Not exact matches
Following fresh on the heels of Coinbase warning its customers that cryptocurrency
purchases made with
credit cards would be
treated as cash advances rather than as
credit purchases, Bank of America and JPMorgan Chase have just recently forbidden their
credit card customers from using their
cards to
purchase cryptocurrencies.
On April 11, how the bank
treated cryptocurrency
purchases on
credit cards as cash advances and charged unsuspecting customers high interest fees.
You can either choose to
treat your rebate offer like a reward for your wise spending throughout the year by
treating to a shopping spree courtesy of the rebate or you can consider all the great items you've
purchased throughout the year as the reward and use the rebate check to pad your savings account or make a dent on your favorite
credit card.
Debit
card purchases without PIN are
treated as
credit card purchases by merchants, and that includes ID verification.
If you
treat your
credit card like a debit
card... that is make sure you have the money to pay for your
purchases BEFORE you swipe then you will be fine.
Deposits from US Bank
credit cards are
treated as a
purchase, results may vary when using other
cards
The key is to check with the debit
card issuer to find out if they
treat debit
cards as
credit cards as long as you sign for your
purchase, rather than use your PIN.
Treat credit cards like a tool to improve your
credit score, allowing you access to better interest rates on large
purchases, instead of using them like extra cash to spend.
While I always advise to never
treat a rewards
credit card with a high APR like a loan, if something did happen where you had to put a big
purchase on a
card, your utilization on your personal
credit report would not be affected.
The following transactions are excluded from earning points: BPAY transactions, payments to the Australian Taxation Office (effective 2/11/2015) unless made using a Business Awards
card, balance transfers, cash advances (including a transaction treated by the Bank as a cash advance, for example, utility bills paid in person at a bank), purchases of foreign exchange, credit card insurance premiums, travellers cheques, interest charges, Qantas Frequent Flyer Direct fees, Bank fees, Card account payments, transactions deemed by the Bank to be for business purposes (excluding transactions on Business Awards, Business Gold Awards and Business Platinum Awards cards) and any other transactions which may from time to time be excluded by the B
card, balance transfers, cash advances (including a transaction
treated by the Bank as a cash advance, for example, utility bills paid in person at a bank),
purchases of foreign exchange,
credit card insurance premiums, travellers cheques, interest charges, Qantas Frequent Flyer Direct fees, Bank fees, Card account payments, transactions deemed by the Bank to be for business purposes (excluding transactions on Business Awards, Business Gold Awards and Business Platinum Awards cards) and any other transactions which may from time to time be excluded by the B
card insurance premiums, travellers cheques, interest charges, Qantas Frequent Flyer Direct fees, Bank fees,
Card account payments, transactions deemed by the Bank to be for business purposes (excluding transactions on Business Awards, Business Gold Awards and Business Platinum Awards cards) and any other transactions which may from time to time be excluded by the B
Card account payments, transactions deemed by the Bank to be for business purposes (excluding transactions on Business Awards, Business Gold Awards and Business Platinum Awards
cards) and any other transactions which may from time to time be excluded by the Bank.
Deposits from US Bank
credit cards are
treated as a
purchase, results may vary when using other
cards
American Airlines processes its own miles transactions (not Points.com) which means that the
purchase of miles will be
treated as a travel / airline
purchase by the
credit card companies....
Wire transfers, money orders, legal gambling
purchases and bail bonds are also often
treated as cash advances if paid via
credit card.
Leading
credit card networks and providers earlier changed the terms of digital currency
purchases which they now
treat as a cash advance with additional charges and higher interest rates, Bloomberg wrote.