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Stupid question??? Cash on credit card

BigTone

BigTone Posts: 153 Forumite

24 January 2011 at 3:04PM in Credit cards

If I take some cash out on a credit card the pay it bask in next wed, 2nd feb, will I pay any interest on it?

Debt 2007 = £30,000
Debt Aug 2012 = £600
Debt Jan 2014 = £15,000

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Comments

dzug1 Posts: 13,535 Forumite

24 January 2011 at 3:05PM

Yes you will

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wornoutmumoftwo Posts: 1,250 Forumite

24 January 2011 at 3:06PM

Interest is charged from when you withdraw it.

Payment a day challenge: £236.69
Jan Shopping Challenge: £202.09/£250
Frugal Living Challenge: £534.64/15000
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izools Posts: 7,513 Forumite

24 January 2011 at 3:28PM

Plus you may have to pay a withdrawal fee, unless you have one of the very select few cards that don't charge a fee.

Cashback Earned ¦ Nectar Points £68 ¦ Natoinwide Select £62 ¦ Aqua Reward £100 ¦ Amex Platinum £48

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