CC Payments Split

[corymcd88]

I was told by my bank that is you split payments credit and a gift card they are going to close account as they are loosing on the swipe fees they get. I.E If I buying something for $40,00 and pay $20,00 with gift card and $20,00 with CC.(I'm using round numbers to make things clear.)

[jamesdwi]

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@corymcd88 wrote:

I was told by my bank that is you split payments credit and a gift card they are going to close account as they are loosing on the swipe fees they get. I.E If I buying something for $40,00 and pay $20,00 with gift card and $20,00 with CC.(I'm using round numbers to make things clear.)

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done it multiple times, in fact 60% of the time i dine out, I use a gift card, its always looks funny to write a $15 tip on a $8 charge slip, because the other $50 came from a credit card.

I have also used pre-paid visa/amex/mc charge cards as partial payments at walmart and other stores, with the remainder paid on my regular cards, no issues yet. 

Most of the time, the bank would have to do extra work to figure out you used a gift card to pay part of the bill anyway... 

[Anonymous]

Whomever told you that is an idiot and should be put on permanent mute.

[corymcd88]

Some big banks.

[jamesdwi]

no problem, with AMEX, Citi, Chase, Discover, Commenity, sorry I don't have any Wells Fargo credit cards so can't verify but still doubt it would be an issue.

That covers 30% of the top 10 largest banks in the US, right allready. 

[corymcd88]

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@jamesdwi wrote:

no problem, with AMEX, Citi, Chase, Discover, Commenity, sorry I don't have any Wells Fargo credit cards so can't verify but still doubt it would be an issue.

That covers 30% of the top 10 largest banks in the US, right allready. 

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Yep, I guess the reps were miss informed.

[SomeGuyNamedFred]

What would be the logic (from the bank's perspective) behind such a policy?  Would they rather us use some other form of payment to cover the remaining balance and get nothing, or get 1-2% of something (potentially still a substantial amount if the total bill is large relative to the gift card amount)?  

Sounds like this CSR is retarded, but i doubt they would make something like that up if they didn't hear it from management.

[Callandra]

I've split payments before (either with cash or gift cards) and never had an issue. It was a frequent occurence when I worked as a retail cashier so I doubt people are getting shut down for that. 

[Anonymous]

What if you received a gift card for Christmas at your local Target store and used it for partial payment and paid for the rest of your purchases on a CC? This seems ridiculous to say the least.

That CSR is CRAY CRAY....