cashback at the till

n3phi1im

This may seem a dumb question but how is cashback at the till treated by the credit card companies? If I spend £50 on food and get £50 cashback, is that treated as a £100 purchase or is it a £50 puchase and a £50 withdrawl?

I am trying to max out my Amazon card asap. The more I can spend on the card, the quicker my cash builds up in my Hi-Interest savings account - plus there is those £15 Amazon vouchers. If the cashback counts as part of the purchase it should qualify for the 6 month 0% on purchases period which will enable me to max out the card much more quickly.

Bossyboots

You can't get cashback at the till on credit cards, only debit cards.

n3phi1im

See, told you it was a dumb question :embarasse

davey4444

My local pub offers cashback if you pay with any type of card. They ask for a minimum spend of £10 and will always give back cash if wanted.

hollydays

Could you also use your card to buy gift vouchers?And spend them at a later date?

n3phi1im

gavin_fran wrote:

My local pub offers cashback if you pay with any type of card. They ask for a minimum spend of £10 and will always give back cash if wanted.

I suppose this is an unofficial cashback thing but if it goes through as a purchase...

Bossyboots

n3phi1im wrote:

See, told you it was a dumb question :embarasse

No, it wasn't a dumb question and I would have expanded and mentioned the pub angle myself if I hadn't been posting at work.

simongregson

I think it is because merchants are charged a flat fee for processing debit card payment, whatever the value. So giving you cash back makes no difference to the store's costs, in fact you are saving them money as they will have less cash to bank/steal from tills etc.

Credit cards are charged to the store as a % of the transaction, so giving you cashback would cost the store money.

I guess the pub owner has figured out that whatever cashback he gives you you are likely to spend in the pub anyhow, recouping the cost :-)

Simon.