Cash Back Fees (QFC)

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  • #966398

    WGA
    Participant

    I bought groceries at the AK Junction QFC today and paid with a Debit Card. I wanted to also get $20 cash back and a message came up that a 50 cent fee would be added. (!)
    I don’t use cash very often so its been a while, but has anyone else noticed this “fee” in West Seattle? Are there still “fee free” grocery stores in the area? Or is this just a QFC thing?

    #966412

    jissy
    Participant

    I saw a discussion about this recently that the Burien Fred Meyer is doing the same thing.

    #966427

    miws
    Participant

    I don’t recall the source, but I read somewhere in the past few weeks that Kroger (QFC/FM parent co.) is now doing this. I think there is a withdrawal amount point that the fee starts, but don’t recall it offhand, and I think the fee goes up to $1.00 at some point.

    Mike

    #966434

    miws
    Participant

    I didn’t have time to search for a source when I posted earlier, but here is a link from a few months ago explaining the fee.

    Please note that I “misspoke”, above, on the fee for higher cashback amounts. The article breaks down the fees as this:

    For amounts between $100 and $150, the fee will be $1.50. For $150.01 to $2,000 it will cost you $3.50. For amounts between $2,001 and $9,999 it will cost $6 to get your cash.

    Mike

    #966435

    Sue
    Participant

    Wow, that’s fairly new. I used to live a block away from QFC and used cash back all the time without fee. Good to know.

    #966446

    KBear
    Participant

    My credit union debit card lets me withdraw fee-free at any credit union ATM (there are several of these in the Junction), as well as any 7-11 ATM. They also refund up to $6 in out-of-network ATM fees per month, so that would cover QFC I would think. Switching over to a new financial institution can be a bit of a hassle, but the benefits might be worth it.

    #966428

    anonyme
    Participant

    I noticed it the last time I was at the Junction QFC. Unfortunate, as it’s so easy to just go to another store that doesn’t have a fee.

    #966638

    gxnx
    Participant

    Why do people use debit cards when there are no protections?

    Use a credit card and get cash back at 3%….easy peasy.
    I charged everything using my credit card and gets$$$$$ back at the end of the year but please make sure you pay the full bill at the end of each month.
    I am the deadbeat.

    #966663

    scott
    Participant

    Some people aren’t eligible for credit cards.
    Some people aren’t eligible for cards with cash back.
    Some people prefer to avoid credit cards as a matter of financial discipline.
    Some people use debit cards to help small businesses avoid percentage-based card fees.
    Some people use debit cards to conveniently get cash, which is the point of this thread.

    BTW not many people seem to know that debit cards also have fraud protection by law, but it does require card owners to be more timely in reporting fraud than for credit. Some card issuers have additional fraud protection, for example Visa has 0% liability for debit cards except when processed by a third party.

    #966709

    gxnx
    Participant

    There are 3 things you get when you are born in the good old USA
    SS
    a phone #(since this will be your ID now)
    and a credit card.

    You are hiding from the taxman if you don’t have a bank account and every financial institutions would love to give you a credit card.

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