Credit Card with Cashback - what to spend?

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Credit Card with Cashback - what to spend?

Postby parchedpeas » Fri Feb 24, 2017 4:44 pm

So my bank have given me 2% cashback on my next three months spending, so obviously I'm going to try and send all my normal spending through the card, but I was wondering if there were any obvious 'virtual cash' products I could buy in the short term to maximise the cashback.

Premium bonds are out as they don't accept credit cards. Any other ideas?
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Re: Credit Card with Cashback - what to spend?

Postby expressman33 » Fri Feb 24, 2017 6:23 pm

Gift vouchers

deposit at a gambling/lottery website - leave it untouched and withdraw after 3 months

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Re: Credit Card with Cashback - what to spend?

Postby planteria » Sat Feb 25, 2017 7:27 am

which bank? is it definitely a credit card, rather than debit card?

gift vouchers seem a good idea, for anywhere that you are confident you will spend regardless. i would favour grocers for this, personally.

if you build up Clubcard points, are you in the Christmas Saver scheme? if so, you are able to contribute up to c£95 and they make it up to you £100 if you do so by end October. you could do it now, early. Asda do a card with a similar purpose too.. not sure when they become available though.

i suppose the ninja method is to buy things that you then take back.. getting the credits back to another card.

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Re: Credit Card with Cashback - what to spend?

Postby pabenny » Sat Feb 25, 2017 8:31 am

expressman33 wrote:Gift vouchers

deposit at a gambling/lottery website - leave it untouched and withdraw after 3 months



IIRC, gambling deposits are usually treated as cash advances and therefore attract a fee on your credit card statement.

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Re: Credit Card with Cashback - what to spend?

Postby kevinchess1 » Sat Feb 25, 2017 9:42 am

planteria wrote:
i suppose the ninja method is to buy things that you then take back.. getting the credits back to another card.


They usually insist on refunding to the same card because of Money Laundering Laws
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Re: Credit Card with Cashback - what to spend?

Postby blythburgh » Sat Feb 25, 2017 10:09 am

A prepaid funeral plan. You will save money and your family will love the fact they do not have the added stress of knowing what type of funeral you want. And the music/readings will be your choice not what your family think they should choose.

A holiday if you are planning to have one this year. We have already booked our holiday cottages just in case the brexit effect on the pound means more people decide to stay in the UK and so we got the best cottages in the places we want to go to at the price we can afford.

A new kitchen for us (but I guess you will expect us to pay the bill sigh)
Keep smiling because the light at the end of someone's tunnel may be you, Ron Cheneler
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Re: Credit Card with Cashback - what to spend?

Postby planteria » Sat Feb 25, 2017 12:22 pm

so, in effect, 'spend it' blyth :mrgreen:

kevinchess1 wrote:They usually insist on refunding to the same card because of Money Laundering Laws


usually being the key. i don't set out to do this, but on the rare occasions i get a refund i usually get a credit card purchase refunded to my current account. i don't want to miss out on cashback :problem:

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Re: Credit Card with Cashback - what to spend?

Postby Bruce » Fri Mar 17, 2017 7:33 pm

If you pay bills by direct debit, see what you can pay by credit card without losing any discounts or incurring surcharges.

My water company recently stopped the (huge) £3 per year direct debit discount. I now pay by credit card once every six months and earn cashback on that. I can overpay the water bill at any point I like and the credit remains on the account until I turn the tap on.

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Re: Credit Card with Cashback - what to spend?

Postby planteria » Sat Mar 18, 2017 10:17 am

good shout.. i have paid Council Tax by creditcard too.

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