Cashback Credit Card

creditcamel

Hi,

I have a credit card with a low credit limit and it provides cashback. I use it for normal spending. But I've reached the credit limit.

I just thought about this - would it be possible to manually clear off the credit card debt back ot zero and then if I spend money again on the credit card to earn more cashback?

Thanks in advance!

dj1471

Yes, you can make payments at any time.

creditcamel

But would I earn additional cashback on the purchases after I've paid off my balance?

dj1471

Almost certainly but it's impossible to say for sure without knowing which card it is...

creditcamel

It's the Tandem Credit card.

I have a credit limit of £1000. So since I have used £1000 of my credit limit, if I pay this completely off and buy another £500, then will I get cashback on the whole £1500?

BakingC

Yes you should do unless there is a specific cap on amount you can earn per month. Before I had a bigger credit limit on my cb card I used to regularly do this in big spend months.