Capital One 4% Cashback on Mastercard - First 3 Months - HotUKDeals
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This is my first post so please go easy on me.....

Capital One have got a 4% Cashback offer on their credit card.

If a direct debit is setup to pay the balance in full each month it is possible to use the card as a current account.

It is also possible to get an additional card for other members of the family to use and, if used wisely, it is possible to receive £££££'s in cashback.

Basically this is money for nothing!!

This is not a post to promote credit, however if used wisely this can be very lucrative !!


Good Luck
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#1
only for first 3 months
#2
voted hot as there are not many offers like this, i bet its capped tho like others, nice find tho mate, will be signing up for it. as it is money for nothing!
#3
tesco credit card has a good clubcard (cashback) rate too. even more if you use it in tesco stores.

be careful you are not caught out with heavy charges if you are late paying your balance.
#4
Voted cold. Avoid this terrible company!

I've had nothing but charge after charge from these people. Even if i send a payment early/ontime i still get a late payment charge of £12! each month, so often so they are also hitting me with over limit charges at the same time, when its their late payment charges taking me over the limit.

My limit is £200, i've hardly used my card at all and on my latest bill it's saying i owe over £200 in added charges.

I filed to have the charges returned (when we did it with the bank at the same time) all they did was credit the charges back onto the account, and since have taken most of it back in new charges.

When i lasted questioned all of these charges the lady at the other end said that they don't want their customers to be within their card limit, and that if you get close to your card limit with high payments they lower your payments to keep you above the limit, then give you a charge for not paying enough. I also have a letter from them stating the same thing, i just can't find it to type it word for word.

Just avoid this dirty theiving company!

What's in your wallet? not much thanks to these...
#5
Picked this up last time it was mentioned on this forum.

4% cashback for 3 months, 1% thereafter.

Read on MSE that if you gook a holiday using it then you get free annual travel insurance too.

Just made my first payment, no problems, no fees charged.

Cashback is paid in January each year.
#6
I am sure this payment will be refunded if your payments were definitely not late!

I really do suggest monthly DD !!!!

I have had no trouble in anyway. In fact their customer services (call centre) is excellent !!!!
#7
philmywallet
I am sure this payment will be refunded if your payments were definitely not late!

I really do suggest monthly DD !!!!

I have had no trouble in anyway. In fact their customer services (call centre) is excellent !!!!


All my payments go to them via DD! I've never made a late payment at all, but get the £12 charge every month and then the over limit charge too.

I've had this problem for the past few years and stopped using my card over 2 years ago, and am still paying them back, even though my limit is £200 and i only used the card once or twice for a weekly shop at sainsburys!
#8
This is actually a very good deal, if you plan some large purchases in the next 3 months. As the posters say, buy a car for £3000 and get £120 back. Get a holiday for £2000 and get £80 back. Not bad for free :thumbsup:
#9
azza87
All my payments go to them via DD! I've never made a late payment at all, but get the £12 charge every month and then the over limit charge too.

I've had this problem for the past few years and stopped using my card over 2 years ago, and am still paying them back, even though my limit is £200 and i only used the card once or twice for a weekly shop at sainsburys!


Complain, then take it to the FSA is they muck you about.
#10
Pontiac
This is actually a very good deal, if you plan some large purchases in the next 3 months. As the posters say, buy a car for £3000 and get £120 back. Get a holiday for £2000 and get £80 back. Not bad for free :thumbsup:


Doubt they'll give you a limit that high from the start!
#11
They did for me !!!
#12
Absolute sh*te company... used to work for them.... they rip sub prime people off to bits! If your poor..... your going to get even more poor with this card!

They have tried to market it as a platinum card - heck every Tom, Dick, Harry and Sally have a dam Platinum card now it don't make a difference!
#13
azza87
so often so they are also hitting me with over limit charges at the same time, when its their late payment charges taking me over the limit.



Just avoid this dirty theiving company!

What's in your wallet? not much thanks to these...


Without wanting to be controversial, if its their charges-whether interest or ppi or late payment fee's that take you over the limit, they do give you something like 18 days to pay the overlimit amount before hitting you with an overlimit fee.
But as has already been said, if you have a dd setup for the minimum amount then you should not be getting late payment fees, so keep pursuing it with them.
#14
mikeyp
Doubt they'll give you a limit that high from the start!


My partner and i have this card and they gave us a limit of £7000 to start-no balance transfers involved. We do have impeccable credit rating tho, never missed payments, always clear full balance by due date.
If you are wanting to go with this card, make sure that you do clear it in full so as not to incurr interest!!:-D
#15
Terrible company !

Avoid at all costs.
#16
It's worked fine for me for the last couple of months...set up dd and pay in full each month.
if you can't and may be late..don't do it
#17
I DD the full amount each month and am already 300 quid up in the first 2 months - payment of the cashback in Jan will be an added bonus as I can then close it so I am eligable for the next cap1 offer :)
#18
Is there a limit to the amount of cashback you can earn, I can't see one.
#19
jojo1978
My partner and i have this card and they gave us a limit of £7000 to start-no balance transfers involved. We do have impeccable credit rating tho, never missed payments, always clear full balance by due date.
If you are wanting to go with this card, make sure that you do clear it in full so as not to incurr interest!!:-D


Ended up going for the Barclaycard 0.5% cashback (2% on petrol) card.

Bit dubious about Capital One, seems abit of a mixed bag.
#20
Have had the Capital One card for 2 months, no problems whatsoever
#21
Benjimoron
Is there a limit to the amount of cashback you can earn, I can't see one.


There is no limit on how much cash back you can earn in the first three months. I have had it two months, with an immediate £7,000 credit limit. Pay the outstanding balance in total each month, no charges.
If you are not organised or prompt at paying off the card - don't get one.
If you can manage your money well, I recommend this card.
As things stand at the minute, I stand to make around £400 cash back for no work at the end of the three month period!

I also have an Egg Money 1% cash back card, but this is capped at £200 per annum.

I never pay cash or use cheques, I make the cards work for me and pay off in full every month.
#22
Snomaes
There is no limit on how much cash back you can earn in the first three months. I have had it two months, with an immediate £7,000 credit limit. Pay the outstanding balance in total each month, no charges.
If you are not organised or prompt at paying off the card - don't get one.
If you can manage your money well, I recommend this card.
As things stand at the minute, I stand to make around £400 cash back for no work at the end of the three month period!

I also have an Egg Money 1% cash back card, but this is capped at £200 per annum.

I never pay cash or use cheques, I make the cards work for me and pay off in full every month.


Big spender that means you spent £10k in 3 months!!!!!
#23
I've applied, got a funny feeling I'll get turned down tho. I spend a large amount so this could be a really good deal!

I pay my mortgage on my credit card to earn clubcard points. This'd be £100 back just for paying mortgage on it for the three months.
#24
mikeyp
Big spender that means you spent £10k in 3 months!!!!!


Correct, I have some big capital purchases to make before the end of the year, so I have timed them to coincide with the card offer.
#25
i use my card for food, petrol, everything..but pay in full each month..no charges and get cashback.
but if you pay your mortgage with a credit card, surely that is treated as a cash withdrawal with horrendous day one charges and interest which you can't overcome by paying in full each month, and is unlikely to be compensated for by any points etc.?

cash withdrawals from a credit card are the devil's work
#26
I have this card from the previuos deal a few months ago. I use it for all purchases, about £100 cashback up on it now. Pay it off full every month in plenty of time. no problems.£6000 limit. Didn't have any major purchases but still not bad.:)
#27
i've been paying my mortgage on my tesco credit card for like a year now and not had any charges, it's just another bill isn't it?
#28
Benjimoron
i've been paying my mortgage on my tesco credit card for like a year now and not had any charges, it's just another bill isn't it?

It is just a bill for you, but the credit card company charges the company that sell you the goods or service (the mortgage provider) a percentage for the use of the card for the transaction.

I would have thought that most companies would pass that charge onto the person using the credit card, as on the value of an average monthly mortgage payment, it would be around £30 minimum and they have no way of recovering it in any other way.

If you are using your card in this way, kudos for you. You are really making the most of having a credit card.
#29
Benjimoron
i've been paying my mortgage on my tesco credit card for like a year now and not had any charges, it's just another bill isn't it?


Thats ace! Gonna have to check with Barclaycard if they allow this :-D

Benjimoron
I've applied, got a funny feeling I'll get turned down tho. I spend a large amount so this could be a really good deal!

I pay my mortgage on my credit card to earn clubcard points. This'd be £100 back just for paying mortgage on it for the three months.


I got turned down about 4 months ago for these despite having a squeaky clean credit history. Sent for my Experian report to check it. Loads got turned down from the last thread. Luck of the draw.
#30
Would've thought it's more down to how the mortgage company put it through. Worth checking with both I guess, or try it once and see if it works. That's what I did. I pay my council tax like this too. Worth it for extra cashback!
#31
My 3 months are up now, but as all our family spend is in one pot anyway, I have got my wife to apply for a card, with me as an additional card holder. This is going through as already approved!!

Looking forward to another 3 months 4% cashback !!!
#32
Got this 2mths ago as we just moved house. Have spent the limit in each month and paid back by DD no probs. THe cashback should help us recover from xmas lol.
#33
philmywallet
My 3 months are up now, but as all our family spend is in one pot anyway, I have got my wife to apply for a card, with me as an additional card holder. This is going through as already approved!!

Looking forward to another 3 months 4% cashback !!!



Are you sure you'll get 4% again? Probably something in the t&c's to say you can't get 4% if you've held a card with them in the last 12 months.
#34
Benjimoron
Are you sure you'll get 4% again? Probably something in the t&c's to say you can't get 4% if you've held a card with them in the last 12 months.



We were completely honest when applying, and they advised this is classed as a seperate application, and the 4% cashback will apply.
#35
Should also add to get this card you need to have had another credit card for at least 5 years.

https://www.capitalone.co.uk/images/vision/card/card_lus_pop_02.jpg
#36
[COLOR="Red"]Warning[/COLOR]: [COLOR="Red"]Do NOT use this card on any gambling sites including Bingo[/COLOR], Capital One treats such transactions as cash advances, you will not just be charged 3% cash advance fee (Minimum £3), also incurring interests charges from Day 1.

I have been stung, surely not wish any of you suffer the same!
#37
As far as I know all credit cards will charge as cash advances for gambling. That's nothing new tho is it? Been like that for a couple of years I think. Fair enough tho.
#38
Benjimoron
As far as I know all credit cards will charge as cash advances for gambling. That's nothing new tho is it? Been like that for a couple of years I think. Fair enough tho.

Not with some of my other credit cards though, that makes Capital One put themselves in a worse position. :whistling:
#39
I have been stung, surely not wish any of you suffer the same!


just checked my capital one card, and I've been stung too. I had no idea that online gambling sites are treated as cash advances.
#40
cap 1 started charging a few months ago - cheek if you ask me, is not as it they aren't also getting their percentage form the bookie. AFAIK best credit cards for bookies are barclaycard and nationwide

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