cash advance or purchase

pistelman

hi, if i pay for my dentist on my credit card would it be classed as a cash advance or a purchase as i know using a c/c for gambling is classed as a cash advance and you are tecnically not purchasing goods from the dentist

thanks for any replys

HappyMJ

pistelman wrote: »

hi, if i pay for my dentist on my credit card would it be classed as a cash advance or a purchase as i know using a c/c for gambling is classed as a cash advance and you are tecnically not purchasing goods from the dentist

thanks for any replys

Purchase. A purchase can be for goods or services. A gambling transaction can be converted to cash so is considered cash.

Gromitt

Your are purchasing a service, thus you are purchasing.

With gambling it gets more difficult. You can purchase a membership fee (purchase), buy drinks in a casino (purchase) but if you deposit funds for playing games that could give you a cash reward its a cash advance.

guesswho2000

Gromitt wrote: »

Your are purchasing a service, thus you are purchasing.

With gambling it gets more difficult. You can purchase a membership fee (purchase), buy drinks in a casino (purchase) but if you deposit funds for playing games that could give you a cash reward its a cash advance.

With things like drinks etc in a Casino, this can be a grey area - if the MCC (Merchant Category Code) reports the retailer as a gambling institution, as opposed to food/drinks sale (restaurant, for instance), it'll still be classed as cash.

In OPs case though, with a dentist, that'll definitely be a purchase.

bigadaj

Could be useful for a gold filling, which you then take down cash for gold to convert into cash, gotta be a winner.

chattychappy

Seeing my old dentist was always a gamble..

GAILEY

So following on from that, if I use my 0% credit card to pay my AMEX bill I assume that is a cash advance? I know that sounds thick...but I am at times, and found myself this morning quite tempted to go down that route

guesswho2000

GAILEY wrote: »

So following on from that, if I use my 0% credit card to pay my AMEX bill I assume that is a cash advance? I know that sounds thick...but I am at times, and found myself this morning quite tempted to go down that route

Theoretically yes, it would indeed count as a cash advance, if it were permitted; however you won't be able to pay your Amex with a credit card.

chattychappy

You really have to look anything a little unusual on a case-by-case basis. Eg you can pay your HMRC tax bill by CC. They treat that as a purchase (albeit they add a handling fee). Barclaycard treat foreign ATMs as a purchase for billing purposes - you can get up to 56 days free of interest (though there is the usual forex loading).

And I used to use a Bureau-de-Change connected to a gift shop. You could draw currency on a CC. They'd give you a choice - process as a cash advance (lower fee at point of sale) or purchase (higher fee at point of sale). Almost certainly against their merchant agreement, of course.