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

eagle

planteria wrote: »

i used it today, as i found that even though the Post Office now accepts Amex for postage they weren't able to accept it to pay my Council Tax. so i had to go home & pay using CapOne Mastercard at home.

Post Office now accepts Amex? Wow, must have missed that - great news!!

reclusive46

eagle wrote: »

Post Office now accepts Amex? Wow, must have missed that - great news!!

Some started to take it a couple of months ago (Although my local one has taken it for years as they used their regular shop card machine as opposed to the post office card machine if you were paying with Amex) but they all officially started to take it at the start of last month.

eagle

reclusive46 wrote: »

Some started to take it a couple of months ago (Although my local one has taken it for years as they used their regular shop card machine as opposed to the post office card machine if you were paying with Amex) but they all officially started to take it at the start of last month.

Fantastic news! The more the merrier. Another reason to ditch MasterCard cashback cards

planteria

still no letter for me. anyone else not had any letter at all?

Nick_C

planteria wrote: »

still no letter for me. anyone else not had any letter at all?

Read the thread! Some people's terms are not changing. If your card is not changing, why should you get a letter? If you want to check, contact Cap One. No one on here can tell you if your terms are changing or not!

Fingerbobs

planteria wrote: »

still no letter for me. anyone else not had any letter at all?

One of my co-workers has the 1% flat-rate cashback Cap1 card, and hasn't received any extraordinary letters.

keiran

It seems I was misinformed....

I had spoken to someone in the Executive Office at Cap1, who said that all cashback was being was removed, or capped at 0.5%.

No one would be earning more than 0.5% - and so I thought I was one of the lucky ones!

I think it would be important for us to know if any person was getting more than this...though of course, it may simply be that you haven't received the letter yet!

My research shows that the Amex Platinum Cashback card, giving 1.25%, is the one we now need to switch to

msallen

I still haven't rec'd any letter, so as far as I'm concerned I'm still receiving 0.5% on first 6K, 1% to 10K and 1.25% on all over that.

As I stated many pages ago, I suspect they are looking at the profit/loss from customers and acting accordingly. As I put the occassional largish foreign spend on mine (which is work expense so I dont personally pay the FX fee, I claim it back) I probably come out somewhere near neutral.

planteria

thanks msallen. the impression i have is that the advice keiran was given may be right though, and even the few of who haven't received a letter may see a change.

keiran

If anyone is thinking of applying for the Amex Platinum Cashback card, which gives 1.25% on all spending (5% for first 3 months on up to £2500, but with £25 fee), I can refer you so that we both get £25 from Amex. All I'd need is your first and last name and email address.