Reply
New Member
Leahgrace
Posts: 3
Registered: ‎09-20-2012
0

Question about discover cash back at register

Silly question, but how does this work? Will I have to enter a pin or will it be like a normal transaction where I just sign but don't need a pin? Also, is the 120 max per day, or per billing cycle?? Thanks.
Valued Contributor
RyVision
Posts: 1,346
Registered: ‎04-15-2011
0

Re: Question about discover cash back at register


Leahgrace wrote:
Silly question, but how does this work? Will I have to enter a pin or will it be like a normal transaction where I just sign but don't need a pin? Also, is the 120 max per day, or per billing cycle?? Thanks.

 

No pin required, you just hit the "yes" button when it asks if you want cash back,  then sign as usual.  The 120 max per day is up to your cash limit I do believe.

Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Question about discover cash back at register

remember this usually counts as a cash advance and can start charging interest from day 1 with a few cards just make sure before you do it if you care.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Valued Contributor
RyVision
Posts: 1,346
Registered: ‎04-15-2011
0

Re: Question about discover cash back at register


distantarray wrote:

remember this usually counts as a cash advance and can start charging interest from day 1 with a few cards just make sure before you do it if you care.


 

No, it doesn't usually count as a cash advance, it's treated as a purchase but is only allowed up to the cash advance limit.

Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011
0

Re: Question about discover cash back at register


RyVision wrote:

distantarray wrote:

remember this usually counts as a cash advance and can start charging interest from day 1 with a few cards just make sure before you do it if you care.


 

No, it doesn't usually count as a cash advance, it's treated as a purchase but is only allowed up to the cash advance limit.


different credit cards have different rules, so ymmv but it does and can happen to a lot of people. it all depends on how the transaction is coded.


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Valued Contributor
kevinjjc
Posts: 1,331
Registered: ‎01-14-2009
0

Re: Question about discover cash back at register

Like others have said, this is not considered a cash advance. It's one of the many Discover card features. For more info, google "Discover card Cash Over".
Established Contributor
ccnewcc
Posts: 560
Registered: ‎09-29-2012
0

Re: Question about discover cash back at register


kevinjjc wrote:
Like others have said, this is not considered a cash advance. It's one of the many Discover card features. For more info, google "Discover card Cash Over".

+1

 

Not a CA.  

Blogger
HiLine
Posts: 2,949
Registered: ‎10-19-2012
0

Re: Question about discover cash back at register


RyVision wrote:

distantarray wrote:

remember this usually counts as a cash advance and can start charging interest from day 1 with a few cards just make sure before you do it if you care.


 

No, it doesn't usually count as a cash advance, it's treated as a purchase but is only allowed up to the cash advance limit.


Interesting ... Do you earn cash back rewards on that? 

Contributor
kekrre
Posts: 91
Registered: ‎10-31-2012
0

Re: Question about discover cash back at register


distantarray wrote:

RyVision wrote:

distantarray wrote:

remember this usually counts as a cash advance and can start charging interest from day 1 with a few cards just make sure before you do it if you care.


 

No, it doesn't usually count as a cash advance, it's treated as a purchase but is only allowed up to the cash advance limit.


different credit cards have different rules, so ymmv but it does and can happen to a lot of people. it all depends on how the transaction is coded.


Yeah, Discover is the only network that offers this. It get coded (always) as a purchase. They market it directly on their network website (i.e. to other issuers):

 

http://www.discovernetwork.com/financial-institutions/enhancements/cash-over.html

 

The question is, what is the limit per customer. My card has no cash access line and I have yet to try to take out any cash, but I'll give a try next time I'm at Big Y or Walmart. If I can take cash out, it's not tied to a cash access line. Since you pay purchase APR on it, I don't believe there's any reason for it to be tied to the cash line.

 

On the other hand, it's very probable that Discover knows exactly what you're doing and will shut you down if you start taking out lots of cash. I'm also not certain if you get the cashback bonus on the cash over transaction. However, if you PIF, it's no different than getting cash back on your debit card, which I've always found very convenient.

Valued Contributor
trumpet-205
Posts: 2,494
Registered: ‎11-11-2010
0

Re: Question about discover cash back at register


HiLine wrote:

Interesting ... Do you earn cash back rewards on that? 


You don't.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}