How to repaying cash advance asap?

edited 30 November -1 at 1:00AM in Reclaim Bank & Credit Card Charges
1 reply 2.2K views
KinderScout2019KinderScout2019 Forumite
31 Posts
10 Posts First Anniversary
I am currently at Paris and run out of cash. I just made a €20 cash advance on my Halifax Clarity credit card about 1 hour ago. I understood Halifax starts charging interest immediately after I made withdrawal. To pay off this €20 cash advance as soon as possible to avoid cash advance interest, I paid in £50 to my halifax account just now (though I still have about £100+ debit from other normal purchase, statement date not due yet, I have direct debit setup).

Could you confirm my £50 payment repay the €20 cash advance I made? (so I will be charged interest for a few hours.)

Many thanks.:beer::beer:

Replies

  • zx81zx81 Forumite
    32.6K Posts
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    ✭✭✭✭✭
    No, we can't.

    It depends on what other transactions you have on there, and whether any have statemented. Your payment will fo to statemented transactions first, highest to lowest rate, then unstatemented.

    But for 20 euros, it's really not worth worrying about. It'll be a few pence for the month.
This discussion has been closed.
Latest MSE News and Guides

Card providers to reserve up to £100

When you pay at supermarket fuel pumps

MSE News

Cheap contents insurance for tenants

DON'T assume your landlord covers you

MSE Guides

Summer sizzlers round-up

Incl £2ish sun cream & £1.50 disposable BBQs

MSE Deals