@Anonymous wrote:
@longtimelurker wrote:
@core wrote:
@Anonymous wrote:Note that they only apply it as account credit, not as cash back. So if there is a $1,200 balance on the card with $718 in rewards, guess who gets to keep the account credit?
Capital One.
Ummmm.... LOL yes, that's exactly how it should be. What were you going to do, pocket the cash and then stiff Cap One for the balance by telling them the estate has no money to pay off the $1200 balance??? I'm no fan of credit card companies, but that seems pretty low-down and rotten.
Right. The more interesting case is if the balance is say $0, and you have $718 in rewards. They would then apply that as statement credit. If you are alive, after a while you get sent a check for the credit, hopefully they do the same here (can't imagine that they wouldn't)
I'd be willing to bet that they don't send the estate a check for any negative balance.
OK, need a guinea pig! Someone here wiling to get a postive reward balance and a 0 account balance, and then die? Come on, for the team!
@core wrote:
@Anonymous wrote:Note that they only apply it as account credit, not as cash back. So if there is a $1,200 balance on the card with $718 in rewards, guess who gets to keep the account credit?
Capital One.
Ummmm.... LOL yes, that's exactly how it should be. What were you going to do, pocket the cash and then stiff Cap One for the balance by telling them the estate has no money to pay off the $1200 balance??? I'm no fan of credit card companies, but that seems pretty low-down and rotten.
Who said anything about stiffing the bank? You are reading in something that wasn't said. I'm only stating that cash back after someone has passed away is not an option, so it may be best to take the cash back when you can.
Perhaps it may be a good idea to read more carefully. 
@Anonymous wrote:
@longtimelurker wrote:
@core wrote:
@Anonymous wrote:Note that they only apply it as account credit, not as cash back. So if there is a $1,200 balance on the card with $718 in rewards, guess who gets to keep the account credit?
Capital One.
Ummmm.... LOL yes, that's exactly how it should be. What were you going to do, pocket the cash and then stiff Cap One for the balance by telling them the estate has no money to pay off the $1200 balance??? I'm no fan of credit card companies, but that seems pretty low-down and rotten.
Right. The more interesting case is if the balance is say $0, and you have $718 in rewards. They would then apply that as statement credit. If you are alive, after a while you get sent a check for the credit, hopefully they do the same here (can't imagine that they wouldn't)
I'd be willing to bet that they don't send the estate a check for any negative balance.
I'd be willing you to bet you are correct, my Gaelic friend
@dallasareaguy wrote:It's become a game in our house.
ME: "Hey wife, remember... Amex Blue for Groceries and gas!... everything else put on the QuickSilver"... she got frustrated with me this weekend when I said.. "Why did you use the Blue at Sam's?..."...she said... "because you said to use it on groceries!".... I said: "yes, but remember it's not valid at wholesale stores or walmart or target, etc.".... her final response " uggh, I'm trying to follow your requests..I give up."
We only got 1% using Blue in the case instead of 1.5% with QS... it all amounted to about $1.11 difference in rewards but hey!
When our household first switched over to using reward cards for all of our expenses, this conversation happened a lot. My hubby has started calling me a Don. It's hilarious!
@Anonymous wrote:
@dallasareaguy wrote:I can't bring myself to cash in rewards. I have accumulated $718 since November 1st and can't get myself to accept the credit. As if I'm saving them for a rainy day or something. I do the same with my other accounts too. Am I the only one? Took me 7 1/2 months to accumulate.... just don't want to see the number stop growing. I guess my only risk is that if CapOne closed my account for some reason I would miss out on all that reward.
What about creating a separate savings account to just put your rewards in so they can accumulate without being tied to Cap1? I was thinking about doing that with my rewards.
Excellent suggestion.
