Recurring charges 19 June 2012 at 10:51PM in Stoozing: free cash from credit cards 1 reply 890 views

Andy_ccc

Hi guys

If I was to get a 18month interest free credit card and wanted to set up a recurring charge to a member of my family. Would this recurring charge be subject to 18month interest free or do recurring charges incur penalty fees or interest.

Thanks guys

Fruit_and_Nut_Case

Andy_ccc wrote: »

Hi guys

If I was to get a 18month interest free credit card and wanted to set up a recurring charge to a member of my family. Would this recurring charge be subject to 18month interest free or do recurring charges incur penalty fees or interest.

Thanks guys

Congratulations on posting a question that hasn't been asked a million times before.

I'm not sure what you mean by a "recurring charge". Do you mean some kind of continuous authority? Does this person have an account set up for taking credit card payments?

If this is some kind of scheme for getting cash from your card the charges involved for your family member are likely to outweigh any benefit.