cash drawn on credit cards

chrismo

I was alarmed to see on the money show on TV that drawing cash out with a credit card can affect your credit rating. I took out a Halifax Clarity card especially to be able to draw cash out while I was abroad, and did so for six weeks, but always transferring money into it so I never owed money on it. Since I came home I have drawn out cash once, but at a time when I has a positive balance on the account.

Will this affect my score?

[Deleted User]

Generally cash advances are interpreted as a sign of financial problems, but occasional use, particularly overseas, won't be an issue.

Each lender will draw their own conclusions, but I wouldn't worry. In future though, if you have a positive balance, ask the lender to send you the balance, rather than using a cashpoint.