Purchasing TRAVELEX sterling cheques with a CC

DGJsaver

Hi all

Could anyone tell me if the CC companys treat this transaction as a `cash advance` ?
say , as if i was gambling on line with a CC ..which im not !

?

Thanks

Dan

YorkshireBoy

Usually, yes.

However, there are one or two exceptions to the rule.

If you buy from M&S travel money with an M&S &more card, you'll get them at 0% (during a 0% intro period) and at your purchases rate, ie up to x days interest free (after any intro period).

Some card providers will waive the cash advance fee, but will still charge you interest (at the cash rate of 20%+) from day one.

Do you already have a card, or are you looking for one?

DGJsaver

YorkshireBoy wrote: »

Usually, yes.

However, there are one or two exceptions to the rule.

If you buy from M&S travel money with an M&S &more card, you'll get them at 0% (during a 0% intro period) and at your purchases rate, ie up to x days interest free (after any intro period).

Some card providers will waive the cash advance fee, but will still charge you interest (at the cash rate of 20%+) from day one.

Do you already have a card, or are you looking for one?

Hi YB

We are planning to use our Marbles card , mastercard

looks like we will be getting screwed then because we leave wednesday !

Thanks mate though

YorkshireBoy

DGJsaver wrote: »

looks like we will be getting screwed then because we leave wednesday !

Cash advances on credit cards really are a bad thing.

With cash advance fees of 2-3%, 20%+ interest from day one, and finally the dreaded order of payments meaning this particular transaction is the last to be repaid if you have an existing balance, you may find it's cheaper to use an overdraft facility with your bank. Certainly worth a phone call IMO.