Cash advance.

pqrdef

It can be better to wait for the statement before trying to pay back the cash advance, depending on the rules of the card and the state of the account.

The worst case is if you're running a balance on a 0% offer, and the money you pay in is set against the 0% balance instead of being set against the cash advance. Yes they can still do this.

fozmcfc

CLAPTON wrote: »

true for most cards but the santander card has no fee so the OP wouldn't pay the £6 fee
and if his APR was say 25% then the interest for say one month would be less than £4


and of course the santander card has no foreign excahnge fee so all in all it's probably one of the cheaperst ways of drawing cash abroad

Ok, didn't realise, never looked at a Santandar card to be honest, so it could well cost virtually nothing, if paid back straight away.

fozmcfc

pqrdef wrote: »

It can be better to wait for the statement before trying to pay back the cash advance, depending on the rules of the card and the state of the account.

The worst case is if you're running a balance on a 0% offer, and the money you pay in is set against the 0% balance instead of being set against the cash advance. Yes they can still do this.

Someone posted recently they got caught out by this, when they made a payment before the cash advance hit the statement and therefore it came off the statement balance for that month.

For me the card I used didn't have a balance on it, so as soon as it hit the account (I was logging in a dozen times a day lol), I paid it immediately.