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Would this work?
Awaiting
Posts: 14 Forumite
Hi
Just thinking out loud here...
If I had a Cashback/Rewards credit card and paid from it to my other bank account would I receive cashback/rewards?
Basically, can you just pay to yourself and earn rewards from it?
This seems too easy...:think::think::think:
Just thinking out loud here...
If I had a Cashback/Rewards credit card and paid from it to my other bank account would I receive cashback/rewards?
Basically, can you just pay to yourself and earn rewards from it?
This seems too easy...:think::think::think:
0
Comments
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You are forgetting the cash advance fee.I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.0
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The what fee?0
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Generally you would only receive cashback on retail transactions - ie purchases.
If you withdraw cash there is usually a handling fee (around 2.5%), and also most credit cards charge interest on cash from the day you withdraw it - so even if you pay in full when you receive your statement, you will still have to pay interest on the cash withdrawal.
Check the smallprint on your card, but I think what I've said will apply to most, if not all.0
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