£165/year from IMPROVED 'Classic Plus' Account @ TSB - Best Reward Account on the High Street
362°Expired

£165/year from IMPROVED 'Classic Plus' Account @ TSB - Best Reward Account on the High Street

67
Found 28th Feb 2017
Available on NEW Classic Plus accounts opened from today 1st March 2017 -

3% Interest per year on the first £1500 (£3.75 per month)

£5 per month for just using your Debit Card at least 20 times per month

£5 per month for having 2 Direct Debits on the Account

= £13.75 per month for just using your account! (x 12 = £165)

Only Criteria -

Pay £500 per calendar month through it & be registered for Internet Banking and paperless statements and correspondence

You cannot already have one, nor had one previously (even if closed and reopened).

For new or current customers opening their 1st Classic Plus account
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Top comments
Current customers are not important anymore.. Cold
67 Comments
Not bad but this isn't the best rewards account
alu355

Not bad but this isn't the best rewards account


And that would be.........?
"Available on NEW Classic Plus accounts opened from today 1st March 2017 -"

My time zone is still 28th February 2017 !!
Original Poster
darkovo

"Available on NEW Classic Plus accounts opened from today 1st March 2017 … "Available on NEW Classic Plus accounts opened from today 1st March 2017 -"My time zone is still 28th February 2017 !!



Lol sorry bit early
Can you convert an existing classic account to the new one?

Is there a way of using the Card 20 times with a minimum spend over the internet?
Edited by: "Sharpharp" 28th Feb 2017
Current customers are not important anymore.. Cold
debit card 20 times a month is a little much, even for the misses
Been with TSB forever, so I'm not eligible. This kind of thing really gets my goat...I'd leave for pastures new if their was a decent bank with a branch within five miles of my home!
Have to have a look at this . Just noticed my 5% (on the first £100 each month) on swipe payments finished on 31 Dec last year . Still got 2 accounts paying (reduced from 5%) 3% on a (reduced from £2000) balance of £1500 . Was getting (2 accounts ) 5% on £4000 - now getting 3% on £3000 .. Still better than a kick in the teeth these days , don't think this deal will help me - but voted hot for those it may help .
LiGhTfasT

debit card 20 times a month is a little much, even for the misses


I hear your pain X) but quite easy really . Just go round the Supermarket 3or 4 times on each visit (just costs a bit of shoe leather ) do the weekly shop in 4 smaller chunks using your card each time - Just a bit of Lateral thinking required
dinosteveus

And that would be.........?



Depends what you are looking for but HSBC Premier and Barclays Premier are good as is RBS Black
Original Poster
Sharpharp

Can you convert an existing classic account to the new one?Is there a way … Can you convert an existing classic account to the new one?Is there a way of using the Card 20 times with a minimum spend over the internet?



U can. As long as not had the 'Plus' element before. 20 transactions include shops, internet, Apple Pay etc
Original Poster
LiGhTfasT

debit card 20 times a month is a little much, even for the misses



5 times a week? You'd be surprised - they add up
Curlyman83

Been with TSB forever, so I'm not eligible. This kind of thing really … Been with TSB forever, so I'm not eligible. This kind of thing really gets my goat...I'd leave for pastures new if their was a decent bank with a branch within five miles of my home!


Loyalty means nothing these days - its just the race for new customers . Had the same thing with Car Insurance with Hastings . Renewal notice £220 - so I checked the compare sites - could get it for £160 (same cover ,same excess etc) guess who with -Hastings oO . Rang them up told them where they could stuff their renewal and why . They told me they would match that quote . I then gave them a lecture on loyalty to existing customers and requested that my comments (the polite ones) be forwarded to senior management . Ended up paying £7 more from AA insurance . Its not about the money its about the way they think their customers are idiots ! How many customers , especially the elderly and those without internet access , just blindly pay the renewal ? Hope I've done my small part in making them think twice about it and if we all did the same they might rethink .

Sorry rant over oO There is no such thing as loyalty to long term customers these days - get used to it oO
rogparki

I hear your pain X) but quite easy really . Just go round the Supermarket … I hear your pain X) but quite easy really . Just go round the Supermarket 3or 4 times on each visit (just costs a bit of shoe leather ) do the weekly shop in 4 smaller chunks using your card each time - Just a bit of Lateral thinking required


alot of arsing about for £5 a month though.
Original Poster
stesavingexpert

alot of arsing about for £5 a month though.



20 sounds a lot but isn't. You'd be surprised. Count down ure bank statement for card transactions and they soon mount up
rogparki

Loyalty means nothing these days - its just the race for new customers . … Loyalty means nothing these days - its just the race for new customers . Had the same thing with Car Insurance with Hastings . Renewal notice £220 - so I checked the compare sites - could get it for £160 (same cover ,same excess etc) guess who with -Hastings oO . Rang them up told them where they could stuff their renewal and why . They told me they would match that quote . I then gave them a lecture on loyalty to existing customers and requested that my comments (the polite ones) be forwarded to senior management . Ended up paying £7 more from AA insurance . Its not about the money its about the way they think their customers are idiots ! How many customers , especially the elderly and those without internet access , just blindly pay the renewal ? Hope I've done my small part in making them think twice about it and if we all did the same they might rethink . Sorry rant over oO There is no such thing as loyalty to long term customers these days - get used to it oO



Cutting off your nose to spite your face? Everyone knows for a fact that renewal prices for insurance tends to be higher. The companies do so to take advantage of folks who don't bother shopping around. I would've just asked them to match the cheaper price and left it at that.
stesavingexpert

alot of arsing about for £5 a month though.


Going round the till (especially the self service tills - I never use them) a few times isn't that much hassle - but I agree I couldn't be bothered for £5.
Folk always moan about offers not being available for existing customers. You must have taken advantage of these offers when you were a new customer?
HellRazer

Cutting off your nose to spite your face? Everyone knows for a fact that … Cutting off your nose to spite your face? Everyone knows for a fact that renewal prices for insurance tends to be higher. The companies do so to take advantage of folks who don't bother shopping around. I would've just asked them to match the cheaper price and left it at that.


They did - and I told them what they could do with their offer of matching the price I found on the comparison site . So you would give them an open goal ? Pay the inflated renewal or feel chuffed if you get them to match the going rate ? Sorry ! - You are OK with your mum or grandma , or someone else's mum or grandma paying 30% over the odds because of their practises ! Its not about cutting off my nose , if enough of us did it it would help our more vulnerable folk get a better deal . I'm happy with paying an extra £6 ish just to make me feel I've done my bit , by telling them where and why they can stuff my custom .
kpmatthews

Folk always moan about offers not being available for existing customers. … Folk always moan about offers not being available for existing customers. You must have taken advantage of these offers when you were a new customer?


Again I agree . Years ago I used to enjoy getting what I considered a "deal" . Frankly now I find it a pain to have to go through compare sites every year for car insurance ,home and contents insurance ,motorbike insurance , energy , broadband etc etc. But you have to do it otherwise you end up paying up to 30% more if you just accept the renewals . OK for me and you , but what about the hundreds of thousands (mainly elderly) who just pay up as they believe their provider is loyal to them ? Sorry it annoys me - not for myself ,but for the thousands who cannot shop around .
Does paying buy debit card online to shop count as a transaction? Or does it mean in stores etc?
MusaX

Does paying buy debit card online to shop count as a transaction? Or does … Does paying buy debit card online to shop count as a transaction? Or does it mean in stores etc?


As a current TSB customer I presume it does as on my statement all the transactions have a code by them . SO = standing order, DD = Direct Debit etc. The last 2 on line payments via debit card I made show as DEB as do my last 2 store Debit card payments .
rogparki

Again I agree . Years ago I used to enjoy getting what I considered a … Again I agree . Years ago I used to enjoy getting what I considered a "deal" . Frankly now I find it a pain to have to go through compare sites every year for car insurance ,home and contents insurance ,motorbike insurance , energy , broadband etc etc. But you have to do it otherwise you end up paying up to 30% more if you just accept the renewals . OK for me and you , but what about the hundreds of thousands (mainly elderly) who just pay up as they believe their provider is loyal to them ? Sorry it annoys me - not for myself ,but for the thousands who cannot shop around .




Well, it's the same with phone/broadband. I'd say phone/broadbands the worst for it by miles though.
My car insurance was 560 via new policy, 610auto renewal. And yes same company.

Would I rather they make money charging everyone more or by charging the select few too stupid/lazy to shop smarter?
I'd rather people to lazy to shop around get charged over myself when I've the need to.
I let my house and car insurance auto renew this year as I was too busy, wasn't worth my time et cetera.
Edited by: "rvcshart" 1st Mar 2017
alu355

Depends what you are looking for but HSBC Premier and Barclays Premier … Depends what you are looking for but HSBC Premier and Barclays Premier are good as is RBS Black


All those accounts you mention seem to require, at the very least, £50,000 in assets. Not really comparable.
Original Poster
MusaX

Does paying buy debit card online to shop count as a transaction? Or does … Does paying buy debit card online to shop count as a transaction? Or does it mean in stores etc?



Anything
shame existing customers can't upgrade to this offer , no loyalty at all and the thing is they wouldn't be where they was today without their existing customers (_;) heat added anyway
£5 per month for just using your Debit Card at least 20 times per month.

I have never do this. I use a credit card for cashback.

It would mean going to Tesco, buying 20 sweets and scan and pay each one separately for £5. Is it worth it?
Edited by: "Common.Sense" 1st Mar 2017
TERMS .....
4.2
For accounts opened after 1 March 2017, cashback is paid on debit card transactions and Direct Debits up to and including 30 June 2018, unless we tell you otherwise.

Cashback will only be payable for 14 months then by the time the account is properly setup
Common.Sense

£5 per month for just using your Debit Card at least 20 times per month.I … £5 per month for just using your Debit Card at least 20 times per month.I have never do this. I use a credit card for cashback.It would mean going to Tesco, buying 20 sweets and scan and pay each one separately for £5. Is it worth it?



Think of it another way , your favourite bar of chocolate costs say 25p and you can have up to 20 FREE but you have to scan them separately for the offer to work ..........
Now , tell me it isn't worth it !
Original Poster
Common.Sense

£5 per month for just using your Debit Card at least 20 times per month.I … £5 per month for just using your Debit Card at least 20 times per month.I have never do this. I use a credit card for cashback.It would mean going to Tesco, buying 20 sweets and scan and pay each one separately for £5. Is it worth it?



Most people aren't like u
I wondered why MSE were offering £125 cashback for opening a TSB account, but only up until 27th February...
rogparki

Loyalty means nothing these days - its just the race for new customers . … Loyalty means nothing these days - its just the race for new customers . Had the same thing with Car Insurance with Hastings . Renewal notice £220 - so I checked the compare sites - could get it for £160 (same cover ,same excess etc) guess who with -Hastings oO . Rang them up told them where they could stuff their renewal and why . They told me they would match that quote . I then gave them a lecture on loyalty to existing customers and requested that my comments (the polite ones) be forwarded to senior management . Ended up paying £7 more from AA insurance . Its not about the money its about the way they think their customers are idiots ! How many customers , especially the elderly and those without internet access , just blindly pay the renewal ? Hope I've done my small part in making them think twice about it and if we all did the same they might rethink . Sorry rant over oO There is no such thing as loyalty to long term customers these days - get used to it oO



Totally agree with your comments, we had the same last week with one of our insurances, they guy couldn't understand how we got a cheaper quote online with the same company, same cover etc for nearly £40 cheaper, he checked and his comments were 'Oh, you are correct, that isn't very good is it', he said he would point this out to his line manager, but nothing will happen, they don't care
F4STFORW4RD

I wondered why MSE were offering £125 cashback for opening a TSB account, … I wondered why MSE were offering £125 cashback for opening a TSB account, but only up until 27th February...


I just switched for that bonus (+ the fact Barclays service is horrendous), thought I'd missed out on £40 here.
But would rather the £125 at once than drip fed the £165 over a year tbh
I literally got a TSB account last week. Balls.
Revolex77

I literally got a TSB account last week. Balls.



Mine literally swapped yesterday's as well
I would not be surprised if the cashback deal resurfaces on this deal, the way it has been for most periods last year, making this deal not so good
Anyone know if you can you create joint account and still be eligible for the benefits?
danny777

Mine literally swapped yesterday's as well


Mine too. I wouldn't worry, there is no minimum time for staying as far as I can tell, so as soon as the £125 hits I'll be off to First Direct for another £100, whilst these suckers are paying for mars bars one by one for their monthly fivers
alu355

Depends what you are looking for but HSBC Premier and Barclays Premier … Depends what you are looking for but HSBC Premier and Barclays Premier are good as is RBS Black


£75000 pay in per year for Barclays and £100000 for HSBC
Edited by: "twinkle" 1st Mar 2017
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