I have noticed I can top up my CZK account with credit card and no fees. I am now wondering, where is the catch? I thought that banks charge businnesses a few % when people use credit cards to pay…
There’s no catch
As long as it’s a customer credit card issued in the UE, you won’t be charged
And it is not recognised for some reason as business card
Isn’t credit card top up treated by some issuers as cash advance?
Definitely, but that’s not a fee charged by , but by your bank. My bank doesn’t recognize charges as cash advances.
I believe that hat some cc issuers do treat top ups as a cash advance - best to check with the issuer to be sure.
My credit card don’t see it as cash advance, no fees
But as far i’m aware, it’s against T&C to use fee free credit card top up and use it as cash advance.
And your bank doesn’t recognise merchand code as connected with cash/ transfer. Citi Poland will always treat topup Revolut account using credit card as a paid, because of Revolut’s MCC- 4829
Isn’t it MCC- 6012 (Financial Institutions - Merchandise & Services)?
I though 4829 is only if it’s topped-up with Apple Pay
That’s actually interesting - it would be good if Revolut had a list of banks that charge a fee (per country) and show a warning message while doing top-up with a card from these banks.
It would be great to have such list.
In case on MCC- it was discussed between me, Revolut and Citi on Twitter. It has finished by complaint. They (Citi) refunded me but said that this is their good will and they won’t do that in the future.