Asked on 10 Jan 2020
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?
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.
Here is everything about me and what I do best.
Normally, the cashback for credit card will offset your current month credit card bill. Don't think it can celling for another better card.
You cannot withdraw cashback rebates in the card. If you cancel it is forfeit.
Just use it to offset your next purchase or bill first.
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