halifax one card & buying dollars

james3333

Hi guys,
just a quick question....
if i buy some US dollars ( off on holiday later this year ) with my one card....is it classed as a 'purchase' i.e will it be interest free for the rest of my cards 11 months period?
cheers

tom188

cash advance as thats what you are doing.

james3333

so, if i bought £400 dollars... how much would i repay in total and would this loose me my 11month 0%?

tom188

You would not lose your 11 months 0% on your purchases/bt. However on my agreement you would get charged 22.95% + handling fee of 2.5% on the £400 cash withdrawal and you would not be able to pay this off until you had cleared everything else on your card.

So £10 + roughly £90. ie £100.

james3333

i see... i think i will get another card then... i dont go until december, so i think i will try and balance transfer to a free foriegn currency card, or i might just use my savings.....

King_Of_Fools

You will not find any credit cards that offer 0% on foreign currency as they all class it as a cash advance and that is never 0%.

james3333

ahh, i see.
well, iam off on a cruise and its all inclusive ( except for beer) on board so i intend to buy all my beer onboard with a credit card, what will this be classed as then, iam very confused:o

tiff

King_Of_Fools wrote: »

You will not find any credit cards that offer 0% on foreign currency as they all class it as a cash advance and that is never 0%.

Dont M&S allow you to buy currency as a purchase on their card, as a purchase rather than cash advance?

King_Of_Fools

james3333 wrote: »

well, iam off on a cruise and its all inclusive ( except for beer) on board so i intend to buy all my beer onboard with a credit card, what will this be classed as then, iam very confused:o

Yes, any purchases of goods will be interest free. Balance transfers, cash advances and credit card cheques will not be interest free.

james3333

King_Of_Fools wrote: »

Yes, any purchases of goods will be interest free.

EVEN ABROAD?

thumshie

Halifax will apply their 2.5% foreign exchange transaction 'fee' if billed in anything other than sterling. But otherwise it'll still be treated as a purchase. Obtaining physical us$ either via an ATM or a exchange will be treated as a cash advance.

Look at nationwide or post office for a card without this fee - but without an intro 0% period(well 3 months on purchases only...)