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Best Cashback Cards Article Discussion Area
Comments
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f1re_cr4cker wrote: »i'm not sure if its already been posted- maybe, but we find the Sky credit card FAB!!! you can get money knocked off your sky bill and it equates to much better cashback then anyother card. I realise this isnt exactly cashback but it is in a way I believe, although obviously only good if you already have sky- we also really like the way you can view your statement on your TV at any time.
Have you a link with the details of how it works?0 -
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Looks like it's approx equivalent to 1% so the equivalent of Cap one outside of 3 month period or Egg money.0
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fitzpatrick wrote: »just cancelled my morgan stanley card,since introduction of £20 annual fee and only getting 0.5 % cash back, would have to spend £4000 just to cover fee. also cash back can only be reclaimed in multipulls of £15.
Your not the only one !!:T
PS Although it might seem as if Goldfish bought Morgan Stanley it is the other way around. Morgan Stanley also bought the brand name and now call themselves Goldfish.0 -
I have just been declined despite, or perhaps because of, a spotless credit history. I meet all the declared criteria - no debts, no loans, no CCJs, have a household income well above the minimum, etc etc etc. I suspect my achilles heel is that I am finacially prudent; I always pay off in full every month on my existing (non cashback) card.
Has anyone else managed to appeal this successfully with Cap One? Is it worth the bother of appealing?0 -
Hi all
This is my 1st post.
This may sound like a stupid question (pls bear with me, I'm a newbie to moneysaving)
If i open a cashback credit car (say the american express one)
can i use it for direct debit/standing order payments to my mortagage account
pls advise0 -
I don't think you can, but even if you could, I would suggest that it wouldn't be a sensible thing to do. The mortgage payments would inevitably be classed as cash advances, THE most expensive thing you can ever do on a credit card.
Cash advances don't attract the cashback in any case, at least not on any card I've looked at.
Interest is charged from Day 1 on cash advances, there is no interest-free period as with purchases, and they're often the last thing to be paid off (check out negative payment hierarchies elsewhere for why this is so). Plus, if you ever missed a monthly payment, you would be doubly hammered, because the interest rate you would be paying on the outstanding payment would be way higher than your mortage rate. _pale_
Not even worth thinking about, frankly.0 -
gladtobegrey wrote: »I have just been declined despite, or perhaps because of, a spotless credit history. I meet all the declared criteria - no debts, no loans, no CCJs, have a household income well above the minimum, etc etc etc. I suspect my achilles heel is that I am finacially prudent; I always pay off in full every month on my existing (non cashback) card.
Has anyone else managed to appeal this successfully with Cap One? Is it worth the bother of appealing?
Loads of people on here, myself included, have been refused the Capital One Cashback card. I was so disgusted I didn't even both to appeal. Like you say, they don't seem to want people who pay off the full balance every month.Stopped smoking 27/12/2007, but could start again at any time :eek:0 -
Like you say, they don't seem to want people who pay off the full balance every month.
myself and my husband have both got cap one cards recently and we always pay the balance off.
Sorry but I don't think we know what their target profile is so it's just speculation.0 -
Hi
was wondering if anyone has any tips on how to maximise cashback rewards from cash back credit cards. I understand anything you spend on the credit card will earn you 1% cashback but as my monthly spend will prob be £1000 max per month i'm only going to earn £10 a month or £120 a year.
I once heard of a guy who bought thousands of £2 coins (special collectors coins from the royal mint i guess) back when you could buy them for face value and all he did was put the money straight into his bank accoutn and paid off the balance of his credit card in full, claiming some serious cashback for nothing ! obviously this method may be illegal (i dont know) but wondered if there were similar but legal tips people knew of ?
many thanks0
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