Cash Back Credit Cards Question

Guest: XeroK00L
Credit Expert (100+ Posts)
Post subject: Cash Back Credit Cards Question
Posted: Tue Jul 25, 2006 9:21 am

I didn't know you can get cash back from a grocery store with a credit card. I always thought you could only do this with a debit card. Or is this only allowed with a Discover card? I'm confused. If they really allow people to take cash back with a credit card, I'm gonna do it every single time. Free rewards. Why not?

---

CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

---

Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Tue Jul 25, 2006 10:16 am

It is just discover....people have reported being able to do this at Sam's club also....but maybe just with their branded card....hardly worth the time in my opinion unless in the future discover has a 5% promotion for groceries....

---

CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

---

Guest: mantras
Posted: Tue Jul 25, 2006 11:00 am

Yeah just the Discover has this feature I believe. Usually after you swipe the card it asks you if you want cash back before anything else. I've never asked for cash back though I hardly use my Discover. Just yesterday I did see the person in front of me at the grocery use it to buy a bottle of water to get cash back.

---

CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

---

Guest: georgee
Posted: Tue Jul 25, 2006 1:15 pm

Mouse, the point is not to earn rebates with Discover. This is an alternate method of getting cash without having to haul around an ATM or debit card in your wallet.

---

CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

---

Guest: Brammy
Credit Expert (100+ Posts)
Posted: Tue Jul 25, 2006 1:16 pm

Walmart card also hasthis feature. You can get cash back whenyou use their card at your local WalMArt

---

CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

---

Discover Credit Card Cash Advance

Guest: georgee
Post subject: Discover Credit Card Cash Advance
Posted: Tue Jul 25, 2006 6:23 am

Has anyone tried going in to a grocery store, like Albertsons, buying a candy bar and then getting $50 over the purchase with DiscoverCard?

Does this really count as a grocery purchase, or do you get stuck with a cash advance?

The rewards on Discover suck (except for the 'Get More" promotions, but this might be a good way to get cash with no interest (using Discover like a debit card but with none of the risks).

---

CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

---

Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Tue Jul 25, 2006 7:54 am

Quote:

"georgee"
Has anyone tried going in to a grocery store, like Albertsons, buying a candy bar and then getting $50 over the purchase with DiscoverCard?

Does this really count as a grocery purchase, or do you get stuck with a cash advance?

The rewards on Discover suck (except for the 'Get More" promotions, but this might be a good way to get cash with no interest (using Discover like a debit card but with none of the risks).

The TOTAL purchase price is just increased

SAY THE CANDY IS EXACTLY $0.50 (with any tax)

YOU PAY $50.50

IT IS NOT A CASH ADVANCE

Then since I don't use CASH I just add it to a future deposit at the back

---

CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

---

Guest: georgee
Posted: Tue Jul 25, 2006 7:58 am

Thanks, Mouse.

---

CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

---

Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Tue Jul 25, 2006 8:06 am

Not that DISCOVER pays off

You have to get a "TON" of those $50 CASH BACK before you get 1.00%

FYI--WALMART/SAMS 0.25% (never 1.00%)

---

CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

---

Credit Card Offers from Amazon.com and Bank of America Rewards

Guest: usmsci
Credit Expert (100+ Posts)
Post subject: Credit Card Offers from Amazon.com and BOA Rewards
Posted: Tue Jul 25, 2006 2:09 pm

I recently was approved for 2 cards and awaiting a letter decision on another. heres a little more info.

Card 1: Amazon.com Chase Visa Card
--------------------------------------------
Credit Limit: $4,000 (called on activation to request CLI as suggested by the CSR and was declined.. asked for $10,000) CSR also said in her own way that even though they do 6 month reviews they go buy if you pay on time and what your balances are. I dont know whether that means what my balance have been in the past(High Credit) or what my balances are at time of CLI review. It almost sounds like you have to pay them interest in order to get a CLI which is totally and ethically wrong IMO.

Perks: 0% APR on purchases and balance transfers until January 2007

no annual fee
3 points for every dollar spent on amazon.com
1 point for every dollar spent everywhere else

2,500 points = $25 Amazon.com Gift Certificate - - i know this sucks but at least its something, anyway i didnt get it for that, i got it for the 0% APR.

They did a pull on Equifax. FICO - 673. does chase pull any other CB?

Card #2: Bank Of America Rewards American Express
----------------------------------------------------------------
Credit Limit: $3,600

the card is here: http://www.bankofamerica.com/creditcards/?template=amexrewards_visa_clear&adlink=000302005k660000e564

Perks:
--------
1. 0% APR on BT and cash advances until August 2007. I am still waiting on the card so the 12 months starts when i open the account. It is 0% APR for 12 months. So either July/August 2007 timeframe. After the 12 months then the standard APR is 7.9% for purchases, BT's and Cash advances. If i go over my limit or am ever late then the default APR(up to 24.99%) will be incurred on my account.

2. $50 Statement Credit if you make a purchase within the first 45 days of opening the account.(good deal)

They pulled Experian. FICO is ???. do they pull other CB's? I dont know the FICO but its at least 673. Its always been higher than my equifax. if i had to guess i would say 680 - 685.

if 7.9% bad? it sounds like that they are not even counting prime or its just 7.9% regardless of prime. this part confuses me.


3. this card: http://www.bankofamerica.com/creditcards/?template=choice_plat_visa

i applied but they said they would send me a letter. so we will see what happens. dunno how i can be approved 10 minutes earlier and then declined on this one. anyone have an idea? Anyway this one as you see doesnt have a fee for intro BT's which is good.

****************EDIT************************
UPDATE: Just checked the choice priviledges account to see if they made a decision and they HAVE! Initial CL is $4,000. now i can use that card for 3 free hotel nights that i will need in a couple of weeks.(OOPS, looks like the points dont show up until after 4 - 6 weeks! bummer). anyway, i should get the card in about a week.

Thats $11,600 in 1 days work of applications..not bad i would say considering i am used to getting measly $500 and $1000 credit limits. Things are looking up.
******************************************************

anyway do any of you have these cards? if so what do you think?

In general for everyone how do you like BOA? customer service? CLI's? etc.

anyway things are up and up. On Experian i now have a CLEAN record. 0 derogatory. Equifax 2 derogs(very old) and TU the same.

THANKS!

---

CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

---

Credit Card Company Raised Minimum Monthly Payment

Guest: usmsci
Credit Expert (100+ Posts)
Post subject: Credit Card Company Raised Minimum Monthly Payment
Posted: Tue Jul 25, 2006 3:59 pm

In January there was talk about CC's raising the minimum payments on balances , doubling them. which CC's actually did this? does someone have a link to verify this? thanks!

---

CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

---