The Luma 4% cashback card taken out last year

lottie3000

Hi

Just wondering if anyone has any idea of whether the cashback will be discontinued soon. I've had this card just over a year and it would be a shame for it to stop.

Anyone have any ideas on the subject.

ricky_v

Don't jinx it!

leeroy2009

I was wondering that too, should they do that it gets closed down, simple as that really.

bsms1147

131 days from today.

lisyloo

The deal will probably end after 1 year.
It's basically too good to be true other than short term.

Biggles

lisyloo wrote: »

The deal will probably end after 1 year.

Oh dear. I've now had my Luma card for just one year.....

Aquamania

Biggles wrote: »

Oh dear. I've now had my Luma card for just one year.....

Some people have presumably had their cards for over a year by now

Presumably lisyloo means her agreement will close/change 1 year from today (or rather yesterday when she posted), but then again bsms1147 appears to have been told their agreement will change/end in just 131 days.

I guess anyone with this card will be informed well before any change to their own agreed terms.

System

It will end soon, but as to when who knows. I just hope that I don't have as many problems getting final cashback paid/ closing account as I did with AQUA!

cse

Most if not all cashback cards will be going away at some point during the next year, as new interchange rules mean lenders can't afford to support them. However you should be given at least 30 days notice of any changes

bonjan

Likely unless they are breaking even with interest profits from cardholders who don't pay in full, pay late, etc.

FarleyFlavors

Had a letter this morning informing me that Luma cashback is ending on 1st. June.

"Changes in our industry mean it is no longer sustainable for us to offer cashback on your card. This is because the fees we receive when you use your card are reducing."