Credit Card 0% 1yr cash withdrawl

Archie04

Hi,

I was wondering there are a lot of companies now which offer 0.00% for 1yr. If you take money out on this account ,which I am aware you will be charged for do you still have a year to repay the full amount? Apart from the minimum repayment each month.
Any help on this would be greatful.

Thanks

CLAPTON

all CC allow you as long as you like to pay the debt off, subject to paying the minimum payment each month

of course if you withdraw cash you usually pay a 3% (or so) fee plus a high interest rate

guesswho2000

Archie04 wrote: »

Hi,

I was wondering there are a lot of companies now which offer 0.00% for 1yr. If you take money out on this account ,which I am aware you will be charged for do you still have a year to repay the full amount? Apart from the minimum repayment each month.
Any help on this would be greatful.

Thanks

You can take as long as you like to repay, subject to the minimum, but you will pay interest through the nose each month for cash withdrawals. No company offers a promo period on cash, and very few give an interest free period of even one month, most charge from the word go.

Unless of course you mean a super balance transfer, which is where money is transferred to your current account from the CC account, you can't just draw it out from an ATM and get the promo rate.