Anonymous
What happens to leftover cashback when you cancel a card?
I'm using a cashback card, and am thinking of cancelling it for another better card. What happens if my existing card still has cash value in it from cashback, can the amount be refunded to me?
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Pang Zhe Liang
11 Jan 2020
Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)
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YewFong Chua
11 Jan 2020
Security Engineer at Fujitsu Asia Pte Ltd
Normally, the cashback for credit card will offset your current month credit card bill. Don't think it can celling for another better card.
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Gabriel Tham
10 Jan 2020
Tag Team Member at Kenichi Tag Team
You cannot withdraw cashback rebates in the card. If you cancel it is forfeit.
Just use it to offse...
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Check the terms and conditions of your card.
In most cases, any rewards in the card (in your case cashback) that is not utilised will be forfeited upon termination of the facility itself.
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