Halifax Cashback

Halifax launches 'Cashback Extras' rewarding customers current account purchases


By Gillian West, Social media manager

August 28, 2013 | 2 min read

Ahead of the new seven-day account switching rules coming into play on 16 September, Halifax has become the latest current account provider to launch a cashback programme for customers.

Offering payments of between five per cent and 15 per cent on purchases made via credit or debit cards, the bank has said customers could earn more than £100 a year through purchases at well-known retailers including Morrisons, Argos and Homebase.

The news follows BP, Cineworld and Tesco’s decision to join the new debit card loyalty scheme from Royal Bank of Scotland (RBS) and NatWest.

Available on all Halifax accounts with debit cards, the offer boosts the bank’s £100 incentive for new customers switching their current account from other banks.

Speaking to the Guardian, Kevin Mountford, head of banking at Moneysupermarket, said that the addition of cashback for new and existing Halifax customers “adds another string to Halifax's bow and it will no doubt be a welcome addition,” adding that he expects “other banks to follow suit with similar deals as 16 September approaches.”

Halifax director of current accounts, Anthony Warrington, commented: “Everybody's trying to make their money go further, which is why so many people already use voucher sites, discount codes and loyalty cards.

Adding that the new scheme would “make this process easier and more rewarding for Halifax customers” cutting out “the hassle of vouchers, codes, points or visiting different websites.”

To claim cashback, Halifax customers must log in to internet banking and activate the offers before they shop. Halifax will however limit the available offers only revealing deals that the bank has identified as relevant to the customer based on their normal spending habits.

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