Both products individually offer brilliant value, but taken together they represent a truly fantastic package for our customers".