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Do you get charged for using supermarket "cashback" facilities by credit card company


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Old 17-01-2008, 19:25
stevenoon
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Hi all,

I was wondering - instead of paying a fee to use my credit card in the cash machine (which I don't anyway out of principle) - if I used the "cash back" facility which has been offered in the past by ASDA - due either the supermarket or credit card company make any charges?

I haven't heard ASDA offering "cash back" for a while now - does anyone know if they still offer the service?

When I last heard them offer it I didn't have a credit card but I do now and was wondering if the service would be useful to me?

Many thanks,

Steve.
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Old 17-01-2008, 19:27
DinkyDoo
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I work at Asda and I can tell you now, that you wont ever get asked if you want cashback if you are using a credit card.

The tills dont offer the option when paying by credit card, only debit cards give the option to get cashback.
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Old 17-01-2008, 19:28
grtrekkie
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you will only get charged if you use the credit card in a cash machine to withdraw money. normally about 2%
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Old 17-01-2008, 19:43
stevenoon
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Many thanks for the info - I was just curious to see if it was possible to avoid the cash advance fee (either 2.5 or 3% not sure which need to find out).

I guess the credit card companies don't allow retailers to offer cash back on credit card transactions because they wouldn't be able to collect their cash advance fee from the ATM's. I appreciate the cost of the logistics involved to keep the ATM's restocked but I think 2-3 percent is a bit steep perhaps?

Steve.
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Old 17-01-2008, 19:48
stud u like
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Some credit cards give you cash back when you shop in a supermarket. Barclaycard does.

However from what I read this is a different terminology and they give you the money as a loyalty bonus for how much you spend.
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Old 17-01-2008, 19:55
Dissonance
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If you have a local independent shop that has a card machine separate to their till units, and a good rapport with the cashier, then it is possible that they can 'overcharge' you on the cad machine and give you the 'change'. I have done this a few times, but don't do it that often - I think if you did it a lot then they wouldn't do it. Like I say, you will probably need to know the person behind the counter and it is probable that very few places will do it...
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Old 18-01-2008, 16:35
duffystev
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Remember not only do you pay a fee for cash from Credit Card but the interest rate for cash is high as well.
It's not a good idea to get cash off your Credit Card.
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Old 18-01-2008, 16:42
cordunkni
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Remember not only do you pay a fee for cash from Credit Card but the interest rate for cash is high as well.
It's not a good idea to get cash off your Credit Card.
And interest is charged from that day - there's no grace period like there is for purchases.
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Old 18-01-2008, 16:51
duffystev
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And interest is charged from that day - there's no grace period like there is for purchases.

I didn't know that but I don't use my credit card for cash.
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