Aqua Reward Credit Card - 3% cashback up to £100/year

Gromitt

neilsedaka wrote: »

Thanks for the suggestions. I think the most simple answer is for us to buy Tesco gift cards which we can use for our normal Tesco shopping over the following year. As this Aqua card has a limit of only £400 please remind me of the procedure to preload the card for use on 20th/21st January.

Your going to spend more than £400 on a single gift card?

neilsedaka

Gromitt wrote: »

Your going to spend more than £400 on a single gift card?

Up to £3333.34 on multiple Tesco gift cards maybe. Divide that by 56 weeks grocery shopping at c£60 per week and I will have used them up within a year, and receive £100 cashback from Aqua?

Gromitt

neilsedaka wrote: »

Up to £3333.34 on multiple Tesco gift cards maybe. Divide that by 56 weeks grocery shopping at c£60 per week and I will have used them up within a year, and receive £100 cashback from Aqua?

So no need to pre-load. Spend upto your limit on Tesco gift cards, then pay off the balance using faster payments, wait a few hours for your "Available to spend" to increase back to £400, then buy more.

Of course, buying so many £100 vouchers is likely to get your account suspended for investigations as its not usual to do such a thing.

neilsedaka

I'm coming to the conclusion that it's not worth the risk/bother to attain an extra 3% interest on £3K. Extra that is to the 3% I am already receiving from Lloyds/Santander.

darren72

neilsedaka wrote: »

I'm coming to the conclusion that it's not worth the risk/bother to attain an extra 3% interest on £3K. Extra that is to the 3% I am already receiving from Lloyds/Santander.

Maybe not for the full amount, but no harm in getting a few hundred to cover a few weeks worth of shopping ?

neilsedaka

darren72 wrote: »

Maybe not for the full amount, but no harm in getting a few hundred to cover a few weeks worth of shopping ?

I reckon that's a sensible compromise. Thanks darren72.

Jennifer_Jane

I tried to get payment for guttering, soffits, etc on my Aqua card and it was impossible even with a supplier who was generous enough to try and help with things.

Aqua told me that you cannot pre-load, even if my supplier was prepared to put the transaction through when I requested.

Also, I only have a £500 credit limit and so have paid in a few ad hoc amounts over the last couple of months. It always takes at least two or three days for the payments to go through, even with faster payments on the bank account side.

If, however, anyone has any other great ideas, I'd be grateful. I am paying off my gas/electricity bill, but otherwise not a lot I can manage to get through the account. Am unwilling to do Tesco vouchers etc since I have the Luma account paying 4% on supermarket and petrol amounts, and just don't buy sufficient groceries etc monthly.

darren72

There is also the option of buying a prepaid Amex card - as someone mentioned earlier in this thread.

Hominu

Buy an ASDA christmas savings card.

It'll cost you £139.68 and give you a £150 savings card. That's 7.389%.

(£4.32 cash back from Aqua, £6 from ASDA)

However, as with most savings cards, note that balances are not covered by the Financial Services Compensation Scheme and that you'll receive 0% interest on balances.

Jennifer_Jane

Hominu wrote: »

Buy an ASDA christmas savings card.

It'll cost you £139.68 and give you a £150 savings card. That's 7.389%.

(£4.32 cash back from Aqua, £6 from ASDA)

However, as with most savings cards, note that balances are not covered by the Financial Services Compensation Scheme and that you'll receive 0% interest on balances.

Great idea, thanks.