Cashback rules have changed (for worse) | Page 2 | Neo Financial | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Cashback rules have changed (for worse)
January 18, 2022
3:18 pm
Norman1
Member
Members
Forum Posts: 5054
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

Generally, universities are not willing to absorb the costs of accepting tuition fee payments by credit card.

McGill refuses giving that explanation.

McMaster has an arrangement through Moneris to accept online tuition payments by MasterCard credit and Visa credit. Student will bear the merchant costs as Moneris will charge a convenience fee of 2¼%.

January 18, 2022
3:46 pm
HermanH
Member
Members
Forum Posts: 456
Member Since:
April 14, 2021
sp_UserOfflineSmall Offline

Years ago, UofAlberta allowed me to pay with Visa and without any additional charges. I do not know what their current policy might be.

January 18, 2022
4:48 pm
Norman1
Member
Members
Forum Posts: 5054
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline

HermanH said
Years ago, UofAlberta allowed me to pay with Visa and without any additional charges. I do not know what their current policy might be.

That policy is no more. They partnered with PayMyTuition and Plastiq for credit card tuition payments.

PayMyTuition charges 2½% for MasterCard and Visa. For AMEX, the fee is 3¾%.

January 18, 2022
8:17 pm
Loonie
Member
Members
Forum Posts: 8249
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

Tuition? Credit cards?
When I started university, credit cards weren't an option because they didn't exist! It wasn't even possible to amass credit card debt at exorbitant interest rates.

January 19, 2022
5:52 am
savemoresaveoften
Member
Members
Forum Posts: 1333
Member Since:
March 30, 2017
sp_UserOfflineSmall Offline

Loonie said
Tuition? Credit cards?
When I started university, credit cards weren't an option because they didn't exist! It wasn't even possible to amass credit card debt at exorbitant interest rates.  

when I was in university, they are actively promoting credit card as a mean to build ur credit score. My first card was actually an American Express and the annual fee was $35 ! Nowadays when I am no longer a poor student, I refused to pay a annual fee for at least the last 20 years+

p/s I cant never tell whether that card actually help me on my credit score or not lol

January 19, 2022
5:53 am
smayer97
Member
Members
Forum Posts: 534
Member Since:
September 29, 2017
sp_UserOfflineSmall Offline

Norman1 said
Generally, universities are not willing to absorb the costs of accepting tuition fee payments by credit card.

McGill refuses giving that explanation.

McMaster has an arrangement through Moneris to accept online tuition payments by MasterCard credit and Visa credit. Student will bear the merchant costs as Moneris will charge a convenience fee of 2¼%.  

That is the thing... most utilities, property tax, insurance, tuition, etc. that may be paid by CC typically will add a service fee to offset their cost. The great thing about CDN TIRE CC, there is no fee AND you collect rewards.

I agree, cash is top in my books too over "rewards" but, rewards is better than nothing at all. I collect hundreds every year.

No permission to create posts

Please write your comments in the forum.