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Withdrawing cash question.................

Hi everyone,

would i only get charged the extortianate rate of interest for withdrawing cash on my credit card if i don't pay the balance off in full each month?

cheers

Luke

Comments

  • Ritchie74
    Ritchie74 Posts: 171 Forumite
    You will be charged daily from when you take it out, until it's completely paid off. Plus a fee of c.3% (check your Terms for this).
  • CannyJock
    CannyJock Posts: 3,838 Forumite
    1,000 Posts Combo Breaker
    lukemed1 wrote: »
    Hi everyone,

    would i only get charged the extortianate rate of interest for withdrawing cash on my credit card if i don't pay the balance off in full each month?

    cheers

    Luke

    Nope, you get charged it from the date of the transaction. No interest free period on cash withdrawals. Plus the fee. Don't do it. Sell a kidney instead. Less painful.
    "A child of five could understand this. Fetch me a child of five." - Groucho Marx
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