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Barclaycard World MasterCard (Ex Egg Money) Being Replaced with Amex + Visa Combo
Comments
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My latest statement has the monthly cash back worked out correctly so, can't believe I'm going to say this but it looks like things may be sorted.
I'll be keeping a good check on it everytime and advise others to do the same with theirs.Live long and prosper0 -
Likewise with everyone else, my account is looking ok now but I haven't done quite as well as some.
My cashback this month works out at 2% and 1% except it's 3p short. Now I'm not exactly going to complain about that, but come on how difficult is it to code something that works out percentages!! It might only be 3p this month but what if it's £3 next month? That'll be the hassle of another complaint!
Last months statement still shows the wrong cashback, but my total this month appears to be correct including a correction for last month. Apart from the missing three pence of course!!
Same here and I hadn't got round to contacting them to complain. :beer:0 -
Likewise with everyone else, my account is looking ok now but I haven't done quite as well as some.
My cashback this month works out at 2% and 1% except it's 3p short. Now I'm not exactly going to complain about that, but come on how difficult is it to code something that works out percentages!! It might only be 3p this month but what if it's £3 next month? That'll be the hassle of another complaint!
There's two ways to code it:
1) 1% of the balance at the end of the month
2) 1p for every £1 spent
Lets say you make 3 purchases of £29.99 and one purchase of £10.03
Method 1 gives you 1% of £100 = £1.00
Method 2 gives you 29p*3 plus 10p = £0.97
I've had a few cashback cards dating back to 1999, and I've seen both methods used, and Method 2 will hit a "everything on the card" user more than a "big stuff on the card" user.
With a 1% card It's easy to see which method is used - if the cash back in pennies equals the monthly spend in pounds, then it's Method 1.
If the cashback is lower, then it's Method 2.0 -
pochisoldi wrote: »There's two ways to code it:
1) 1% of the balance at the end of the month
2) 1p for every £1 spent
Lets say you make 3 purchases of £29.99 and one purchase of £10.03
Method 1 gives you 1% of £100 = £1.00
Method 2 gives you 29p*3 plus 10p = £0.97
I've had a few cashback cards dating back to 1999, and I've seen both methods used, and Method 2 will hit a "everything on the card" user more than a "big stuff on the card" user.
With a 1% card It's easy to see which method is used - if the cash back in pennies equals the monthly spend in pounds, then it's Method 1.
If the cashback is lower, then it's Method 2.
agreed. excellent analysis. Amex calculate my CB only on whole pounds spent/transaction. they do round up the pennies though. their system is fine with me :T0
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