Unexpected Cash Advance on Barclaycard Initial

YorkshireBoy

cos wrote: »

I'm pretty sure that...cash withdrawals don't show up on CRA reports, therefore, no other potential creditor would know that you're...taking cash.

Could be wrong, though

You are.

http://www.experian.co.uk/downloads/consumer/experian-YCRE.pdf (bottom of page 13)

chattychappy

grumbler wrote: »

likely to be interpreted negatively.

I suspect cash advances are only viewed as negative when taken with other data (eg close to limit, late payments, minimum payment markers etc.)

I practically live on cash advances on Zero - I find it the cheapest and safest way of getting cash overseas. Took 800 euros out last week in Germany over 3 days. (Spent most of it on a "Topas" Rimowa suitcase!). Have probably drawn out two or three grand in total this year (mostly Taiwan/Vietnam).

I've never had my account restricted or had problems obtaining credit.

Personally I don't like the way that companies who are meant to be competing share data about customers. Competition sacrificed on the alter of "responsible" lending/public interest IMHO.