Halifax has announced a new scheme that will allow its customers to earn up to 15% cashback when using a Halifax debit or credit card at a number of leading high-street stores.
The Cashback Extras programme is open to both new and existing Halifax customers – all they'll have to do it sign up through Halifax's online banking and they can then start earning between 5% and 15% cashback.
Participating retailers include: Morrisons, Hertz, Ocado, Glasses Direct, Argos, Urban Outfitters, Homebase, Oasis, O2, Domino's Pizza, Pets at Home, Marriott, Play.com, Q-Park, New Look and The Body Shop.
Halifax has confirmed that cashback can be accumulated on any current account that comes with a debit card, as well as all Halifax credit cards.
The programme is available through existing Halifax online and mobile banking sites, meaning customers do not need to sign up to separate websites. All earned cashback is paid as a cash amount, rather than points, and there is no minimum amount on cashback paid.
Already, new customers opening a Halifax Reward Current Account, Ultimate Reward Current Account or Current Account before the end of the year can earn £100 if using the bank's switching service.
On top of this, Reward Current Account customers will earn £5 every month as long as a minimum of £750 is paid into the account each month.
However, customers must remember to stay in-credit when using Halifax’s current accounts - both planned and unplanned overdrafts will incur hefty daily fees.
For arranged overdrafts up to and including £1,999.99, a £1 daily fee will be charged; overdrafts between £2,000 and £2,999.99 will incur a £2 daily fee; and £3,000 and above will be charged a £3 daily fee. All unarranged overdrafts will be charged a £5 daily fee.
Commenting on Halifax's Reward Current Account, Sylvia Waycot, Editor at Moneyfacts.co.uk, said: "It's great to see an account that works for you rather than the other way round and if you run your account in credit then the cashback is an additional bonus.
"However, you should always choose a current account based on how you run your finances. Be honest with yourself and if you tend to be regularly overdrawn you would be better off in the long run opting for an account with the lowest overdraft charges."
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