Capital One axing cashback for some, cuts cashback rates for others

joe134

read today, mbna are considering cashback stop/reduction. I use it all the time MBNA/Amex,1 %.+ Cap one Aspire and world,( both letters in.:mad:)
Didn't realise san123 A/c holders,allow fee free CC for 12 months .So, will apply for one, in case MBNa do stop/reduce it.They keep pestering me to have one, anyway.

davidsuffolk

Got a letter today. Aspire World and all cash back gone. Shame but nice while it lasted and I guess I will close it in June.
I realise it is no fault of Cap1 but I wonder just how many accounts they will lose.

davidsuffolk

Not on topic but I see my post is timed at 08.05 when it was actually 10.05. Are MSE servers based somewhere 2 hours behind BST?

derelyth

davidsuffolk wrote: »

Not on topic but I see my post is timed at 08.05 when it was actually 10.05. Are MSE servers based somewhere 2 hours behind BST?

Go to User CP --> Settings & Options (left side) --> Edit Options. Further down this page there is a timezone setting you can check

joe134

joe134 wrote: »

read today, mbna are considering cashback stop/reduction. I use it all the time MBNA/Amex,1 %.+ Cap one Aspire and world,( both letters in.:mad:)
Didn't realise san123 A/c holders,allow fee free CC for 12 months .So, will apply for one, in case MBNa do stop/reduce it.They keep pestering me to have one, anyway.

PS. Is SAN 123 CC taken everywhere, same as Mastercard.?

darren72

joe134 wrote: »

PS. Is SAN 123 CC taken everywhere, same as Mastercard.?

I believe their 123 credit card IS a mastercard.

davidsuffolk

derelyth wrote: »

Go to User CP --> Settings & Options (left side) --> Edit Options. Further down this page there is a timezone setting you can check

Many thanks for that. I don't think I had ever shown myself in Cape Verde but there you go!

stork_2

I've been told that my cashback (currently a flat 1%, no annual fee) is being withdrawn completely.

However, the reduction in interchange fees is typically from about 0.8% to 0.3%, so if 1% cashback was previously sustainable, why is 0.5% cashback not sustainable now?

Any word on whether Bank of Ireland are thinking of withdrawing their cashback (flat 0.5%, no annual fee)? Or maybe I'm best to switch to using my M&S card (0.5% in M&S vouchers).

joe134

darren72 wrote: »

I believe their 123 credit card IS a mastercard.

Thanks darren, even better.:beer:

planteria

yes joe.. all credit cards are American Express, Mastercard or Visa.. they are just provided by different companies but use those payment systems.