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  1. #1
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    Default Buy with credit card, return for cash?

    Are there any stores that allow you to buy with a credit card and return for cash? I see this has potentially having two benefits. I get cash instead of taking a cash advance. The second benefit is the rewards I would get. I don't see why any credit card issuer would care because there's no difference to them since they still got their processing fees for the purchase. Am I right?
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    Centurion Member Mogul of Pineapples's Avatar
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    Tonight I returned something for $17 at Whole Foods that I bought with a credit card and I was given cash in return, but something tells me you are after much bigger amounts than that!
    Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

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    Centurion Member Cucumber's Avatar
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    I don't think there are any stores that will do this for any decent amount of money.
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    Quote Originally Posted by flixer View Post
    I don't see why any credit card issuer would care because there's no difference to them since they still got their processing fees for the purchase. Am I right?
    Often they refund the fees to the merchant for returns. So, no, they do not still get their fees!

    The reason card companies charge more for cash advances is because their risk is higher. If you figure out a way to get cash from your card without paying interest right away, you can bet that the scam won't last very long. People figure out those things all the time and exploit them for a while but the card companies eventually find out what was going on and close the gaps.
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    Quote Originally Posted by Mogul of Pineapples View Post
    Tonight I returned something for $17 at Whole Foods that I bought with a credit card and I was given cash in return, but something tells me you are after much bigger amounts than that!
    Was it pineapples?
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    Centurion Member Mogul of Pineapples's Avatar
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    Quote Originally Posted by jeffysdad View Post
    Was it pineapples?
    Ha! No but with the prices Whole Foods charge, I wouldn't be surprised if $17 is the price of a pineapple there! I buy my produce at Trader Joes. The only things worth buying at Whole Foods are what you can't get find anywhere else.
    Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

    Current Cards:
    American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
    Primary Everyday Card: American Express Blue Cash
    Primary Travel Card: Chase Sapphire Preferred
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  7. #7
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    I dint know about this is it true ??
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