Aqua cashback - when do you get paid?

ironlady2022

Hi

Just wondering with the 3% aqua cashback card, when do you get the cashback? Is it monthly off the statement or in one go?

Also I know it's maximum £100 cashback per year so I'm thinking if I spent the maximum of £3333 then switch back to my Halifax clarity for their cashback. As I'm sure I will spend this much within 6 months or so.

Gromitt

Once a year, on the anniversary of your account, rounded down to the nearest £5, credited to your account.

ironlady2022

Thanks Gromitt!

premierfella

Thanks for that answer Gromitt. You prompted me to read the cashback section of the agreement.

I hadn't bothered as 3% cashback max £100 seemed clear enough and of course I would be making sure that I earned as close to £100 as possible - I hadn't counted on the unnecessarily sneaky term rounding the annual cashback earned down to the nearest £5.

Completely unnecessary of course, so presumably designed to catch people like me out and reduce the "real" cashback percentage for ordinary users (i.e. those not just spending the minimum amount required to get maximum cashback).