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Do I earn cashback on a credit card credit?

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IcyCool7227
Regular Contributor

Do I earn cashback on a credit card credit?

Hi all, I have a $647.05 credit from a refund on Amazon Prime Store Card. Would I get 5% cashback if I made purchases using that credit or only if the balance goes above zero? In that case then it would be better to request a check.

As of: 3/28/24:

EQ: 785 (prev. 778 on 2/6/24; 773 on 1/26/24 & 750 on 1/7/24 & 626 on 6/7/24 & 652 in April 2023) - FICO 8
EX: 763 (prev. 755 on 2/6/24; 753 on 1/26/24 & 732 on 1/7/24 & 643 on 6/7/24 & 619 in April 2023) - FICO 8
TU: 759 (prev. 748 on 2/6/24; 744 on 1/26/24 & 689 on 1/7/24 & 6/7/24 & 654 in April 2023) - CreditKarma

Have:
- Amazon Prime Store Card: $5,000
- Capital One SavorOne Cash Rewards: $1,200
- Chase Freedom Flex: $500
- Discover it Cashback: $2,000
- Kohl’s Charge: $3,000
- Super Cash: Limit varies based on debit balance - doesn't show up in accounts anymore though on CRs.
- Zolve: Shows up but have not set up yet as no money has been put on the account.
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3 REPLIES 3
DONZI
Established Contributor

Re: Do I earn cashback on a credit card credit?

Any purchases paid for by the statement credit would be earning cashback..

 

AFAIK the only difference is that you'll have $647.05 of instant payment of any new posted transactions.

2014 credit2020 credit2021 credit2023 credit
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[2020-12-09]=[EQ8|786]-[TU8|746]-[EX8|772] .... gardening until I can't (again).
[2023-10-01]=[EQ8|797]-[TU8|776]-[EX8|775]
Message 2 of 4
NoMoreE46
Community Leader
Senior Contributor

Re: Do I earn cashback on a credit card credit?

Great question @IcyCool7227 !

 

If the refund was in the form of an Amazon credit, then Yes.   However, as the refund in your case was posted back to your Amazon Store card (Sync) then No.  Sync will claw back that 5%.   

 

Here is a screen shot from an Amazon return that acknowledges the former.

(Note the Red underlined):

 

 

Amz return.png

 

 

  

Message 3 of 4
Shooting-For-800
Senior Contributor

Re: Do I earn cashback on a credit card credit?

You lost the 5% you originally got with the purchase your refunded.  You would then get that 5% back if you made another purchase.

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $500k unsecured credit in 2024.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!



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