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Money transfer card harm credit report?

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Afternoon

I am looking to carry out a money transfer from my money transfer credit card to my current account to repay an overdraft and I have a query regarding impact on credit report/score.

Will a money transfer negatively affect my credit report in the same way that a cash withdrawal/gambling transaction/currency purchase etc would do on a ordinary credit card?

Thanks in advance
Craig

Comments

  • born_again
    born_again Posts: 20,513 Forumite
    10,000 Posts Fifth Anniversary Name Dropper
    Don't worry about your credit report. lender do not see it. It is your credit history they are concerned about.
    Life in the slow lane
  • Sandtree
    Sandtree Posts: 10,628 Forumite
    10,000 Posts Fourth Anniversary Name Dropper
    Credit reports aren't harmed, they are simply a factual record of your history. Its up to individual lenders to decide if they like certain behaviours they see in the history or not. 

    As far as I know a money transfer under a promotional card doesn't show as a cash advance but there can be variance as to how different providers report the same situation to the CRAs
  • Thanks for your replies. I was concerned that it would be classed as similar to a cash advance so was dubious about transferring initially 
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