Feb 6, 2021, 10:30 pm
Last edit by: RNE
In early Feb-2021, Chase sent email to credit card holders about the changes to the section of "Cash-like" Transaction of the Cardmember Agreement. The changes take effect 4/7/2021.
4. Important Definitions
• The "Cash-like Transactions" section within the Important Definitions section of your Cardmember Agreement is replaced to clarify and expand the definition as follows:
WHAT IT MEANS: Cash-like transactions will be treated as cash advances. Cash-like transactions include, but are not limited to, the following transactions to the extent they are accepted:
• purchasing travelers checks, foreign currency, money orders, wire transfers, cryptocurrency, other similar digital or virtual currency and other similar transactions;
• purchasing lottery tickets, casino gaming chips, race track wagers, and similar offline and online betting transactions;
• person-to-person money transfers and account-funding transactions that transfer currency; and
• making a payment using a third party service including bill payment transactions not made directly with the merchant or their service provider.
Data Point of Chase charging cash advance fees on any transactions (before and after 4/7/2021)
•
•
•
Data Point of any credit card banks that charge cash advance fees on popular payment systems (Paypal, Plastiq, Venmo etc)
• Cash advance at bank branch, from credit card
• Bond or bail posted at court and police station
•
Word to the Wise: It may be advisable to contact Chase ahead of time to reduce your cash advance limit to a minimum on the card you intend to use.
4. Important Definitions
• The "Cash-like Transactions" section within the Important Definitions section of your Cardmember Agreement is replaced to clarify and expand the definition as follows:
WHAT IT MEANS: Cash-like transactions will be treated as cash advances. Cash-like transactions include, but are not limited to, the following transactions to the extent they are accepted:
• purchasing travelers checks, foreign currency, money orders, wire transfers, cryptocurrency, other similar digital or virtual currency and other similar transactions;
• purchasing lottery tickets, casino gaming chips, race track wagers, and similar offline and online betting transactions;
• person-to-person money transfers and account-funding transactions that transfer currency; and
• making a payment using a third party service including bill payment transactions not made directly with the merchant or their service provider.
Data Point of Chase charging cash advance fees on any transactions (before and after 4/7/2021)
•
•
•
Data Point of any credit card banks that charge cash advance fees on popular payment systems (Paypal, Plastiq, Venmo etc)
• Cash advance at bank branch, from credit card
• Bond or bail posted at court and police station
•
Word to the Wise: It may be advisable to contact Chase ahead of time to reduce your cash advance limit to a minimum on the card you intend to use.
New Chase 'cash-like' terms March 31, 2021
Apr 21, 2021, 7:18 pm
#93
Suspended
Join Date: Jan 2017
Location: EWR/PHL/BWI
Posts: 4,412
Apr 21, 2021, 11:30 pm
#94
Join Date: Nov 2016
Location: SEA
Programs: DL DM
Posts: 289
I paid my 2020 federal taxes and 2021 Q1 1040 ES with my Chase WoH card, both went through normally. I contacted Chase ahead of time to reduce my Cash Advance limit to $100 on that card, so I was confident when it went through. My statement already closed for the estimated tax payment and I earned full points.
Apr 25, 2021, 11:44 am
#95
Join Date: Jun 2020
Posts: 170
May 12, 2021, 8:29 pm
#96
Join Date: Aug 2010
Location: ORD | MDW
Programs: AA Plat | United Silver | Hyatt Globalist | Hilton Diamond | Marriott Titanium | IHG Ambassador
Posts: 84
Looking for DPs for an upcoming USMint purchase. Anyone buy anything with Chase since this went into effect? Many thanks.
May 13, 2021, 8:11 am
#97
Join Date: Sep 2014
Location: TPA/DFW/K15
Programs: AA EXP, Mar AMB, HH LT DIA
Posts: 1,652
May 13, 2021, 10:20 am
#98
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,957
Jul 29, 2021, 7:56 am
#99
Join Date: Apr 2012
Location: New York City
Programs: UA: 1K, Hyatt: Explorist and Marriott: LF Titanium Elite
Posts: 1,268
Any recent experience with venmo payment using cc (e.g. Hyatt/BA/CSP/CSR)? I recently got the BA card and wondering if I can use venmo payment as a way to hit spending bonus?
Jul 30, 2021, 9:42 am
#100
Join Date: Aug 2007
Location: Truth or Consequences, NM
Programs: HH Diamond, Marriott Titanium, Hertz President's Circle, UA Silver, Mobile Passport Unobtanium
Posts: 6,193
I've used VENMO twice with my CSP post-rule change and did not get hit with a cash advance charge. In each instance, the payment was a small amount and within the cash advance limits of the card ($100-$200).
Aug 1, 2021, 11:53 am
#101
Join Date: Apr 2012
Location: New York City
Programs: UA: 1K, Hyatt: Explorist and Marriott: LF Titanium Elite
Posts: 1,268
I just did a small venmo payment on my Chase Card of $5 and didn't get hit with cash advance charges.. maybe I will try a larger amount and shall see but thanks for the data point/info!
Aug 2, 2021, 9:39 pm
#102
Join Date: Feb 2008
Posts: 856
Just got my CSP approved.
Do you have the MCC for the Venmo top ups?
From here, it seems Venmo comes with MCC 7399, which is rather safe IMO, since it is only the MCC 6xxx that are more for "finance" related (plus 4829 and 4821).
My experience with BofA (Visa) cards, if Chase relies on Visa's classification, these may be similar.
MCC 4829 clocked as cash advance.
MCC 6051 clocked as cash advance.
I will get back here when I've tried some of these with my CSP.
Do you have the MCC for the Venmo top ups?
From here, it seems Venmo comes with MCC 7399, which is rather safe IMO, since it is only the MCC 6xxx that are more for "finance" related (plus 4829 and 4821).
My experience with BofA (Visa) cards, if Chase relies on Visa's classification, these may be similar.
MCC 4829 clocked as cash advance.
MCC 6051 clocked as cash advance.
I will get back here when I've tried some of these with my CSP.
Last edited by fone; Aug 2, 2021 at 9:53 pm
Aug 3, 2021, 8:20 am
#103
Join Date: Apr 2012
Location: New York City
Programs: UA: 1K, Hyatt: Explorist and Marriott: LF Titanium Elite
Posts: 1,268
I've just put through a larger amount on venmo via CSR and Hyatt in the amount of $250, $500 and $1500.
All been going through as Venmo (Description) and as Business Services (Merchant Type). All transactions posted today and I've gotten appropriate bonus points associated.
PS: All were under my given card's cash advance limit
All been going through as Venmo (Description) and as Business Services (Merchant Type). All transactions posted today and I've gotten appropriate bonus points associated.
PS: All were under my given card's cash advance limit
Last edited by LDNConsultant; Aug 5, 2021 at 1:34 pm
Aug 5, 2021, 12:22 pm
#104
Join Date: Nov 2007
Location: PHX
Posts: 4,787
I was thinking about buying visa gift cards on staples.com to meet the spending bonus requirement on a new Ink Cash. If I'm reading the terms right, this should be ok.
This is P2's card and she won't buy gift cards in person so staples.com is really my only option. Anyone think this is pushing it?
This is P2's card and she won't buy gift cards in person so staples.com is really my only option. Anyone think this is pushing it?
Aug 5, 2021, 1:35 pm
#105
Join Date: Apr 2012
Location: New York City
Programs: UA: 1K, Hyatt: Explorist and Marriott: LF Titanium Elite
Posts: 1,268
I was thinking about buying visa gift cards on staples.com to meet the spending bonus requirement on a new Ink Cash. If I'm reading the terms right, this should be ok.
This is P2's card and she won't buy gift cards in person so staples.com is really my only option. Anyone think this is pushing it?
This is P2's card and she won't buy gift cards in person so staples.com is really my only option. Anyone think this is pushing it?