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Best Cashback Cards Article Discussion Area

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Comments

  • marsha8
    marsha8 Posts: 57 Forumite
    I have also this week received a letter from Morgan Stanley informing me that as from June 1st they will be charging me £20 to use their card.I took this card at Martin's suggestion as I am a very low user of credit cards(I'm a pensioner) & have only accrued £10.59 cashback bonus & if I am to believe previous comments then I will receive none of the cashback owing to me as I have not accrued £15 since I joined last May.What a let down & disappointment.Where do I go from here I wonder?
  • marsha8
    marsha8 Posts: 57 Forumite
    I forgot to mention in my previous comment that it is advisable to write to the company concerned when cancelling a credit card & ask them to send confimation in writing otherwise you may stay on their books for quite a while even though you are no longer officially with them!
  • Llyllyll
    Llyllyll Posts: 870 Forumite
    nlamont wrote: »
    Can someone tell me when the 3% introductory offer came in? I took out an Amex Platinum credit card for the sake of the cashback, following Martin's recommendation. I can't remember what exactly the prospects were at teh time but it seemed worth doing. Now, on the anniversary of the card, I get £38 from spending over £5000, which doesn't seem very much. I can't imagine I'd have bothered taking it out for that, but obviously I haven't had 3% for any of that.

    So either (a) they've made a mistake or (b) this came in after I'd signed up. I do seem to remember something in Martin's newsletter about a change in Amex. Does anyone know?

    Can't remember when the offer came in but the rates are as follows:

    0 - £3,500 (0.5%), £3,501 - £10,000 (1%), £10,001+ (1.5%)

    and the intoductory offer was 3% for the first 3 months.
  • olive84
    olive84 Posts: 138 Forumite
    Hi guys, I don't know if this is the right place to post, but any advise would be much appreciated! I've just paid off my £1700 student overdraft :T and am now debt free (apart from student loan which comes directly out of my wages every month). I've always been warned off credit cards, but this cashback thing sounds like a better way to spend during the month.

    My question is, is there any way of checking throughout the month the balance on the credit card so you know how much you've spent? :confused: At the mo I religiously check my bank balance every day (a bit obsessive I know but it helps me keep track of things so I don't go overdrawn). I wouldn't want a shock at the end of the month and have spent more than I had and go overdrawn.

    Thanks guys
    Quit smoking 12th July 07 :j
  • trisontana
    trisontana Posts: 9,472 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    With both the Morgan Stanley card and the Yorkshire Building Society card you can check you balance on-line and see the transactions in more or less "real time".
    What part of "A whop bop-a-lu a whop bam boo" don't you understand?
  • OverlandLandy
    OverlandLandy Posts: 476 Forumite
    olive84 wrote: »
    Hi guys, I don't know if this is the right place to post, but any advise would be much appreciated! I've just paid off my £1700 student overdraft :T and am now debt free (apart from student loan which comes directly out of my wages every month). I've always been warned off credit cards, but this cashback thing sounds like a better way to spend during the month.

    My question is, is there any way of checking throughout the month the balance on the credit card so you know how much you've spent? :confused: At the mo I religiously check my bank balance every day (a bit obsessive I know but it helps me keep track of things so I don't go overdrawn). I wouldn't want a shock at the end of the month and have spent more than I had and go overdrawn.

    Thanks guys


    You can check online with Amex and Egg.

    Egg also text you every week to tell you what you have spent so far in the month.

    Hope this helps
    I am NOT a Woman! - its Overland Landy (as in A Landrover that travels Overland):rolleyes:

    Better to be approximately right than precisely wrong.
  • thegoodman
    thegoodman Posts: 1,235 Forumite
    Part of the Furniture Combo Breaker
    What about Citi Platinum MasterCard with Travel Rewards. If you spend £5000+ a year you can get up to 1% back which can be used against any travel payment (based on £15000 spend over three years and used against single travel purchase of £150 or over). Most people will take holiday or some kind of travelling within three year period.
    The card also includes: Citi Identity Theft Solutions, Safer Online Shopping, Active fraud protection, Price match guarantee, additional 12 months extended warranty, Free purchase protection.
    As far as I can see this card is one of the best value for money without fee. Plus you will get £40 against travel payment for taking the card.
  • rose.wyn
    rose.wyn Posts: 17 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    I'm just about to close my Morgan Stanley because of fee charged. Being a basic rate pensioner I want to make the most of any offers available. Have just enquired about the Egg Money - BUT they tell me it isn't 1pc on all purchases. It now depends on what merchants are registered with them and they don't have a list to advise us.So, example - if I buy groceries at Somerfields I may find only Sainsburys are in the scheme!!!!! This seems a rather hit-and-miss card now. What do others feel?
  • thegoodman
    thegoodman Posts: 1,235 Forumite
    Part of the Furniture Combo Breaker
    The card you will need is Egg Money. This card still pays cashback:
    You'll get 4% gross pa/AER variable on positive balances in your Egg Money account.

    1% cash back on all purchases.

    Up to 20% cash back with our selected online retailers.

    A typical rate of 7.9% APR variable, if you go into the red.

    We do not charge a fee for cash withdrawals.

    Optional free weekly text balance updates - helping you keep on top of your spending.

    Interest free period of up to 50 days on all purchases, if you pay outstanding
    balance off in full each month.

    http://new.egg.com/visitor/0,,3_79731--View_1654,00.html

    for more information
  • Cobertizo
    Cobertizo Posts: 61 Forumite
    rose.wyn wrote: »
    Have just enquired about the Egg Money - BUT they tell me it isn't 1pc on all purchases. It now depends on what merchants are registered with them and they don't have a list to advise us.So, example - if I buy groceries at Somerfields I may find only Sainsburys are in the scheme!!!!! This seems a rather hit-and-miss card now. What do others feel?
    My understanding is that Egg Money does pay 1% on all purchases, as per their site here: http://new.egg.com/visitor/0,,3_79731--View_1654,00.html Ah. It appears someone else has already made this point!

    You may of course get more cashback than that if you follow the links on their website to their instant cashback partners though.

    Who are the "they" that told you otherwise? It sounds like a worrying contradiction...
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