Is cashback from the supermarket classed as a purchase?

jonnyv76

Hi,

I'm thinking about getting a Tesco 0% on purchases card for 12 months.

If I buy something for 20p from the supermarket and get cashback to it all classed as a purchase or just the 20p? I know if I stick the card in an ATM then I'll get charged interest.

The reason for doing this, is that where I want to use the card for purchases may add a charge of between 1.5 and 3%, whereas they won't for cash.

Cheers

sillystudent_2

I'm pretty sure the whole thing is classed as a 'purchase' - so if you spent 20p on a sweet and got £30 cashback, it would go through as a £30.20 cashback from whatever shop it was (Tesco, Asda etc.)

However I'm 90% sure that you can't get cashback on a credit card. Don't quote me on this, I've never tried it and don't know it for certain, but that's what everyone's told me - and it makes sense, otherwise you'd just be able to circumvent the cash advance charges taking hard currency on a card attracts.

lisyloo

Yes, right you cannot get cashback on a credit card, only a debit card.

izools

jonnyv76 wrote: »

Hi,

I'm thinking about getting a Tesco 0% on purchases card for 12 months.

If I buy something for 20p from the supermarket and get cashback to it all classed as a purchase or just the 20p? I know if I stick the card in an ATM then I'll get charged interest.

The reason for doing this, is that where I want to use the card for purchases may add a charge of between 1.5 and 3%, whereas they won't for cash.

Cheers

You cannot obtain cashback when using a credit card.

You can only obtain cash on a credit card from an ATM which will result in a high charge and APR.

If you need cash or a money transfer from a Credit Card, consider using an MBNA / Virgin card as they offer interest free money transfers to your current account.

I also know a couple of pubs around my parts who will round up your bill to whatever you ask them to and hand over cash whatever type of card you pay with - but that's obviously something you'll have to test the water with yourself.

NickX

izools wrote: »

I also know a couple of pubs around my parts who will round up your bill to whatever you ask them to and hand over cash whatever type of card you pay with

Likewise, I know a pub that regularly lets me have £50 cashback on my Credit Card. Nice 0% stoozing card, the beer tastes even better knowing the Card Provider is paying me to drink :beer:

JohalaReewi

NickX wrote: »

Likewise, I know a pub that regularly lets me have £50 cashback on my Credit Card.

Do they charge you a credit card fee to cover their transaction costs?

CannyJock

JohalaReewi wrote: »

Do they charge you a credit card fee to cover their transaction costs?

I suspect in Nick's case it's not so much "permanent cashback" as a temporary funding allowance soon to be exchanged for amber nectar and salted potato products.

NickX

JohalaReewi wrote: »

Do they charge you a credit card fee to cover their transaction costs?

No fee whatsoever

However, I am aware its a complete breach of the Card Providers rules, which I suspect the landlord is prepared to take on the basis that most of the cashback paid will end up back in his till in exchange for alcoholic beverages - not in my case though, the next round goes on plastic again and the cashback stays firmly in my pocket ready to top up the stoozepot