Best Cashback Cards Article Discussion Area

looneyleo

Just checked my egg card balance today and I've been credited with £186.80 cash back! :j :j :j

This is brilliant! I have cheated though. I run my own business and use the card to pay bills where-ever I can. Sometimes material bills can be over £3000.00 so I earn a cool £30.00 each time and it saves the business on bank charges...and helps a bit with cash flow...

Another lump towards the holiday pot..

I'll have to see what amex pay-up but haven't been able to use that very much with business use... £30.00 maybe. every little helps.

I would never had had this money without MSE so thanks for a great website

tryfen

So many cards... which should I get?
My situation...
I have £5000 @ 0% with Nationwide which is due in June
I have £4800 @ 0% with a B&Q card which is due in May.

I'd like to transfer both of them over to the same card on the longest possible 0%. I'm not worried about BT fees as any interest I save should wipe them out.

I already have an HSBC card from several years ago (nothing on it, limit of around £4000). I cancelled my Barclaycard a few months ago (never used it) so I can't apply to them for 6 months. We've a mortgage of £90K offset with £40K of savings.

I've a salary of £32K and my fiancée has around £17K.

So,
1) Will anyone offer me a limit of over £10K?
2) Will HSBC match their offer for new customers for existing customers?
3) Any tips for which card to get? I don't want to apply and get turned down loads of times.

Thanks for your help, lovely people.

Tryf

iamsam

tryfen wrote:

So many cards... which should I get?
My situation...
I have £5000 @ 0% with Nationwide which is due in June
I have £4800 @ 0% with a B&Q card which is due in May.

I'd like to transfer both of them over to the same card on the longest possible 0%. I'm not worried about BT fees as any interest I save should wipe them out.

It sounds like you're after a balance transfer card, not a cashback card.

I don't have any specific advice, but suggest you read the article on balance transfer cards; then, if necessary, repeat your query in the related thread.

n3phi1im

I have a question (that may have been covered elsewhere) and I am hoping someone who is good with numbers can help.

Is it more profitable for me to...

a) spend on a cashback card and pay it off each month, or

b) spend on a 0% purchase card and put the money I would have spent into a high interest account?

Over say a 6 month period with a credit limit of £2000, which works out best?

Thanks.

weeze_3

Hi - am a newbie here on the forum page although have been following the site for a while.

i haven't seen this posted anywhere else so i apologise if i have missed it elsewhere and has been already posted....

we have our wages paid into a halifax current account which gives us 1% cashback on spending. we have all our direct debits come off here and we move our "spending cash" into the Egg Money card, also 1% cashback on all spendings.

We get paid every 4 weeks so setting up a direct debit to move the cash monthly was a headache, so I manually move the money as a one off payment every payday. The loophole, if you can call it that is, to move cash as a one off payment from a bank account to the Egg Money Card requires a debit card payment, not a direct debit so we're earning 1% on the Halifax - Egg Card move, then another 1% on the same cash when we spend the Egg Card in the shops.

Hope this is a clear enough explaination...
Newbie Weeze

stphnstevey

Never thought of that!

As all additional payments (ie other than your standard Direct Debit) to Egg money are Debit Card Transactions

" FROM EGG WEBSITE:
Making additional payments

You can make additional payments into your Egg Money account using your debit card at any time"

Then you could use your Halifax Debit Card (1% cashback) to get another 1% when transfering money to Egg Money.

Please note, Apparently if you then transfer it from Egg Money to an Egg Savings account, that counts as a cashback transaction as well!!! :rotfl:

See http://www.stoozing.com/cgi-bin/forum/YaBB.pl?num=1159029441/180

raf300

Got a question about the Morgan Stanley card cashback intro offer of 3% for the first 3 months.

Does anyone know whether the cashback offer of 3% is capped at the first tier or is it for any amount spent in the first three months?

Eg. They say on their site the card usually works like this "The Cashback Bonus award is 1% of the first £2,000 of Purchases, and 0.5% of the remaining Purchases, made within your Credit Limit in a particular year"

oscarhugo

n3phi1im wrote: »

I have a question (that may have been covered elsewhere) and I am hoping someone who is good with numbers can help.

Is it more profitable for me to...

a) spend on a cashback card and pay it off each month, or

b) spend on a 0% purchase card and put the money I would have spent into a high interest account?

Over say a 6 month period with a credit limit of £2000, which works out best?

Thanks.

Can't see that anybody else has replied to you, so....

Why don'tcha try --

Spending on a cashback card AND then paying off the full amount each month by B/Transferring that amount into a 0% No-Fee [if you can find one..] B/T card. Only make sure it's a card that you can do B/Ts during the whole of the 0% period.

thumshie

raf300 wrote: »

Got a question about the Morgan Stanley card cashback intro offer of 3% for the first 3 months.

Does anyone know whether the cashback offer of 3% is capped at the first tier or is it for any amount spent in the first three months.
Eg. They say on their site the card usually works like this "The Cashback Bonus award is 1% of the first £2,000 of Purchases, and 0.5% of the remaining Purchases, made within your Credit Limit in a particular year"

From
https://www.morganstanleycard.co.uk/uk/data/card/platinum/plat.html
it's upto 3%. if you read the * they pay tripple. So it'll go 3% upto 2,000 then 1.5% on everything else in first 3 months...

raf300

Thanks I get it now, trible pay for the first three months.