Credit Card Minimum Spend / Points

Schema on 14/01/2019 - 08:12

Hi All.

So you probably see these come up every month or so.

I currently have a few cards, i have met the minimum spend on both, by booking a fully refundable hotels.com room for about ~3k each to be safe, Probably spent about 70% of the spending limit on both, but wanted to make sure i'd get the points.

So when i cancel these bookings, do i do it before or after i close the card? And has anyone heard of them clawing back the points after being cancelled / not meeting the spending limit after receiving a credit for a purchase?

Financial Credit Card

Comments

  • Gotham15 on 14/01/2019 - 10:00
    +1

    If they refund they will only usually do it to the card you paid with - so you have to keep it open. Some banks will auto adjust the refund and minus the points into negative

    • Schema on 14/01/2019 - 10:44

      Including the bonus 80k~ Ponts? or just the point spending which will be like 3k.

      • resubaehtgnolhcs on 14/01/2019 - 11:03
        +1

        all associated points will be void if you get a refund of any purchases on the card

        • Schema on 14/01/2019 - 11:16

          How does everyone else get away with it then? I'm just looking for clarification as people suggest this in many threads

          • resubaehtgnolhcs on 14/01/2019 - 11:48
            +1

            @Schema: I guess you would have to redeem your points first, and then cancel your card/process refunds

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