Cash back credit card

**Fred Bloggs** · 19 October 2010, 10:43

I don't know, but collecting Air Miles (or similar) might be worth thinking about instead. I have a Shell card which I get Air Miles off and I pay for the Shell fuel with a Tesco Platinum Visa Card that also gives me Air Miles, i.e. double the Air Miles. That's just an example. I use Air Miles often for payment of a hire car when on holiday but I have used the Air Miles for flights too. It is surprising how many Air Miles you get in a year when everything you spend gets Air Miles for you.

**northernladuk** · 19 October 2010, 10:48

I would, it cost you £1k, you have a receipt for 1k which is evience of purchase. How will they know you go cashback? nothing on the paper trail evidences this so they only way it would come to light is if you raised it. If you are taking the piss enough to make this anything more than neglible then you are gonna get investigated for that first before claiming cashback. I am sure HMRC are not in the business of chasing personal cashbacks. If they did I am sure they would make a rod for their own back as the would have to find a way to tax you on the benefits of airmiles, hotel points and so on.

There are plenty more people out there screwing HMRC over for a lot more via a lot dodgier processes so I wouldn't lose sleep over it. If you are putting 3k a month through this method I would re-asses your procurment process before hector comes and has a look but for the odd 1 off purchase then I wouldn't worry.

**northernladuk** · 19 October 2010, 10:51

Originally posted by Fred Bloggs View Post

I don't know, but collecting Air Miles (or similar) might be worth thinking about instead. I have a Shell card which I get Air Miles off and I pay for the Shell fuel with a Tesco Platinum Visa Card that also gives me Air Miles, i.e. double the Air Miles. That's just an example. I use Air Miles often for payment of a hire car when on holiday but I have used the Air Miles for flights too. It is surprising how many Air Miles you get in a year when everything you spend gets Air Miles for you.

Agreed, I do the same. Also get it for my gas and electric and if you use the Airmiles website you can shop at Dixon's Curry's and host of major name online stores for points as well! Get in to the habit and as Fred B says they just roll in for no extra cost.. but anyway.. back to the topic

**Wanderer** · 19 October 2010, 21:02

Originally posted by manclarky View Post

I have a cashback credit card. If I pay for a legitimate business expense (say, a laptop for example) for £1000 with my personal credit card and the invoice shows £1000, then can I legally bill my company for £1000, even though my credit card company will give me 1% (£10) cashback?

Yes, sure you can. I know of businesses that put really big purchases through personal credit cards, apparently there is nothing wrong with this though if it's 10s or 100s of thousands then it might raise an eyebrow or two. If it's just a few grand then don't worry about it.

Also consider that if your company buys you business class airline tickets and you collect air miles which you use for free flights from time to time then this is perfectly legitimate too... Same scenario really.

**richy** · 21 October 2010, 21:36

Which cash back card are you using?

I've got Amazon.co.uk card, but that only gives me 0.5p for every pound cash back.. and that cash back is in amazon vouchers!

Cheers, richy

**Wanderer** · 21 October 2010, 22:04

Originally posted by richy View Post

Which cash back card are you using?

Check out the American Express Platinum cash back card... 5% for first 3 months and then 1.25% after that.

**richy** · 31 October 2010, 19:08

Looks good, except for the £300 per anum charge

Originally posted by Wanderer View Post

Check out the American Express Platinum cash back card... 5% for first 3 months and then 1.25% after that.

Looks good, except for the 300 per anum charge!

<https://www.iplatinum.americanexpress.com/prospect/uk/FrontServlet?request_type=ApplyForCard>

Terms:

# Have an Annual Household Income of £40,000 (i.e. your personal income plus partner’s income)
# Have a permanent UK home address
# Have no County Court Judgements for non-payment of debt
# If self-employed, you have been trading for over one year
# Pay an Annual Fee of £300

**MarillionFan** · 31 October 2010, 19:46

Originally posted by manclarky View Post

I have a cashback credit card. If I pay for a legitimate business expense (say, a laptop for example) for £1000 with my personal credit card and the invoice shows £1000, then can I legally bill my company for £1000, even though my credit card company will give me 1% (£10) cashback?

I assume not, but just want to know.

Thanks

Yes. Thats fine. I do it all the time. You spent £1k on your personal card, it's an expense, LTD pays you back £1k.

**Wanderer** · 31 October 2010, 23:04

Originally posted by richy View Post

Looks good, except for the 300 per anum charge!

There are two platinum cards, you're looking at the wrong card!

Platinum Cash back credit card is a normal credit card with a credit limit and an APR for unpaid balances. It gives you between 0.5% and 1.25% cash back, 5% in the first 3 months.

Platinum Charge Card. This one has to be paid off every month, and it has an annual fee of 300 pounds. They advertise "no preset spending limit" but what that actually means is "there is a limit but it's not preset and you have to ask us what it is because it changes every month". The spending limit on mine is just 500 quid because I never use it, I got fed up with places not wanting to take AMEX and making a fuss.

I keep the charge card because it comes with world wide business/family/winter sports travel insurance, car hire insurance, Priority Pass for airport lounge access and other benefits which may be useful if you stay in 5 star hotels a lot (which I don't but hey!).

Cash back credit card