ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329 
Likes: 11,549
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Post by ilmoro on Oct 11, 2019 13:04:48 GMT
I thank you ilmoro . I was pretty much assuming the 'cashback' tag would make it tax free but just wanted to make sure other people were similarly inclined. I note it is listed as other income on the tax statement, outside of the section AC defines as declarable so they would appear to concur (Legacy style statement)
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Post by mrclondon on Oct 31, 2019 16:32:33 GMT
My dashboard has started showing me a 'New Promotion' £150 cashback for investments of £5000 by 7th December.
However, the T&C's say only for new accounts opened since the 1st Sept 2019.
I guess since my account has been open since 2013 I wont qualify (!) ... seems strange that its being shown to me in the first place. chris ??
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sl75
Posts: 2,092
Likes: 1,245
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Post by sl75 on Oct 31, 2019 16:48:12 GMT
My dashboard has started showing me a 'New Promotion' £150 cashback for investments of £5000 by 7th December.
However, the T&C's say only for new accounts opened since the 1st Sept 2019.
I guess since my account has been open since 2013 I wont qualify (!) ... seems strange that its being shown to me in the first place. chris ?? Mine's got a "New promotions" section but it's just an empty space... so don't know why you've had special treatment...
Edit: "Earn £150 cashback" promotion seems to be linked on the AC "front page" for those who don't have it on their dashboard. T&Cs Apply
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ashtondav
Member of DD Central
Posts: 1,814
Likes: 1,092
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Post by ashtondav on Oct 31, 2019 16:49:44 GMT
I just don’t understand these offers. If AC needs lender money why is my £5k any less valued than a newbie.
If AC wants £5k they am I more likely to deposit it than a new lender. I would CERTAINLY stick another £5k on AC if I got £150. As I won’t, I won’t.
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cb25
Posts: 3,528
Likes: 2,668
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Post by cb25 on Oct 31, 2019 16:53:03 GMT
My dashboard has started showing me a 'New Promotion' £150 cashback for investments of £5000 by 7th December.
However, the T&C's say only for new accounts opened since the 1st Sept 2019.
I guess since my account has been open since 2013 I wont qualify (!) ... seems strange that its being shown to me in the first place. chris ?? I got that 'ad' as well after logging in earlier today. After determining it was for new customers only, I reported it via livechat. The livechat operative agreed it didn't seem right it was displayed to me and would flag it up.
Hasn't re-occurred on most recent login.
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Post by bracknellboy on Oct 31, 2019 16:54:34 GMT
My dashboard has started showing me a 'New Promotion' £150 cashback for investments of £5000 by 7th December.
However, the T&C's say only for new accounts opened since the 1st Sept 2019.
I guess since my account has been open since 2013 I wont qualify (!) ... seems strange that its being shown to me in the first place. chris ?? Something else which didn't actually happen on the 31st October then.....
The question: would you rather know that the promotion was going on but can't participate, or find out 2nd/3rd hand on the grapevine and then feel that AC were being underhand by hiding the existence of the offer from those that aren't eligible ? :-)
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mikeh
Member of DD Central
Posts: 499
Likes: 370
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Post by mikeh on Oct 31, 2019 17:05:24 GMT
It's obviously aimed at friends and family.
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trium
Member of DD Central
Posts: 384
Likes: 304
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Post by trium on Oct 31, 2019 17:49:11 GMT
I'm glad I don't qualify having only yesterday initiated an ISA transfer out so I'd have to replace those funds on top of the 5k. That would have peeved me.
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sl75
Posts: 2,092
Likes: 1,245
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Post by sl75 on Nov 1, 2019 7:51:28 GMT
It's obviously aimed at friends and family. Do you think Ltd companies that existing investors might happen to "know" would qualify?
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mikeh
Member of DD Central
Posts: 499
Likes: 370
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Post by mikeh on Nov 1, 2019 8:02:40 GMT
It's obviously aimed at friends and family. Do you think Ltd companies that existing investors might happen to "know" would qualify? Don't see why not. Worth a try.
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Post by jonrgrant on Nov 1, 2019 8:34:25 GMT
Time to wind down my lending with AC if this is how they treat loyal investors by promotion exclusion in preference of current non or new investors.
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r00lish67
Member of DD Central
Posts: 2,692
Likes: 4,048
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Post by r00lish67 on Nov 1, 2019 9:32:03 GMT
Time to wind down my lending with AC if this is how they treat loyal investors by promotion exclusion in preference of current non or new investors. Nearly all platforms offer new investor sign-up bonuses, I really don't see what the fuss is about. They're just not usually silly enough to wave it in the face of their existing investors. Btw, I would expect that this new promotion (as with the one that ended yesterday) would be combinable with the refer-a-friend promotion, so if any straggler is yet to sign up to Assetz, has £5k handy, and wants £225 cashback then I can be a good friend to you..
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lara
Posts: 345
Likes: 300
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Post by lara on Nov 1, 2019 13:00:21 GMT
Never a good look for an organisation that treats its loyal existing customers less well than new customers. A black mark against AC for deploying the usual short-sighted marketing gimmicks that we see from insurance companies, internet providers, etc, etc. Couldn't agree more!
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Post by Ton ⓉⓞⓃ on Nov 4, 2019 8:50:22 GMT
Never a good look for an organisation that treats its loyal existing customers less well than new customers. A black mark against AC for deploying the usual short-sighted marketing gimmicks that we see from insurance companies, internet providers, etc, etc. Couldn't agree more! I kinda 10% agree, but I'm suffering from Offer Fatigue I'm just ignoring them.... I wonder if others are too?
The other thing is that when I see Offer after Offer after offer; month after month as there has been on AC, it makes me slightly more nervous for the money I have in there. So I feel more comfortable seeing that AC are now targetting more precisely. All the other Offers we're had over the last year or so are probably about keeping us lending despite the concerns over Brexit.
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Post by jonrgrant on Nov 8, 2019 12:47:18 GMT
As an investor, it would have been appreciated and valued to have been given the choice to join a promotion or not. This would have given those who did not want to join the choice also.
For any platform to actively say they do not value current investors additional funds is a concern, does this approach by AC also apply to recoveries and lender value ie not a priority. With platform growth the only objective, like some other poor P2P platforms, that are now showing high defaults and poor investor returns, is this now the priority of AC also.
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