Cashback rewards?

Money_and_Travel

My Credit Card gives me cashback rewards (0.25%), and I've received a message saying it will be automatically credited after the anniversarry of my opening the account.

Won't this put my account in credit, which I understand isn't allowed on a credit card?

elsien

It’s okay for a credit card to be in credit. Parent put a load of money on her before she went to Australia (I never fully understood I – something to do with the exchange rate). Took her about two years to get the balance down to zero again. 

Not best practice if it’s a large amount of money, but not a problem. 

GrumpyDil

Some credit cards apparently don't like positive balances. OP I suspect Barclaycard would not have an issue if they put into credit but if you use the card regularly it presumably won't take long to clear down and the one time I put a card into credit due to a large refund clearing after I had paid the bill the bank transferred the money to me. 

MFMP

If you have a balance to pay on your account in month 13, they will take the cashback off that bill. That's what happened to me earlier this year. 

NoodleDoodleMan

M&S credit card will reject a payment that puts the account into "the black" and bounce it back to the source.

Maybe some others likewise ?

Money_and_Travel

NoodleDoodleMan said:

M&S credit card will reject a payment that puts the account into "the black" and bounce it back to the source.

Even if the source is themselves?

Money_and_Travel

MFMP said:

If you have a balance to pay on your account in month 13, they will take the cashback off that bill.

I always keep the balance at £0.

SuperAllyB

Money_and_Travel said:

MFMP said:

If you have a balance to pay on your account in month 13, they will take the cashback off that bill.

I always keep the balance at £0.

If your balance is always £0 then there's unlikely to be any cashback!

Ayr_Rage

SuperAllyB said:

Money_and_Travel said:

MFMP said:

If you have a balance to pay on your account in month 13, they will take the cashback off that bill.

I always keep the balance at £0.

If your balance is always £0 then there's unlikely to be any cashback!

I think the OP meant she follows the Martin Mantra and pays it off IN FULL every month, so any spending will accrue the cashback but not monthly interest.

As an aside, Nationwide did allow me to have a brief positive balance a few years ago when I was purchasing a car from a dealer that allowed me to pay by credit card, it was agreed on the phone in advance.

WillPS

While deliberately making a payment which puts one's own credit card account in credit is normally against the T&Cs (and often guarded against, as noted upthread), there are situations where ones credit card ends up will end up in credit anyway. The most common one is a refund applied to an account with a zero or low balance.

Either spend the money or request a balance refund.

SuperAllyB

Ayr_Rage said:

SuperAllyB said:

Money_and_Travel said:

MFMP said:

If you have a balance to pay on your account in month 13, they will take the cashback off that bill.

I always keep the balance at £0.

If your balance is always £0 then there's unlikely to be any cashback!

I think the OP meant she follows the Martin Mantra and pays it off IN FULL every month, so any spending will accrue the cashback but not monthly interest.

As an aside, Nationwide did allow me to have a brief positive balance a few years ago when I was purchasing a car from a dealer that allowed me to pay by credit card, it was agreed on the phone in advance.

I thought that too, but if she does that then her reply to the post about cashback being credited to her bill in month 13 doesn't make a lot of sense to me 🤷‍♂️