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Credit balance on credit card
Sirwolfie007
Posts: 2 Newbie
in Credit cards
Hello,
British Airways recently cancelled my flight to Italy and will in due course refund my credit card with the appropriate amount. The credit card in question is a 0% interest for 24 months (thank's Martin) and is now nearing the end of the 0% interest period. The BA refund will mean that the card in question will be in credit by approx £500. I want to get rid of the card now that interest free period is ending, my question therefore is; how do I get the £500 out of the card without attracting fees, can I get a cash withdrawal from an ATM or will they simply do a bank transfer into my current account?
Thank you
British Airways recently cancelled my flight to Italy and will in due course refund my credit card with the appropriate amount. The credit card in question is a 0% interest for 24 months (thank's Martin) and is now nearing the end of the 0% interest period. The BA refund will mean that the card in question will be in credit by approx £500. I want to get rid of the card now that interest free period is ending, my question therefore is; how do I get the £500 out of the card without attracting fees, can I get a cash withdrawal from an ATM or will they simply do a bank transfer into my current account?
Thank you
0
Comments
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Contact the card provider and ask for the credit balance to be paid to you. Under no circumstances withdraw it as a cash.
4 -
Cash from ATM may have a fee. If you ring the CC company they will transfer to your bank FOC.1
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Molerat/Vortigern,
Thank you both very much for your quick response, thats exactly what I thought, good to get it confirmed.0 -
As Sirwolfe007 above I will be receiving a refund giving me a credit balance on one of my cards. Can I pay this credit balance direct to one of my other credit cards or will that cost me a fee? .. any advice appreciated .. Thanks
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No. You need to ask them to send you the balance.0
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Ask them to refund it.Is there any reason to not keep it as a daily driver?0
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