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

Fingerbobs

lisyloo wrote: »

Thanks for the warning.

In my case the cashback should come before the statement then my statement balance should be zero and minimum payment zero also.

In cases where the cashback comes after the statement then it's a different matter.

I will keep my eye on it it and I'm sure we'll have updates here when people start getting it.

Annoyingly, my statement (showing £100) has been issued before the cashback payment has gone in. I'm tempted to pay the statement balance manually and just wait for the cheque now. Mice and men etc.

blitzboy

Fingerbobs wrote: »

Annoyingly, my statement (showing £100) has been issued before the cashback payment has gone in. I'm tempted to pay the statement balance manually and just wait for the cheque now. Mice and men etc.

You will have to pay it now, as I understand it cashback added after the statement has been produced will not count as a payment.

So if you don't pay it I think you'll find yourself with interest, a non payment charge and a mark on your credit file for 6 years.

This is why I am just waiting for the cheque. Far easier in my opinion, it's not like I won't be eating for the extra days/weeks I have to wait so I might as well just wait. Also it meant I could continue to receive cashback elsewhere instead of spending the £100 on the aqua card without any reward.

Fingerbobs

blitzboy wrote: »

You will have to pay it now, as I understand it cashback added after the statement has been produced will not count as a payment.

So if you don't pay it I think you'll find yourself with interest, a non payment charge and a mark on your credit file for 6 years.

Yes, I am quite aware of that. The decision is between waiting for the Direct Debit to be claimed, or just pay manually now. I think it would probably only be necessary to pay the minimum £5, but the safe option is to clear the balance.

blitzboy wrote: »

Also it meant I could continue to receive cashback elsewhere instead of spending the £100 on the aqua card without any reward.

I didn't over-spend on Aqua. Just spent up to the £3333.34 mark last month, and manually paid the balance minus £100 (which turned out to be futile anyway).

lisyloo

Far easier in my opinion

That's not necessarily the case for everyone though.
I don't pass a bank or post box during my normal day so I would have to go out of my way.
Perhaps not very far for me and I'm able bodied but it would still be delayed until I got round to it.
Some people might have a more difficult time.

But hey I don't mind you getting a cheque (or the endless complaints we'll have on here :-)

DragonQ

Yeah cheques are a pain. There's a bank right near where I work but I have no account with them, so I'd have to go out of my way during working hours just to cash a cheque.

lisyloo

You can post a cheque if you have paying in slips, but I don't pass a post boc normally, so generally it's a delay for me.

DragonQ

That'd still involve going to a post office to send it via recorded delivery. No way I'm risking £100 getting lost in the post.

It's 2014, there's no excuse for them not returning the money via FPS/BACS to our nominated current accounts in cases where the balance can't simply be reduced before the final payment is made.

lisyloo

In the unlikely even your letter was lost then you'd stop the cheque and get another one issued.
That would be extra hassle but you wouldn't lose £100.

But I do agree with you that cheques are a pain for some of us.

blitzboy

Fingerbobs wrote: »

Yes, I am quite aware of that. The decision is between waiting for the Direct Debit to be claimed, or just pay manually now. I think it would probably only be necessary to pay the minimum £5, but the safe option is to clear the balance.

Alright! Sorry for trying to help! Your first post said nothing about choosing between direct debit or paying now, it implied that you were deciding whether to pay or hope the cashback turns up before the payment date. "I'm tempted to pay the statement balance manually and just wait for the cheque now."

Fingerbobs wrote: »

I didn't over-spend on Aqua. Just spent up to the £3333.34 mark last month, and manually paid the balance minus £100 (which turned out to be futile anyway).

I didn't say you did. I said "I", not "you". I had already earned the full cashback so i would have been wasting the potential cashback on the £100 spend.

lisyloo

I could be wrong, but in 2 months time I think you'll be wishing you "wasted" that cashback.

I prefer not to waste my time waiting for the cheque, calling them up when it doesn't arrive, travelling to the bank, fighting the queues, waiting for it to clear etc.

Everyday that goes by with no cashback I feel a little bit more right about how long this is actually going to take.