Aqua Cashback

mrchagle

Hi All,

Just having for the Aqua credit card, literally yesterday.

The cash back is paid yearly, does the Aqua App or the Web "portal" show you cash back earned? Or do you have to wait for a statement each month in order to view you earned yearly/monthly cash back?

Thank you.

jay1804

It is on the paper statement

john1002

Not seen this mentioned but goes to show how little I read the statement, just realised that when you come to your annual statements and your annual cashback it now gets rounded down by the nearest £5 so in my case £42.38 if I don’t earn more to get it up to £45 I’d loose a significant amount compared to the overall cashback, it also means you have to really keep an eye on your amount and your cut off date.

Not aware of any other cashback card that does this but as there are very few around maybe they can do this as little competition.

John

Roger1

john1002 wrote: »

Not aware of any other cashback card that does this but as there are very few around maybe they can do this as little competition.

Unfortunately, there are few cards that offer cashback or points on all expenditure.

Tandem MasterCard is one. British Airways American Express is another (for miles, not cashback).

Some that don't include:
- Tesco: non-Tesco transactions individually rounded down to nearest £8 below, so a £7.99 transaction earns nothing
- MBNA Horizon Visa (not generally available for new applications but fairly widely available as replacements for MBNA's extinct airline cards): 0.5% per transaction, rounded down to nearest £2 below, so individual transactions of £1.99 earn nothing, £2 earn 0.1p each, £3.99 earn 0.1p each, £4 earn 0.2p each, etc

see also https://www.moneysavingexpert.com/credit-cards/cashback-credit-cards/

SnowTiger

john1002 wrote: »

Not seen this mentioned but goes to show how little I read the statement, just realised that when you come to your annual statements and your annual cashback it now gets rounded down by the nearest £5 so in my case £42.38 if I don’t earn more to get it up to £45 I’d loose a significant amount compared to the overall cashback, it also means you have to really keep an eye on your amount and your cut off date.

My unclaimed cashback from last year was added to this year.





Cashback up to August 2018 was £45.96.

Cashback for September 2018 was £0.17. A total of £1.13.

Aqua paid £45 cashback in October and rolled the remaining £1.13 over in to the the following year.

john1002

That’s not so bad then, not ideal but can see why they do it.

Thanks for clarifying.

John

Roger1

john1002 wrote: »

That’s not so bad then, not ideal but can see why they do it.

Yes, my confidence in Aqua is maintained.