» If I get cashback on my credit card along with a purchase at a supermarket, do the c.card company charge me?

If I get cashback on my credit card along with a purchase at a supermarket, do the c.card company charge me?

No. Indeed the bank will take care of that.
If you purchase item X using Y banks credit card, the cash-back amount will be paid to the bank Y to company X.
Since it is an transaction in Bank Y. they get profited from that.

This entry was posted on Thursday, January 1st, 2009 at 4:36 am and is filed under Cashback Cards. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “If I get cashback on my credit card along with a purchase at a supermarket, do the c.card company charge me?”

gb_goutam Says:
January 1st, 2009 at 10:00 am
No. Indeed the bank will take care of that.
If you purchase item X using Y banks credit card, the cash-back amount will be paid to the bank Y to company X.
Since it is an transaction in Bank Y. they get profited from that.
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