topic Discover in Credit Cards

Discover

corymcd88 — Fri, 30 Jun 2017 20:27:29 GMT

I was at Sams Club today and it asked me if I wanted cash back, is that like a cash advance?

Re: Discover

austinguy907 — Fri, 30 Jun 2017 21:20:30 GMT

Cash back at a POS is considered a purchase.

Re: Discover

Anonymous — Fri, 30 Jun 2017 22:43:05 GMT

"Your regular purchase APR applies to the cash you get and there are no hidden fees."

https://www.discover.com/credit-cards/member-benefits/cash-over-purchases.html

Re: Discover

Anonymous — Sat, 01 Jul 2017 00:50:47 GMT

@austinguy907 wrote:
Cash back at a POS is considered a purchase.

This is probably a really dumb question, but if CB at the POS is a purchase, wouldn't getting a bunch of CB and depositing it back into your bank account (thus allowing you to do it again) allow one to artifically inflate their spend on a card for spend bonus hitting and such?

Re: Discover

joltdude — Sat, 01 Jul 2017 01:11:24 GMT

Cashover at POS doesnt quite work that way.. No rewards and also does not count toward spend if i remember correctly....

Disco knows you got cashover and that part of the purchase = no rewards points..

Re: Discover

AverageJoesCredit — Sat, 01 Jul 2017 01:31:07 GMT

Hark the credit angel sing if that was permitted MyFico would put Disco out of business

Re: Discover

Anonymous — Sat, 01 Jul 2017 05:23:19 GMT

@joltdude wrote:
Cashover at POS doesnt quite work that way.. No rewards and also does not count toward spend if i remember correctly....
Disco knows you got cashover and that part of the purchase = no rewards points..

Yeah, I wouldn't have assumed one could obtain rewards that way... I just thought if it was coding a request for CB at the POS as a purchase that it could possibly go toward your spend. It makes sense that there'd be a way that it wouldn't, though.