Best Credit Card for Withdrawing Cash

kezza1964

I am looking which is the best credit card to use for withdrawing cash. I am looking to withdraw a maximum of £500-£1000 over a 3month period and then pay it all off as I need to cash to pay some bills on the short term.

Nebulous2

If you definitely need cash then a money transfer card would be best. If you could pay your bills using a credit card then you could also look at a 0% purchase card.

If you are new to credit cards you might find it difficult to get the best deals.

Ben8282

Withdrawing cash on a credit card is not a good idea. You will be charged interest immediately, you will pay a cash withdrawal fee normally 3% and you may also be charged a higher rate of interest.
If you must do this, would suggest getting a card with the lowest possible APR according to your circumstances.

chattychappy

Given the OP only requires the advance for a short time, I would consider Halifax Clarity - normally recommended because of it's travel benefits.

There is no fee for withdawal, just interest which is roughly 1.5% to 2% per month, depending on which rate you get. So it's great for short term cashflow issues where you need real cash.

The OP refers to withdrawing over 2-3 months and then paying it all off. I assume this means "immediately". If not, then indeed a money transfer card might be cheaper where there's a flat fee of typically 3% or 4%.

Far better if these "bills" could be paid by CC in the first place on a 0% purchases card. Then there are no fees.

Candyapple

Or you could look at applying for a new bank account, the Nationwide offers an overdraft at 0% for 12 months:
http://www.moneysavingexpert.com/banking/compare-best-bank-accounts#overdrawn