Credit Card Interest Rates

2tired2tango

Ahh I see,I figured it would still show my usage history and everything had been paid off on whatever date i paid it off.
Im sure ill get the hang of things,

Thank You everyone for the advice :T

Dobbibill

I was referring to withdrawing cash.......bad bad idea.....don't ever withdraw cash from your credit card.

2tired2tango

I was referring to withdrawing cash.......bad bad idea.....don't ever withdraw cash from your credit card.

What about transferring money to my bank account. say i had a direct debit going out but not enough money to cover it so i transferred £50 from my card to my B/A, would that count as a cash withdrawal ?

[Deleted User]

Does your card offer money transfers so you can put money into your account? If there's no promo, it will be very expensive, with the fee and immediate interest.

2tired2tango

Does your card offer money transfers so you can put money into your account? If there's no promo, it will be very expensive, with the fee and immediate interest.

Not that i can see. Its probably best i give them a ring about that
It does say
You can use your card at over 24 million shops and restaurants, on the internet and to withdraw cash*

And at the bottom it says
*A fee of 3.00% or £3 of the cash transaction (whichever is the greater) will be payable.

[Deleted User]

Don't use it for cash.
Don't put it in an ATM.
Don't use it for gambling.
Don't buy currency.

Use it in shops only to buy physical things. If you try being clever with it, you're going to run into problems.

2tired2tango

Don't use it for cash.
Don't put it in an ATM.
Don't use it for gambling.
Don't buy currency.

Use it in shops only to buy physical things. If you try being clever with it, you're going to run into problems.

When they phoned me to say i had been accepted they tried to get me to take a cash advance, Now i know why:rotfl:

[Deleted User]

Ah. Which tells me it's a Vanquis card.

bris

I hope your confident with your money. enough to pay it off every month.


39.9% will get you into trouble quick, real quick. I kow people a lot of people both friends and family who are stuck in the CC never ending cycle and most are normal 16-20% apr.


I was there myself once, paying minimum payment only to see nothing coming of the balance and stuck in a never ending loop.


My advice, cut up the card, 39.9% is crazy, just simply not worth the risk.

MallyGirl

That is a bit extreme. If the OP has gone for Vanquis at 39.9% then they don't have much positive credit history. How will they ever achieve that if they don't start now, in small, controlled steps?

Use the card every month for something you would have bought anyway. Set up a Direct Debit to pay the card in full so that you don't forget.

Don't withdraw cash, don't use it like a payday loan, don't transfer money elsewhere, don't use for gambling (counts as a cash advance and incurs interest from day of transaction).