Cash Transfer to current account?

robbiebrown34

Hi Guys

I've had a letter through saying I've got 0% until March next year on Cash transfers to my bank account. I've got a few big bills coming up this month so it would really help, I just wondered if this is treated the same as a cash advance? Therefore seriously affecting my credit rating?

I was considering getting a loan from my bank anyway, but I aren't using any of my balance on my credit card at the minute so I'm thinking, should I use the credit card offer instead?

I've done well at building my credit rating and I've never missed a payment and am almost debt free (mortgage and car only), but I don't want to destroy my credit rating taking up an attractive offer from Barclaycard!

thanks in advance

grumbler

robbiebrown34 wrote: »

...I just wondered if this is treated the same as a cash advance?

No, it isn't.

robbiebrown34

Thanks grumbler!

So I'm guessing my credit score will just be affected the same as if I was making a purchase for the transfer amount?

I guess what I'm getting at is I dont want a big black mark against my name if I choose this route over having a Loan for example.

grumbler

>> MBNA Platinum - Money Transfer or Cash Advance?

robbiebrown34

Brilliant Thanks!

I did search high and low for the answer but never came across that thread. I guess I'm a lousy searcher!

Have a great weekend