Credit Card through TopCashBack. Free money?

Just been looking at Topcashback and I've seen I can get cash back on successful credit card applications. For example, if I click through the TopCashBack site to get a Post Office credit card I will get up to £30.30 cashback for a successful application.

Is there anything to stop me applying for the card, activating it, cuttting it up, waiting for the cashback to be paid and then closing the account?

Surely there must be a catch somewhere other than not being accepted?

Replies

  • zerogzerog Forumite
    2.5K Posts
    hugo15 wrote: »
    Just been looking at Topcashback and I've seen I can get cash back on successful credit card applications. For example, if I click through the TopCashBack site to get a Post Office credit card I will get up to £30.30 cashback for a successful application.

    Is there anything to stop me applying for the card, activating it, cuttting it up, waiting for the cashback to be paid and then closing the account?

    Surely there must be a catch somewhere other than not being accepted?

    You might be waiting for 6 months for the cashback to be paid (if ever).

    Why not just use the card for your normal expenses?
  • essexmateessexmate Forumite
    45 Posts
    Part of the Furniture 10 Posts Combo Breaker
    Forumite
    I did this when Post Office were offering £50 cashback for successful application. The card arrived and stayed in it's envelope. The cashback was payed after a couple of months to quidco. I then cut up the card and sent them a letter to cancel the card.
  • hugo15hugo15 Forumite
    116 Posts
    Part of the Furniture 10 Posts Combo Breaker
    Forumite
    I got an Argos card in the end with £25 cash back. Got accepted and the cash bank has been confirmed. Just waiting for it to be paid and then I'll cancel. I will then get the cash back paid in Tesco vouchers, which will pay for a nice day or two out for the family in the summer.
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