We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Cash advance or not?
bunty109
Posts: 1,265 Forumite
in Credit cards
I want to get some dollars for a holiday to the States. My bank will let me order them online with a credit or debit card or I could go to M&S bureau de change and buy them there the same way. I have a 0% on purchase M&S credit card at the moment.
If I buy the dollars using my 0% card will the currency be treated as a cash advance and will I then be charged interest or will it be an interest free purchase?
Any help from anyone with experience would be appreciated!
If I buy the dollars using my 0% card will the currency be treated as a cash advance and will I then be charged interest or will it be an interest free purchase?
Any help from anyone with experience would be appreciated!
MFW 2019#24 £9474.89/£11000 MFW 2018#24 £23025.41/£15000
MFi3 v5 #53 £12531/
MFi3 v4 #53 £59442/£39387
MFi3 v5 #53 £12531/
MFi3 v4 #53 £59442/£39387
0
Comments
-
M&S treat foreign currency bought from them as a purchase transaction.I have a 0% on purchase M&S credit card at the moment.
If I buy the dollars using my 0% card will the currency be treated as a cash advance and will I then be charged interest or will it be an interest free purchase?
As such, you'll enjoy 0% interest.
Travel Money
Summary Box0 -
That's brilliant! I'm off to Marks now so I can sort it out!MFW 2019#24 £9474.89/£11000 MFW 2018#24 £23025.41/£15000
MFi3 v5 #53 £12531/
MFi3 v4 #53 £59442/£393870
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.4K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards