When I went to my local bank a few months ago, I was told that if I wanted cash back, I had to use their credit card to pay off the balance.
When I looked at the fine print of the card, it read, “You must be at least 30 days past due and must pay by card.
Cash back may not be applied to purchases.
No cash back may be issued after you have used your card for six consecutive months.
No redemption of cash back will be accepted.”
What does that mean?
That means that the bank will charge a 0% fee for every month you pay a balance back and it will not honor your cash back request after six months.
I called the bank to find out what was going on, and the representative told me that this was not a problem.
But when I inquired further, she said that the policy only applies to the customer’s credit card.
So I called a few more banks and they confirmed the same thing.
After some research, I found that the card that they were charging me for my credit card is actually the Westgate credit cards credit card which was originally issued by ExxonMobil.
ExxonMobil has a policy that says that if you pay back the balance on your credit card within six months, the balance will be automatically deducted from your balance.
Exxon also has a $5,000 cash back offer that is not available for credit cards.
I spoke with a representative from the card company and they said that it is not a big deal, but they did tell me that the credit card was issued by the card holder and not Exxon.
When they were told that I had a Westgate card, they said they did not know if the balance was being used for that reason.
I was really concerned about the consequences of using a Westga card to make a purchase, so I called them and they agreed that it would be a good idea to ask for the balance to be removed from my account.
But I was concerned that the $5K offer was only for those who could afford to pay the $2K fee.
After the call with the card companies representatives, I finally found out the real reason why the Westga cards credit cards do not allow cash back and the real issue that I have with the Westgas credit card: they are the same card.
I went ahead and paid my balance on my Westga credit card the same day that I purchased the purchase from my Exxon account.
Now, when I pay my Westgas account, I can immediately transfer that balance into my Exxon card.
In addition, Westga offers a $10,000 credit for any unused balance on a Westgas card.
If you choose to take advantage of the West Gas credit card offer, you will be able to use your Westgas balance to pay for gas, gas station purchases, gas purchases, etc. But if you choose not to use the WestGas credit card balance, you cannot make purchases on Exxon’s websites, and your Exxon account will not be charged any interest.
What should I do now?
If you have a Westgates credit card or an Exxon card, you may want to contact your card issuer and ask them to change the terms of the credit agreement that they have with your card company.
If they do not want to change it, you should go to your bank and request a change of terms.
It is important that you do not cancel your card, but it is also important that when you do, you contact your credit reporting agency and ask for a copy of the agreement so that you can file a complaint.
If the credit reporting agencies have not changed the terms yet, it is recommended that you contact the credit monitoring service that you have with them.