Credit transfer tale of woe: advice would be appreciated

Watson

Thanks PeeWee and (again) Asharon,

Looks like my watchword for tomorrow will be "they can only say no..."

Watson

Mark7799

asharon wrote:

That's why I suggested phoning them and asking for a bit of leeway. They might say not, but if your daily cash limit is say £500 then it gives you some time to withdra w and pay it in.

What about drawing the cash over the counter at a bank?

Watson

Mark7799 wrote:

What about drawing the cash over the counter at a bank?

Does the daily limit only apply to ATMs, then? I thought it didn't matter where you got the cash, the limit was still the same.

Watson

Watson

An update: I phoned Homebase ready to grovel and request an extension to the payment deadline - only to be told, "Oh, that's all right: we give you a seven day grace period anyway".

So I've cleared the card, not by an MBNA balance transfer as I intended, but with an MBNA VISA cheque paid in at the post office. OK, there will be a charge and the interest is pretty horrendous - but it's better than having £340 deferred accumulated interest slapped on top of the Homebase balance.

Many thanks to everyone who replied with thoughts and suggestions.

Watson

Mark7799

Watson wrote:

Does the daily limit only apply to ATMs, then? I thought it didn't matter where you got the cash, the limit was still the same.

Watson

It was (not sure if it still is) up to your available funds. I once had to deal with a request for a £17k encashment on a credit card - guy wanted to buy a lorry and found out that the selling company wouldn't take credit cards.

Watson

Thanks, Mark7799: that's interesting. I don't like to think what the cash-withdrawal fee would be on £17,000...

Watson

Twopints

Watson wrote:

Thanks, Mark7799: that's interesting. I don't like to think what the cash-withdrawal fee would be on £17,000...

Watson

About the same as what Homebase charge on £1300 Buy now pay later...

Watson

Twopints,

An excellent point. At least I'll know for the future...

Watson

Caped_Avenger

Mark7799 wrote:

It was (not sure if it still is) up to your available funds. I once had to deal with a request for a £17k encashment on a credit card - guy wanted to buy a lorry and found out that the selling company wouldn't take credit cards.

Yeah, each credit card has an amount of funds available for cash advances, you can take up to this limit over the counter, it isn't limited to the daily ATM limit.

asharon

I'm glad you didn't have to pay the £350.