What happens to leftover cashback when you cancel a card? - Seedly
Seedly logo
Seedly logo
 

Savings

Cashback

Credit Cards

Anonymous

Asked on 10 Jan 2020

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?

0 comments

3 answers

Answer Now

Answers (3)

Sort By

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.

0 comments

ūüĎć
0
Thank You!
Can you clarify
I wonder if
This is so helpful ūüĎć
What about
Post
YewFong Chua
YewFong Chua
Level 4. Prodigy
Answered on 11 Jan 2020

Normally, the cashback for credit card will offset your current month credit card bill. Don't think it can celling for another better card.

0 comments

ūüĎć
0
Thank You!
Can you clarify
I wonder if
This is so helpful ūüĎć
What about
Post
Gabriel Tham
Gabriel Tham, Tag Team Member at Kenichi Tag Team
Level 9. God of Wisdom
Answered on 10 Jan 2020

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.

0 comments

ūüĎć
0
Thank You!
Can you clarify
I wonder if
This is so helpful ūüĎć
What about
Post