the richest man in atherstone

I recently got caught out by the Terms & Conditions of the new Capital One Cashback Credit Card that offers 4% cashback for 3 months followed by 1% thereafter.

Having used it to make deposits to play Bingo while testing out my "Double £15 To £30 In 30 Minutes" method, I was surprised to find I had been charged a £3 "Cash Advance Fee" for the two transactions.

So I gave them a call and asked them to explain why I had been charged. I was informed that any gambling transaction is accounted for as a cash advance. I replied that I could see no mention of it in the terms & conditions so the helpful advisor directed me to section 22 where it states:

"...'cash withdrawal' means...any transaction where you...carry out a transaction where payment is made to an establishment that is identifiable as carrying on gambling and the purpose of the transaction is payment for gambling activity..."

Of course he was correct and I couldn't really argue as much as I would have wanted to. So I've got to put this one down to experience. None of my other credit cards charge me a fee for this type of transaction so I'll certainly be going through the T&C's a lot more thoroughly in future.

Despite this, I still think the card is a good thing to have and when I've finished the cashback I receive will far outweigh the cost of this little mishap. I've been burned - Don't let it happen to you