Credit Cards - Fees on Gift Cards

Slinky

michaels said:

etienneg said:

michaels said:

So this is what Lloyds bank define as 'cash like transactions for their credit cards.  If they include gift cards why not specifically say so?

What other transactions count as a cash transaction?

Withdrawing cash is the most common type of cash transaction. But there are some other uses that also count, depending on your provider. For example, we include:

• Using your available credit to obtain cash (e.g. at a cash machine or at an over-the-counter service). 
• Gambling transactions, using your card to make transactions at casinos, betting outlets and bookmakers, and buying online lottery tickets or gaming chips, share trading or spread betting.
• Buying foreign currency.
• Sending money orders or wire transfers (other than balance transfers or money transfers).
• Buying coins, banknotes or digital currency.
• Paying government or court fines, enforcement penalties, fees or costs.
• Online trading such as share dealing or investments.
• Purchasing or topping up electronic money, payment cards, mobile wallets or account dashboard services.

Please check the terms and conditions of your credit card for a comprehensive list of cash transactions.

So, given the last line above, why not quote the T&Cs of your credit card?

That was what I found on the lloyds bank web page, T&C of my card are probably on some booklet that came with the card.  In this day and age the website should have the information in a form that is not open to interpretation/misunderstanding.

But as you asked:
cashback-terms-and-conditions.pdf
Cash equivalent. Using your card to make cash-related transactions or transactions that are like obtaining cash. This includes: • sending money orders or wire transfers, other than balance transfers or money transfers • buying coins, banknotes or digital currency • paying government or court fines, enforcement penalties, fees or costs • online trading such as share dealing or investments • purchasing or topping up electronic money, payment cards, mobile wallets or account dashboard services.

It is not obvious to me that purchasing a gift card comes under one of these categories, especially as I have purchased other gift cards from different suppliers using the same Lloyds card and it has not been treated as a cash equivalent transaction.  Lloyds have not supplied details of the coding they use so even if I were to ask the retailer prior to purchasing (it is not exactly info that is on the retailer website) how would they or I know how Lloyds was going to treat their transaction?

Which giftcards are you wanting to purchase? Check if they are available on the Everup app. As I said above, their Merchant code doesn't fall into a 'problem' category. Cashback from Everup, cashback from Lloyds Ultra. What's not to like?

WillPS

Slinky said:

michaels said:

etienneg said:

michaels said:

So this is what Lloyds bank define as 'cash like transactions for their credit cards.  If they include gift cards why not specifically say so?

What other transactions count as a cash transaction?

Withdrawing cash is the most common type of cash transaction. But there are some other uses that also count, depending on your provider. For example, we include:

• Using your available credit to obtain cash (e.g. at a cash machine or at an over-the-counter service). 
• Gambling transactions, using your card to make transactions at casinos, betting outlets and bookmakers, and buying online lottery tickets or gaming chips, share trading or spread betting.
• Buying foreign currency.
• Sending money orders or wire transfers (other than balance transfers or money transfers).
• Buying coins, banknotes or digital currency.
• Paying government or court fines, enforcement penalties, fees or costs.
• Online trading such as share dealing or investments.
• Purchasing or topping up electronic money, payment cards, mobile wallets or account dashboard services.

Please check the terms and conditions of your credit card for a comprehensive list of cash transactions.

So, given the last line above, why not quote the T&Cs of your credit card?

That was what I found on the lloyds bank web page, T&C of my card are probably on some booklet that came with the card.  In this day and age the website should have the information in a form that is not open to interpretation/misunderstanding.

But as you asked:
cashback-terms-and-conditions.pdf
Cash equivalent. Using your card to make cash-related transactions or transactions that are like obtaining cash. This includes: • sending money orders or wire transfers, other than balance transfers or money transfers • buying coins, banknotes or digital currency • paying government or court fines, enforcement penalties, fees or costs • online trading such as share dealing or investments • purchasing or topping up electronic money, payment cards, mobile wallets or account dashboard services.

It is not obvious to me that purchasing a gift card comes under one of these categories, especially as I have purchased other gift cards from different suppliers using the same Lloyds card and it has not been treated as a cash equivalent transaction.  Lloyds have not supplied details of the coding they use so even if I were to ask the retailer prior to purchasing (it is not exactly info that is on the retailer website) how would they or I know how Lloyds was going to treat their transaction?

Which giftcards are you wanting to purchase? Check if they are available on the Everup app. As I said above, their Merchant code doesn't fall into a 'problem' category. Cashback from Everup, cashback from Lloyds Ultra. What's not to like?

Just be aware that MCC can change at any time without notice. Airtime Rewards' gift card payment MCC has changed multiple times, for example.

born_again

michaels said:

So this is what Lloyds bank define as 'cash like transactions for their credit cards.  If they include gift cards why not specifically say so?

What other transactions count as a cash transaction?

Withdrawing cash is the most common type of cash transaction. But there are some other uses that also count, depending on your provider. For example, we include:

• Using your available credit to obtain cash (e.g. at a cash machine or at an over-the-counter service). 
• Gambling transactions, using your card to make transactions at casinos, betting outlets and bookmakers, and buying online lottery tickets or gaming chips, share trading or spread betting.
• Buying foreign currency.
• Sending money orders or wire transfers (other than balance transfers or money transfers).
• Buying coins, banknotes or digital currency.
• Paying government or court fines, enforcement penalties, fees or costs.
• Online trading such as share dealing or investments.
• Purchasing or topping up electronic money, payment cards, mobile wallets or account dashboard services.

Please check the terms and conditions of your credit card for a comprehensive list of cash transactions.

What is a gift card but electronic money 🤷‍♀️

michaels

Slinky said:

michaels said:

etienneg said:

michaels said:

So this is what Lloyds bank define as 'cash like transactions for their credit cards.  If they include gift cards why not specifically say so?

What other transactions count as a cash transaction?

Withdrawing cash is the most common type of cash transaction. But there are some other uses that also count, depending on your provider. For example, we include:

• Using your available credit to obtain cash (e.g. at a cash machine or at an over-the-counter service). 
• Gambling transactions, using your card to make transactions at casinos, betting outlets and bookmakers, and buying online lottery tickets or gaming chips, share trading or spread betting.
• Buying foreign currency.
• Sending money orders or wire transfers (other than balance transfers or money transfers).
• Buying coins, banknotes or digital currency.
• Paying government or court fines, enforcement penalties, fees or costs.
• Online trading such as share dealing or investments.
• Purchasing or topping up electronic money, payment cards, mobile wallets or account dashboard services.

Please check the terms and conditions of your credit card for a comprehensive list of cash transactions.

So, given the last line above, why not quote the T&Cs of your credit card?

That was what I found on the lloyds bank web page, T&C of my card are probably on some booklet that came with the card.  In this day and age the website should have the information in a form that is not open to interpretation/misunderstanding.

But as you asked:
cashback-terms-and-conditions.pdf
Cash equivalent. Using your card to make cash-related transactions or transactions that are like obtaining cash. This includes: • sending money orders or wire transfers, other than balance transfers or money transfers • buying coins, banknotes or digital currency • paying government or court fines, enforcement penalties, fees or costs • online trading such as share dealing or investments • purchasing or topping up electronic money, payment cards, mobile wallets or account dashboard services.

It is not obvious to me that purchasing a gift card comes under one of these categories, especially as I have purchased other gift cards from different suppliers using the same Lloyds card and it has not been treated as a cash equivalent transaction.  Lloyds have not supplied details of the coding they use so even if I were to ask the retailer prior to purchasing (it is not exactly info that is on the retailer website) how would they or I know how Lloyds was going to treat their transaction?

Which giftcards are you wanting to purchase? Check if they are available on the Everup app. As I said above, their Merchant code doesn't fall into a 'problem' category. Cashback from Everup, cashback from Lloyds Ultra. What's not to like?

Am aware of everup but in this case gift cards.com were doing 110 of one4all for 100 and these can be converted to sains GC in Argos so effectively 9% off in sains plus I was expecting the 1% Lloyds ultra and had run out of the 20% off comsav.

grumpy_codger

Did anybody have problems with using Lloyds Ultra CC at Everup? 
Admittedly, t's a biggish transaction, few hundred, and Lloyds keeps declining it. Called them, and first they said it was because the card was never used before for a chip&pin purchase. I changed the PIN and made a purchase in Tesco - and nothing changed. Now they are saying that it's because the payment is through Google Pay - and this is the only option to make a CC payment at Everup. However, I see that recently I used Lloyds Ultra at Everup for a small transaction, about £15 - and it could be only through G Pay.
So, is it just Lloyds stupid computer that keeps saying No and humans have no idea why and cannot control this? 

molerat

I have problems with large purchases with GPay using either of my Lloyds cards, always rejects anything over a couple of hundred £s, whichever GPay method is used.

Slinky

I had a £100 Tesco giftcard purchase with Googlepay stopped on the Lloyds Ultra account earlier in the week, they then texted me to ask if it was my transaction which I confirmed it was. I was then able to make the purchase at the second attempt. I'm more usually buying up to £50 at a time which is no problem.

Can you split your purchase into smaller amounts?

grumpy_codger

Slinky said:

...

Can you split your purchase into smaller amounts?

I did try to split the total amount into few gift cards, but it's B&Q and delivery, so splitting the purchase is too much hassle. I'd rather lose 0.5-1% than have few deliveries instead of one.

ETA: just paid £450 with my Barclaycard Cashback (0.5%) without any problems.

ETA: and yet another similar Barclaycard payment an hour later, again without any problems.

Slinky

Can you not use more than one gift card for the transaction?

grumpy_codger

Slinky said:

Can you not use more than one gift card for the transaction?

Yes, that's what I meant by "split the total amount into few gift cards". The total is almost £1K and splitting it into smaller amounts below, say, £100 is too much PITA.