Banking with Halifax could net you £120 a year

Halifax Reward current account customers, who are already eligible for £60 a year (£5 per month) 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.

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.

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”.