Would I get charged interest taking cash out of ATM?? Advice needed...

Candyapple

Why not check your eligibility first to see if you can get a 0% money transfer card and then apply for one?

https://creditcards.moneysavingexpert.com/?money-transfers&_ga=2.207471379.1244528166.1495622131-1121065099.1495618828

EachPenny

mufc132 wrote: »

I think the best option may be to pay from current account on payday, and then use credit card for purchases throughout the month.

Unless your debit card pays a stonking great amount of cashback then why have you got a 0% purchase card and still use your debit card to pay for stuff? (unless the retailer/supplier charges a fee for CC use).

If you can manage your finances well and have the discipline to put some money aside to pay off the card balance then it makes sense to put all the expenditure you can on the credit card. However, don't do this if you cannot rely on yourself to put the money aside and leave it untouched until the CC 0% offer ends - you shouldn't risk building up a credit card debt you will be unable to repay.

Something else to consider is whether your friend has any larger purchases they are planning on making themselves. You could offer to pay for them in lieu of part of the £1500. E.g. I help a couple of friends with their supermarket shop from time to time. I pay on my card, they give me the cash. Same thing happens when we go to the pub - the landlord thinks I'm very generous buying every round

SHill

What are worried about...
I'm a liitle confused... so pay your friend the cash they want for the item...or
you may need a loan or get a money transfer card instead......

If you take money out using your current cc you'll be hit with high interest rate ...:eek:

If you get a loan out then you have a control income paying off the debt
Or money transfer card so a one low percentage (2.9-5%) pay off fee upfront on the amount transferred to your bank account. With a 0% on the amount but again over set period of time until the amount is repaid.
The other way is to save up and pay it off... then no debt..

Consider your options

eskbanker

adindas wrote: »

People said never lend or bought stuff for a friend with expectation you will get your money back. In many cases it will end up in a bitter relationship. Better to consider it as a gift and you will not feel bitter if you do not get your money back.

But if this is this what you want to do and you could pay by credit-card, why not just buy the stuff for him using your 0% for purchase Credit card ?? Why do you need cash for it ??

OP is buying something from a friend not for a friend....