cash advances on report- bad?

clippy_girl

hi all,

i have a halifax clarity card i use day to day and abroad. whilst on holiday for 5 weeks i made about 5 cash withdrawals using the card as was cheaper than other methods. i paid these off straight away (and in fact usually transferred money before i withdrew it so i didnt need to pay interest).

i have just signed up for noddle (great service for free!) and noticed it lists the cash advances i made against the card. it does also shows that they were paid off as i clear the balance of this card in full every month.

will this adversely affect my rating? i appreciate that normally cash advances would be viewed as bad (or perhaps should be!) but this was only done for cheap overseas cash as opposed to running out of cash and none of my other cards have any cash advances.

i will be remortgaging in oct so dont want to do anything to give the impression i cant manage my finances!

Waino696969

I don't have the answer but am keen to know also!

I've had foreign exchange transactions show up as cash advances rather than purchases on a couple of occasions.

Be interesting to know!

guesswho2000

I wouldn't worry, the effect will be minimal seeing as its being paid off in full each month. It'd be a different story if you we're doing it every month and were near your limit - it could appear as though you're drawing cash to make the minimum payments.

I use my clarity for cash abroad every month or two, and it hasn't caused me any issues