Credit Cards and Cash Advance Fees

antispam246

I'm 99% sure the answer is no but,

Is there a credit card that does not charge a cash advance fee/interest for online gambling deposits or online currency exchanges (made with the credit card)?

Fingerbobs

There are a handful of cards that don't charge fees for cash advances, but these still charge interest from the date of the transaction.

To the best of my knowledge, there is currently no card available that is both fee-free and interest-free for cash advances. The last card I knew of that did that was Metro Bank, but that offer closed a while ago.

chattychappy

According to their T+Cs, Sainsburys Gold doesn't charge interest or a fee on cash advances and it includes gambling in that definition. (See http://www.sainsburysbank.co.uk/library/default/pdf/SainsburysGoldcreditcardtermsandconditions.pdf and search for "gambling".) I haven't tried this card myself.

There is a £5 monthly fee. It is aimed at travellers and includes travel insurance.

Time to hit Monte Carlo?

antispam246

Thanks, I remember making a mental note of the sainsbury gold but because I'm covered elsewhere for insurance and other incentives I left it.

I've just come back from vegas and noticed the interest charge for making a currency purchase online, admittedly I overlooked the interest charge on the cash advance, although it was minor, lesson learned.

I'm not a big gambler or anything but I, like many, have a punt now and then, I was just curious as to whether any CC's would work best with these. The currency thing was a convenience because then I didn't need to worry about paying it off till june, even though I can pay it off now. Just keeps more moeny tied up in savings and less being wasted (:

wasted, gambling, don't bother!

guesswho2000

Barclaycard haven't charged a fee for gambling transactions, and they treat them as purchases. However, this changes on 28 May unfortunately, new terms and conditions.

another_girl

Saga platinum includes cash in the standard interest free period - they do charge a fee though, and you have be over 50!

antispam246

guesswho2000 wrote: »

Barclaycard haven't charged a fee for gambling transactions, and they treat them as purchases. However, this changes on 28 May unfortunately, new terms and conditions.

Damn, wish I had realised this earlier.