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Promotional cash advance on MBNA card.

I have been offered a promotional cash advance rate of 0% and 4% fee until March 2015 on my MBNA card. I was thinking about taking out a loan for about a year but cannot beat this rate.

However does it affect your credit rating if other potential borrowers see I have a cash advance on my card.

Comments

  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    MBNA "Money Transfers" are not reported as "Cash Advances" to the credit reference agencies.
  • StuC75
    StuC75 Posts: 2,065 Forumite
    agree with YorkshireBoy - Super Balance Transfer to current account isnt treated as a 'cash advance' - i.e. where money withdrawn from cash machine..
This discussion has been closed.
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