credit card cashback

felix65

with credit cards is if you spend say £1000 on betting and put £999 back do u get the cashback or the points that companies offer

canny_yorkshireman_2

check the cards t&c but most cards do not give any rewards for cash transactions only purchases of goods. Just got £15 quid back from sainsburys card for 12 months use and spend of over 4k not that good a reward is it!!

King_Of_Fools

All the cashback cards I have used state in their T&C that they will remove cashback points for any refunds you get on your card. So you would only get 1p cashback.

JohalaReewi

If you spend £1000 on betting you would normally get the cashback/points (check card T&Cs for specific cards). When you put £999 back, if this is done as a credit card refund, it will generate negative cashback and cancel out part of the accumulated cashback. However, if you pay £999 off the account (as cash/cheque etc.), it would not generate negative cashback so you would keep the cashback on the £1000. So the trick is get your money onto the card as an account payment, not a credit card refund or, have credit card refunds sent to a different card.

JohalaReewi

canny_yorkshireman wrote:

Just got £15 quid back from sainsburys card for 12 months use and spend of over 4k not that good a reward is it!!

You would have got double that with an Amex blue card. £4k gives £30 moneyback as standard. More if you made use of the introductory 2% rate.

Plus, If you sign up for an Amex blue via Greasy Palm, you get a £15 reward from them too!!

Chadsman

Some bookies will allow you to pay winnings directly into your bank account.

Caped_Avenger

canny_yorkshireman wrote:

Just got £15 quid back from sainsburys card for 12 months use and spend of over 4k not that good a reward is it!!

Better than a poke in the eye!