Capital One axing cashback for some, cuts cashback rates for others

davidsuffolk · 7 April 2015 at 2:39PM

lisyloo wrote: »

I have a feeling the limit is £20K (which may be not noticeable by many).
I haven't had a letter, but just had my £18 taken, so cynically I'm wondering if the letter comes out after the fees.

You may be right but I used to put business expenses as well as personal on it so exceeded £20K and never had cashback denied. Even bought a car with it once.
What's with the £18? I don't have any fee for what I thought was the same card.

cse · 7 April 2015 at 5:11PM

I haven't had a letter, but just had my £18 taken, so cynically I'm wondering if the letter comes out after the fees.

My £18 was taken about 9 months ago... according to my letter it's being refunded in full. Which is about as good as can be expected, really

Former_MSE_Helen · 7 April 2015 at 5:41PM

Capital One is completely axing cashback for some of its cardholders and reducing the amount others can earn from 1 June...

Read the full story:

Capital One cashback card holder? It's axing the perk for some

Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.

leicsmarkyr · 7 April 2015 at 6:02PM

Does anyone know for sure which products are affected here?

I have the MasterCard World product which is tiered percentage of 0.5% / 1% / 1.25%.

Just wondering if I need to look elsewhere now as this was the best cashback card I had.

Mark

SuiDreams · 7 April 2015 at 6:08PM

Still haven't received a letter yet, I suppose mine is still with Royal Mail Have a very old Capital one World Mastercard. No Annual Fee, £10 credit a year, think cashback is 1% on 1st £2000 per month and 0.5% above this.

Kumnaa · 7 April 2015 at 7:21PM

MSE_Helen wrote: »

Capital One is completely axing cashback for some of its cardholders and reducing the amount others can earn from 1 June...
Read the full story:

Capital One cashback card holder? It's axing the perk for some

Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.

Having quickly read the article I see it mentions American Express as an alternative for cash back. Won't they be affected as well?

planteria · 7 April 2015 at 7:35PM

mine is the AspireElite card, and i haven't received a letter so far.

Winrick · 7 April 2015 at 7:48PM

I see that the mods have now renamed the thread. So they accidentally delete the original thread and then claim that they can't undelete it as it would be publishing content but then they steal content from it and publish a news story on that same content anyway. Interesting logic.

redux · 7 April 2015 at 8:12PM

Winrick wrote: »

I see that the mods have now renamed the thread. So they accidentally delete the original thread and then claim that they can't undelete it as it would be publishing content but then they steal content from it and publish a news story on that same content anyway. Interesting logic.

Well, at least it confirms that they should include the forum in their research methods.

eco_farmer · 7 April 2015 at 8:37PM

Europe trying to make good law/interfering in the market and fxxxing it up??!! really who'd thought it.

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