Top Cashback Cards Discussion Area

ylesia

Hi Muay

Have you tried phoning again? I just got an Amex card with a credit limit of £8,000. They phoned me to ask me how much I would be spending so they could set an appropriate limit. I would phone again and say that now you have started using your card you really need a higher limit, as long as you are paying it back every month then I can't see what their problem is.

voodoomox

stphnstevey wrote: »

How come no one has mentioned the Shell Credit Card

3% Cash Back on Shell fuel purchases in Great Britain
1% Cash Back when you use your card anywhere else

Seems to beat all Martin's Best Buys!!!!

But you can only use the cashback at Shell.......

stphnstevey

voodoomox wrote: »

But you can only use the cashback at Shell.......

Yeah, not much good if you don't have a car I admit, but most people do (the minority will instantly post to say they don't!).

Then if you have a car, it gives you the best petrol prices (3% off) and also 1% for spending elsewhere (like most other cashback cards).

You have to buy more petrol to receive the cashback, but you would buy petrol anyway and normal cash cashback you might well spend on petrol if you have a car.

I personally find it's better in the long term than the short term deals (ie AMEX 5%) and more than any other long term deals (ie 1% cashback other long term deals).

Personally I can't sing it's praises more (and I don't work for them!). But just letting you know what works for me. Everyone's different!

ylesia

NickyDee wrote: »

I'm afraid that this is only a clever sales tactic:

• They telephone you to tell you what the credit limit is (it has already been pre-determined)
• They then ask you what limit you want, 'gambling' that what has been pre-determined will be enough
• In fact they don't actually ask you what limit you want, they ask how much you are likely to spend each month as this will always be lower than an expected credit limit (in that respect it obviously not that much of a 'gamble')
• They will also tell you about other convenient features, such as being able to withdraw cash via an ATM so that you think "hmm, that's good, I might use that" actually playing on the naivity that it will obviously cost a fortune in the process
• That on top of the fact that they are only telephoning you to sell other products, such as insurance

Not all will be tried at once, just to add to the mix!

Not my experience but I agree that the above are common tactics. He asked me what my spending would likely to be and then suggested a limit of £6k, I mentioned that I might be using it to book a holiday and he changed it to £8k. Maybe he had a range to play with.

Never tried to flog me anything apart from giving me excellent advice on making sure I check all their offers before buying anything online - great advice as it saved me 10% of my car rental (before the 5% cashback.)

Certainly never suggested that I withdraw cash with it - I would have told them were to stuff their card on principle!!!

aristote33

Tesco Clubcard Credit Card gives 1 point for every £4 spent with it, anywhere anytime.

The Clubcard vouchers obtained as a result can be cashed in at Tesco, with 1 point = 1 penny (actual return being 0.25%).

Beyond, the Clubcard vouchers can be converted as Clubcard deals with points being multiplied by 4 for most offers, giving a total return of 1%, whatever amount is spent with the credit card, by contrast with the thresholds of the AmEx Platinum Cashback card.

Better for small incomes and budget (since one gets 1.5% with AmEx when spending over £10.001/year with their AmEx Platinum Cashback card).

lisyloo

It isn't mentioned in any of American Express' Card Terms and Conditions.

But does it say your credit money is insured?
In general creit card companies do not insure money in credit (Egg money is different as it's inteneded for that purpose).
If you pre-load and YOUR money is stolen by fraud, then you might not get it back.
Credit card companies insure THIER money (debit) but not YOUR (credit) money.

I can say the situation for every single company, hence it's a warning.
Nationwide do NOT insure credit balances.
Egg money DO insure credit balances (but it's a hybrid card intended to be in credit most credit cards are NOT intended to be used that way).

aristote33

Has anybody experienced pre-loading a Tesco Credit Card with funds to exceed their credit limit (say putting £700 on the credit card when the credit limit is £500 so that one can buy a more expensive item than the set credit limit)?

Does it incur any charges?

Have checked the T&Cs but cannot find any details on that matter.

lisyloo

Probably best to give them a call.
Even if someone has done it, they could have changed their Ts&Cs.

VoucherMan

aristote33 wrote: »

Tesco Clubcard Credit Card gives 1 point for every £4 spent with it, anywhere anytime.

The Clubcard vouchers obtained as a result can be cashed in at Tesco, with 1 point = 1 penny (actual return being 0.25%).

The problem with Tesco's card is you have to use vouchers in store or with their deals.

Other cashback cards, like the Halifax one I've just got pay 1% cashback which can be used in most places.

JonG_3

voodoomox wrote: »

But you can only use the cashback at Shell.......

mmm ... I have a Shell VPower Card and a Shell Citi Mastercard. Each month my Citi credit card statement is credited with the last months cashback total, hence reducing the total. So I don't have to spend it at Shell ?

I use the card all the time for non fuel purchases for the 1% cashback.

Works very well for me