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@DI wrote:Using the cashback feature with purchases doesn't earn rewards on the amount of the cash one received. You only receive rewards from purchases.
Too bad, although I'm not surprised. If that were true it'd be a pretty dumb move on Discover's part.
@KingAdrock wrote:
@DI wrote:Using the cashback feature with purchases doesn't earn rewards on the amount of the cash one received. You only receive rewards from purchases.Too bad, although I'm not surprised. If that were true it'd be a pretty dumb move on Discover's part.
My point exactly. That would be like Discover giving you cash for using its money.
They did not mention whether the interest starts accruing on the day of withdrawal or just like a regular purchase?
@ferrari wrote:They did not mention whether the interest starts accruing on the day of withdrawal or just like a regular purchase?
regular purchase... When I do it at the grocery, you don't see a charge for the grocery and a charge for your cash, it's one transaction for the total
@Creditaddict wrote:
regular purchase... When I do it at the grocery, you don't see a charge for the grocery and a charge for your cash, it's one transaction for the total
Good to know. And if we carry the balance, we get to charge the interest with purchase APR ... right?
One thing that I've never seen discussed is how "cash over" transactions are handled from a merchant perspective.
For example, suppose that I go to Safeway, make a $5 purchase, and specify $60 cash back.
I know that from a card user perspective, it's treated as a regular purchase. However, in such a case, does the merchant fee reflect the full $65?
I assume the answer is "yes", but don't know for sure.
@user5387 wrote:One thing that I've never seen discussed is how "cash over" transactions are handled from a merchant perspective.
For example, suppose that I go to Safeway, make a $5 purchase, and specify $60 cash back.
I know that from a card user perspective, it's treated as a regular purchase. However, in such a case, does the merchant fee reflect the full $65?
I assume the answer is "yes", but don't know for sure.
The merchant has to submit the transaction in a "cash over" field and from what I can see the limit is $100 and the merchant is not charged a % on that fee
@john398 wrote:
@user5387 wrote:One thing that I've never seen discussed is how "cash over" transactions are handled from a merchant perspective.
For example, suppose that I go to Safeway, make a $5 purchase, and specify $60 cash back.
I know that from a card user perspective, it's treated as a regular purchase. However, in such a case, does the merchant fee reflect the full $65?
I assume the answer is "yes", but don't know for sure.
The merchant has to submit the transaction in a "cash over" field and from what I can see the limit is $100 and the merchant is not charged a % on that fee
It works 100% like this. And you dont earn reward points on cash-overs because merchant fee dont get charged on them
Does this apply to all Discover cards or just teh Walmart/Sams Discover cards? And where can this be done? I saw in the thread that someoen mentioned Walmart, but is this an option at all places that accept Discover??
It applies to all Discover cards (not sure about the co-branded ones except for Walmart discover). And yes, you can get cash-overs at any place that does cash-back on debit cards (and accepts Discover ofcourse)..