cash withdrawal on credit cards - Halifax clarity - mortgage application

Iulia

Hello, I know cash withdrawals on CCs aren't a great idea, generally speaking - but I use Halifax Clarity (no exchange rate fees, no cash withdrawal fees) when travelling abroad, and I pay it off in full when I return.

Exchange rate fee: Europe: 0% | Worldwide: 0%
Cash withdrawal fee: None | Interest on cash withdrawals? Yes, until it's repaid in full

I'm due to remortgage next year and will be doing some travelling before that. Should I find another alternative for holiday cash before remortgaging? Does it matter that much? My credit history is clean... never missed a payment. I do have a balance but it's all on a 0% promo rate.

Thrugelmir

Iulia wrote: »

I do have a balance but it's all on a 0% promo rate.

Lenders have visibility of promotional rate offers and therefore see if borrowers simply roll over their debt. Rather than repay it.

Interest on cash withdrawals? Yes, until it's repaid in full

How much interest do you get charged?

Iulia

I am repaying it... My debt is less than £3000 and I will pay this in full by May 2018, when I will start the remortgage process. This is on a different card!

On Clarity - interest is negligible. This is how I use it: if I go on holiday next week, I will use the card to make purchase and withdraw cash. I pay it off in full the week after that. Never used this card in other ways.