Buying holiday money from the Post Office - count as a "purchase" or "cash transfer"

j19

I am going to be purchasing some dollars soon from the post office. I'd quite like to use my 0% purchases (for 12 months) card to do this to free up cash for investing elsewhere.

However, I need to know whether or not the purchase of currency at the post office will count as a cash transfer from the card, or a tangible purchase?

I'm pretty sure it is the latter - what do you think?

cifpower

I think it will be classed as a cash advance but you should ring your card issuer to double check. I think only M&S' card allows foreign currency to class as a purchase.

Any

I am pretty sure it will be cash advance.

97trophy

Cash - from costly personal experience!

JohalaReewi

Another vote for cash!

YorkshireBoy

cifpower wrote: »

I think only M&S' card allows foreign currency to class as a purchase.

...and even then, only M&S Travel Money bought from an M&S Bureau de Change.

TrickyDicky

Always use cash when buying foreign currency.

On a credit card it will be treated as a cash advance and on a debit card it will be treated as a foreign withdrawall, which will (for most providers) add on a fee.

poker_face

TrickyDicky wrote: »

Always use cash when buying foreign currency.

On a credit card it will be treated as a cash advance and on a debit card it will be treated as a foreign withdrawall, which will (for most providers) add on a fee.

yep this happened to me once, lesson learned :rolleyes:

Paulgonnabedebtfree

JimpsEd wrote: »

I am going to be purchasing some dollars soon from the post office. I'd quite like to use my 0% purchases (for 12 months) card to do this to free up cash for investing elsewhere.

However, I need to know whether or not the purchase of currency at the post office will count as a cash transfer from the card, or a tangible purchase?

I'm pretty sure it is the latter - what do you think?

I've only done this the once - with my Tesco CC a few years ago. It was charged as a cash transaction.