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

eagle

NoviceAngel wrote: »

No Luma customers can get 4% right up to the end of May, so make the most of what's left I say.

If your statement is dated 20th May, you would have about 10 days to spend £225 to earn £9 cashback so go for it and get what you can to the very end.

I checked with them and they said we will get our cashback paid to us in our June statement, so that will be the 14th for me. I have already cleared my card anyway. It was only a backup; my AmEx serves me well.

NoviceAngel

eagle wrote: »

I checked with them and they said we will get our cashback paid to us in our June statement, so that will be the 14th for me. I have already cleared my card anyway. It was only a backup; my AmEx serves me well.

Yes, but the letter states no cashback will be earned on transactions posted after the 31st May, you'll still get cash back but in your case not on transactions posted between the 1st June and your statement date the 14th..

That's how I understand it anyway.....

lisyloo

That's how I understood it too.
I guess this allow time for any refunds to get credited and for them to run the s/w to calculate the cashback.

eagle

I also understood that cash back will not be paid post May 31st but as I am preparing to cancel, I have already stopped using it in favour of my Amex. I get a better service with it and get more cash back with it. Where I can't use Amex I can try either PayPal using my Amex or go to an alternative retailer altogether.

joe134

eagle wrote: »

I also understood that cash back will not be paid post May 31st but as I am preparing to cancel, I have already stopped using it in favour of my Amex. I get a better service with it and get more cash back with it. Where I can't use Amex I can try either PayPal using my Amex or go to an alternative retailer altogether.

What service do you want with cashback?
Amex will only beat 1 % on high spending, then with a fee, reducing the average % rate overall..?
.Rather complicated way (paypall) online, or use petrol running round shops.?.Just get another card.0.5%.

planteria

very few places that don't take Amex though, ime, Joe

joe134

planteria wrote: »

very few places that don't take Amex though, ime, Joe

There's a couple by me planteria, but, they are getting few and far between Amex keep e-mailing me to inform me of new places that have started using them.Rarely do I use my capone, but when I do, it's usually for a large amount, more's the pity.I like Amex. Numero uno; I got a voucher from M/s 2 days ago for 20% off and a £5 off too, which wife used. The shop assistant in M/s said It was because I had applied for their CC, which is being processed, and said I was lucky to get it so soon, before card arrived...

hasdogs

allan1954 wrote: »

just applied online for asda money back credit card I have over £20.000 income got accepted credit limit £300.I rang them they said I have to wait for 6 months before they will increase the £300 to £800.

I also applied online and was accepted with a £300 limit. Called them the following day to request a limit of at least 1k and preferably 2 or 3. They said they would request it but I wouldn't know what I got till the card was issued.

The card turned up with a 1k limit which I can live with. I assume my credit rating is good - I have never checked.

I was expecting more people to be applying for ASDA cards and posting their experiences.

joe134

hasdogs wrote: »

I also applied online and was accepted with a £300 limit. Called them the following day to request a limit of at least 1k and preferably 2 or 3. They said they would request it but I wouldn't know what I got till the card was issued.

The card turned up with a 1k limit which I can live with. I assume my credit rating is good - I have never checked.

I was expecting more people to be applying for ASDA cards and posting their experiences.

there's probably no need when they take amex with still good cashback.and, a £4k limit. ( on mine) which I didn't request, their choice.
What's Asda offering on their CC.? I've opted for M/s@0.5% and 1% in their shops, to replace capone.who also take amex, but,thinking of there bank a/c as well.

lisyloo

very few places that don't take Amex though, ime

Still plenty for me
e.g. my local farm shop, my insurer, on-line retailers.