We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

help paying bill on 5% cash back amex card?

jammiev
jammiev Posts: 1,039 Forumite
hi, when i am paying my bill for the above card do i pay the full amount i owe or do i minus the 5% cash back. for eg ; say i owe £100 do i pay that in full or pay just £95?

thanks:confused:

:beer:

Comments

  • simongregson
    simongregson Posts: 894 Forumite
    Part of the Furniture 500 Posts Name Dropper
    You need to pay the full amount. The cashback is credited once a year. It will appear on your statement, so the balance of one statement per year will be reduced by the cashback amount. I think it is on the month that you opened the card that it gets credited.
  • jiggy2
    jiggy2 Posts: 471 Forumite
    Part of the Furniture 100 Posts Name Dropper
    jammiev wrote: »
    hi, when i am paying my bill for the above card do i pay the full amount i owe or do i minus the 5% cash back. for eg ; say i owe £100 do i pay that in full or pay just £95?

    thanks:confused:

    :beer:

    pay the full amount.

    the 5% cashback is added to your account once a year (on the first anniversary i believe)

    also might want to consider setting a direct debit

    Jig
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.4K Banking & Borrowing
  • 254.1K Reduce Debt & Boost Income
  • 455K Spending & Discounts
  • 246.5K Work, Benefits & Business
  • 602.8K Mortgages, Homes & Bills
  • 178K Life & Family
  • 260.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.