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Valued Contributor
Posts: 1,302
Registered: ‎07-07-2013
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Cash Back = Cash Advance?

[ Edited ]

I just realized that I could get cash back with my Discover it at some grocery stores yesterday. Is cash back the same as cash advance? Will I be charged higher interest for cash back?

Moderator
Posts: 27,206
Registered: ‎09-13-2012
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Re: Cash Back = Cash Advance?

Valued Contributor
Posts: 1,302
Registered: ‎07-07-2013
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Re: Cash Back = Cash Advance?

[ Edited ]

Haha, good to know! :smileyvery-happy: Thanks!

Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
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Re: Cash Back = Cash Advance?

Like Lexie said, it's not a cash advance.

However, I don't think you get any rewards on that. At least I think I didn't get any rewards for that. 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Moderator
Posts: 27,206
Registered: ‎09-13-2012
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Re: Cash Back = Cash Advance?

No rewards and I believe the amount if cash back is limited .
Valued Contributor
Posts: 1,302
Registered: ‎07-07-2013
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Re: Cash Back = Cash Advance?

The options are $20, $40 and $60. 

 

Note: This is the 456th post of mine. :smileyvery-happy:

Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
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Re: Cash Back = Cash Advance?

I have only used it at Ralph's a couple times. Each time the maximum it would let me cash out was $40.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Valued Contributor
Posts: 1,063
Registered: ‎07-09-2013
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Re: Cash Back = Cash Advance?

[ Edited ]

Wouldn't a "cash back" transaction just be a regular purchase with an additional $20 or whatever added or top? If this is the case discover will see it as a purchase and reward with cash back wouldn't it?


   3/12 $3500     6/12 $1200      10/12 $1500   12/12 $3400    6/13 $12000      7/13 $5000      7/13 $2500       8/13 $2000    8/13 $6000

  | CSP (AU) $12,000 | Amex PRG (AU) | United $6,000 | OCCU $12,000 | Ink Bold | GM $3,200 | DCU $7500 | Luthansa $9000 | SPG $6,000 | Citi AA Executive $11,000 | Ink Plus $5,000                                                                         | EX 2/7 697 | EQ 10/27 721 | TU 12/15 719 |

Moderator
Posts: 27,206
Registered: ‎09-13-2012
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Re: Cash Back = Cash Advance?

Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
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Re: Cash Back = Cash Advance?

Like lexie said, the transaction is broken down into 2 components. You will see just 1 charge, but when you click on it and expand on the details, it will state the amount of your purchase and the amount you withdrew as cash.
JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
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