Cashback from visa credit card?
Is it possible to do a cash back transaction in a store from a visa credit card?
it is possible, but I don't know of any place that would do that for you. Merchants generally have to pay around two percent on every Visa transaction, so they are not likely to give you any cash back. It also puts them at risk of losing the money if you dispute the transaction.
You can do it using a debit card.
If you have a PIN and a cash advance limit, you could get funds at an ATM or with a teller at most banks.
December 30th, 2008 at 2:31 pm
it is possible, but I don't know of any place that would do that for you. Merchants generally have to pay around two percent on every Visa transaction, so they are not likely to give you any cash back. It also puts them at risk of losing the money if you dispute the transaction.
You can do it using a debit card.
If you have a PIN and a cash advance limit, you could get funds at an ATM or with a teller at most banks.
References :
December 30th, 2008 at 3:21 pm
Maybe, but what store would do that for you??…go to an ATM
References :
December 30th, 2008 at 4:04 pm
Like was previously pointed out, since the store has to pay transaction fees based upon the total charged to the credit card, there is no incentive for the store to give you cash back. The only other option I can think of would be to get an actual cashback rebate for buying an item. There are stores that offer such like the one below.
References :
http://mycashbackshop.com