imutual.co.uk

Sarah wrote: ↑

Wed Sep 23 2020 9:05pm

TSB paying £5 cashback for 30 transactions works out at 16.7p each, significantly better than 5p each from the Co-op, so long as you reach the target!

The Co-operative Bank are cutting their rewards again from 1 July 2021. The monthly benefit for qualifying is going down from £2.00 to £1.00 and the debit card cashback slashed from 5p to 2p per transaction. This makes the reduced maximum pay-out an unusual number £2.20 and presumably not many customers still likely to be incentivised by such a small amount!

https://www.co-operativebank.co.uk/asse ... cument.pdf

neither of TSB and Co-op are worth bothering with Sarah..
Amex Cashback remains the clear & simplest option, with the credit, with the credit file 'borrow&repay' maintenance, with the protection (which i've found useful recently with ebay non-delivery).
my debit cards are only used for the occasional withdrawal of cash, and the more often paying cash in.

I quite enjoy earning 16.7p per transaction from TSB as those are easy to do and add up nicely. I use my Co-operative Bank card for a few small transactions after that but don't bother with 60 x 5p now, so definitely won't be doing 60 x 2p from July onwards!

Most of my CoOp ones are automated, so I'll be letting it roll over, but as soon as it becomes any bother at all, the whole account will be gone.

TSB - and multiple accounts of - will keep me going in the medium term.

Barclays are changing their Blue Rewards scheme from 3 August 2021, although apart from adding an online banking eligibility criteria and removing cashback(s), the fee and primary rewards appear to be remaining the same as now.