New Luma 4% cashback card (supermarkets and petrol)

ice_babe

Yay finally got mt log in details emailed today for my card, Showing as a £1500 limit :j

ice_babe

Also just checked hubbys account and £2.40 cashback is showing from our £60.70 tesco shop on Tuesday :j

10_66

10_66 wrote: »

Hmm, still haven't had an acceptance email yet, so beginning to think my application wasn't successful.

Biggles wrote: »

Hang on in there. It took my acceptance much longer than that to come through.

Glad to say I've now had confirmation of acceptance. Haven't received email etc, but phone call confirmed PIN's in the post and card should follow in a couple of weeks'. Don't know why I've not received email as I did request online access (kept screen shots so am sure I did this).

10_66

On some of the posts in this thread (where people have been discussing where the 4% cashback would be paid), MCC is mentioned. What is MCC, please? I've checked my other credit card statements and there are no numbers listed, just dates and times.

anamenottaken

10_66 wrote: »

On some of the posts in this thread (where people have been discussing where the 4% cashback would be paid), MCC is mentioned. What is MCC, please? I've checked my other credit card statements and there are no numbers listed, just dates and times.

Merchant Category Codes - http://mcc-codes.findthedata.org/

Vortigern

10_66 wrote: »

What is MCC, please? I've checked my other credit card statements and there are no numbers listed, just dates and times.

If you click "Details" on a transaction on a Capital One online statement.you will see the MCC description.

nyc_451

I have been declined for this card - credit rating must be really bad then... Luma is part of capital one, if I understand right, and I had their card for 1.5 years and have been paying off in full every month...

Done with applying for any credit. Lets start saving for an iphone. :rotfl:

lisyloo

credit rating must be really bad then

Not necessarily.
Might simply mean you don't fit their target market.

Savings up for a luxury item is a fantastic idea.
There is always risk with debt of not being able to pay it off e.g. redundancy, sickness. For items that you don't strictly need it's much better to save.

Atidi

lisyloo wrote: »

...Savings up for a luxury item is a fantastic idea.
There is always risk with debt of not being able to pay it off e.g. redundancy, sickness. For items that you don't strictly need it's much better to save.

This is not a card for anyone who thinks there is even the slightest possibility of being unable to pay off the bill IN FULL at the end of the month due to the extremely high interest rate.

See the MSE guide for best 0% purchase credit cards if that is a possibility.

This card is strictly for those who are absolutely sure they can pay off their bill IN FULL every month, and would like to receive up to £100 cashback in return.
(If you end up paying interest on this card, it will soon more than wipe out any possible cashback)

Gromitt

It seems they've sorted out their little system problems as I received my card today, just in time to purchase some fuel tomorrow

Also received DD confirmation letter and see that DD is already setup.