AQUA c/c question

Kyresa

just realised I put my post on the wrong thread...! oops

Gromitt

izools wrote: »

They don't want people making too much cash back, obviously

Pay off the balance early and you can spend 10 times that amount in a month

Money_Man_Steve

Just applied, got an estimated £500 limit - timing should be just right for earning extra cashback once the initial 3-month 5% cashback period on my Capital One Aspire Mastercard expires at the end of July. :beer:

jo-bo

izools wrote: »

They don't want people making too much cash back, obviously

From what I've read here everyone who's applied for the cash back card gets either a £250 or £500 limit, no more. Not yet, anyway...

Cashback is capped at £100 so there is no need for a massive credit limit as a £333 spend per month is all that's needed

johnk

jo-bo wrote: »

Cashback is capped at £100 so there is no need for a massive credit limit as a £333 spend per month is all that's needed

Problem with low credit limit is that you can easily go over it and if that happens, the cashback is forfeited, based on my understanding of T/C. So you need to carefully plan your spending with another card standing by.

lisyloo

I read it as a question about making purchases, I don't see any mention of cash withdrawals.

Yes sure :-)
Just adding some additional info which may be useful to others reading.
Did I do something wrong in that?
Is it just me or is it getting a little less friendly round here?

lisyloo

From what I've read here everyone who's applied for the cash back card gets either a £250 or £500 limit, no more. Not yet, anyway...

I got offered £1600 which I think is the max?
I did check it had the 3% cashback and was the right card.

jo-bo

lisyloo wrote: »

Yes sure :-)
Just adding some additional info which may be useful to others reading.
Did I do something wrong in that?
Is it just me or is it getting a little less friendly round here?

No you didn't do anything wrong but you don't come across as friendly in some of your posts. Not trying to start an argument.

izools

lisyloo wrote: »

I got offered £1600 which I think is the max?
I did check it had the 3% cashback and was the right card.

Ahh good work, well done

mrmajika

Gromitt wrote: »

Pay off the balance early and you can spend 10 times that amount in a month

Often the limit remains even when early payments are made. That is, a £500 credit limit is the monthly statement limit, irrespective of 'early' payments.

AMEX and a few others definitely enforce this. Not sure about Aqua...