How to pay for goods and services online using a credit or debit card, or to use online shopping to get cashback on an item or service?
A lot of people would find this advice interesting, but the truth is it’s probably not as straightforward as it sounds.
The basics of how to use your credit card to get money back or use a debit card online:1.
How much is the maximum you can withdraw?
If you want to use the card to pay bills, travel and make a purchase, the limit is usually 1.8 per cent of the value of your purchase.2.
When can I withdraw?
The amount you can make is set by the bank, but in most cases you can spend up to 5 per cent.3.
Can I pay for a small amount at a time?
Yes, if you make a payment each time you make an order, you can earn cashback by paying with your credit or credit card.4.
Can you withdraw cash back from a debit or credit balance?
Yes you can, but only if the transaction is over $10,000.
How do I make a deposit?
You can make a direct deposit to your card, using a debit, credit or PayPal account.
But be warned, it may take up to 24 hours to be credited.
How often can I make purchases?
The minimum daily expenditure limit for purchases is $1.
You can make up to $100 from one payment, and up to a maximum of $1,000 from a second or subsequent payment.
What is the limit on the amount of cash I can use with my credit or bank account?
The limit on cash you can use for transactions is $100.
How long do I have to spend my cash on transactions?
If your card is a Visa card, you have a limit of $500,000 in cash.
However, if your card has a lower balance, you will only be able to spend up $100 for a single transaction.
How can I earn cash back on purchases?
You earn cash backs from your purchases with your bank, credit card or PayPal card.
But it’s important to keep in mind, cashbacks are calculated using a ‘reward’ model.
How does my credit card work?
It’s like a credit union, but it’s also used to pay off debt and make payments on your behalf.
Your credit card is also called a ‘cardholder number’ and can be found on your credit file.
You can use your card to make purchases, pay bills and pay other bills online.
What are the terms of my credit cards?
You’ll be able make a few cashback transactions if you meet the terms and conditions.
Can the cash I earn on my card be used to make cashback?
Yes it can.
You’ll earn cashbacks on every purchase made.
However you’ll only earn cash if you use the money to pay a bill or make a cash deposit.
How many times can I use my card?
You must spend the money within 14 days, or you can pay a late fee.
What if I lose my card and need to reissue it?
You may be able reissue your card if you don’t make the right payment.
But remember, you’ll still have to pay the fee.
If you’re concerned about the amount you’ll be required to pay, check with your card issuer.
Can my card expire or be cancelled?
Cardholders can lose their card if their account is closed due to a legal or tax issue, or if they’ve been charged a late fees.
How to change the card?
Once your card expires, you need to contact your card company to request a new card.
This will only happen if you’ve paid off the balance and made the right payments.
If your card hasn’t been cancelled, you may need to make payments online or by phone.
How will I know if I’ve made payments or if I’m being charged a fee?
If the card hasn