Article in Finder. Do gift card purchases count as cash advances ?

[xr6er]

Buying gift cards with a credit card

You can usually buy gift cards with a credit card. But you might get hit with a cash advance fee and high interest rate, so look out!

www.finder.com.au

Found this article in finder. Is there any fact to it as I haven't bought gift cards for a while.
Do gift card purchases count as cash advances and attract immediate interest ?
Do they qualify for reward points ? Do they qualify towards sign up bonuses ?

 

[andye]

Buying gift cards with a credit card

You can usually buy gift cards with a credit card. But you might get hit with a cash advance fee and high interest rate, so look out!

www.finder.com.au

Found this article in finder. Is there any fact to it as I haven't bought gift cards for a while.
Do gift card purchases count as cash advances and attract immediate interest ?
Do they qualify for reward points ? Do they qualify towards sign up bonuses ?

Always got points on mine though mostly bought at supermarkets
Giftcards are clearly not cash. Once bought they are all restricted in some way usually by store. Even the wide-ranging ones restrict eg eftposgift can't be used online, only1 will only be accepted where credit/debit cards are
And none can be used to settle a credit card bill

 

[Coops1]

never heard of any type of credit card treating gift card purchases in this way. Ridiculous article in my view.

 

[Dr Ralph]

Buying gift cards with a credit card

You can usually buy gift cards with a credit card. But you might get hit with a cash advance fee and high interest rate, so look out!

www.finder.com.au

Found this article in finder. Is there any fact to it as I haven't bought gift cards for a while.
Do gift card purchases count as cash advances and attract immediate interest ?
Do they qualify for reward points ? Do they qualify towards sign up bonuses ?

I recall a previous thread about this article or a previous version of the article. I recall my comment then was something like 'Finder has no idea what it's talking about.' Seems nothing has changed.

Here is that thread and the same article:

Coles gift card offers

I'm just paying with a credit card. As you say it just shows up as Coles and looks like a transaction where you only buy groceries. There is a possibility of paying with a e-gift card purchased at ~96c on the dollar. There are many different experiences with these - but my experience is that...

www.australianfrequentflyer.com.au