Coles Reloadable MasterCard Initial Purchase with Credit Card

moar bargains on 31/05/2016 - 14:55
Last edited 31/05/2016 - 17:18

Hi all,
I understand you can purchase a Coles reloadable MasterCard of up to $1000 value using your credit card. Does anyone know if this counts as a cash advance or not?
I know the purchase of the card wouldn't be a CA, but what about the initial loading of $1000 done at the same time? What if the card purchase was free, instead of the usual $10?

Anyone have experience with this?

Edit: as per comment below, initial load is $100 for reloadable card, or $1000 for gift card. The question regarding the cash advance status of this remains though.

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Comments

  • dazweeja on 31/05/2016 - 15:51

    The FAQ says the initial loading for the reloadable version is up to $100. After that you can top-up your card using a debit card or via direct credit:

    https://psc.colesprepaidcards.com.au/faqs

    • moar bargains on 31/05/2016 - 17:16

      Ah, my mistake. Thank you for pointing that out. The question remains though, regarding the cash advance whether it's $100 for the reloadable, or $1000 for the single use?

      • dazweeja on 31/05/2016 - 17:21
        +1

        It's a good question. But I can't answer it ;)

        Another interesting factor is that the FAQ says you can upgrade the single use to the reloadable.

        • moar bargains on 31/05/2016 - 20:40

          Ah, that is an interesting point! Thanks for the info :)

      • firstworldproblems on 02/06/2016 - 09:52

        correct me if i'm wrong, but i thought that doing such a thing is simply not allowed by the banks? that is, attempting to load funds using a credit card = decline? debit card works. heck, i even succeeded topping up my funds using another coles prepaid card to see if it can be done.

        EDIT: nothing explicitly stated in the PDS either: http://financialservices.coles.com.au/~/media/financial-serv…

        • moar bargains on 02/06/2016 - 11:18

          Yeah this is why I'm interested. It seems like it should be counted as a cash advance, but I'm trying to work out if it is.

        • firstworldproblems on 02/06/2016 - 11:36
          +1

          @therog1:

          how about doing this to test it:

          1. using your credit card, top up the coles reloadable card.
          2. then with funds you have just loaded, use your coles card to make a bpay payment to pay off the credit card.
          3. check your bank statement and see if comes up as a cash advance or not.

          you answer your own question and it doesn't cost a cent. sorry it's been years since i last had a credit card, but that's correct yeah?

        • moar bargains on 02/06/2016 - 12:44

          @firstworldproblems: That's my plan B ;)
          I was just hoping the collective wisdom of Ozbargain could save me the time. Just waiting for my ANZ frequent flyer to arrive and then I'll test.

        • xmas tree on 02/06/2016 - 21:36

          @firstworldproblems:
          Step 2 may be not practical as coles reloadable credit card does not allow bpay.

    • tuvz on 04/06/2016 - 22:28

      I have the Reloadable card and it only lets you load with debit card not cc.

      • dazweeja on 04/06/2016 - 23:19

        I think the OP was wondering just about the initial load that's done as part of the card purchase. Subsequent loads are debit only as you say.

  • shortgum on 03/06/2016 - 22:04

    Having own this card for over 8 months now. I cannot say how bad reputation Cole Reload card Indue company is. It is like all the bank is black listing this company.

    I am just so surprise how many ppl here still trying to apply for this card and use. Indue is class as fraud by most bank I tried now. Probably soon I will completely stop using it.

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