Petem95

If I use my credit card to withdraw cash from a cashpoint will it charge me?

Basically I get 2% cashback on everything with my card, so seems sensible to use it to withdraw all my cash with, but not if theres a fee.

Anyone use their card to withdraw cash?

MattN

you don't get cashback on cash. typically the fee is 1.5 - 2%

Petem95

Thanks Matt, wont be using it to withdraw cash then!

Mrs WRX

Most machines will charge or your card issuer will.

matt85

I think you will probably get charged 2% or £2, whichever is larger.

You also get interest whacked on from the day you withdraw it until the day the card is COMPLETELY cleared. So if there is a blacne on it you will be paying an extortionate amount of interest on it as it is usually charged at a higher rate than purchases as well.

I wouldnt bother unless you have no other possible alternative.

FASTER MIKE!!

what about 0% interest credit cards do you still get charged for cash withdrawls? and the fee?

G_Sleigh_STi

Are you crazy?

Withdrawing cash from a credit card works on a completely different APR principle!

PLEASE PLEASE read your contract for the card.

Most cards run on a huge 19.9% when withdrawing cash from a card! + A % fee for doing so. They screw people over for doing it.

Its a massive no no which as an advisor i would say "just dont do it"