We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
📨 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!
Money transfer card harm credit report?
Options

Craig1234512345
Posts: 3 Newbie

in Credit cards
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
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
0
Comments
-
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 lane1
-
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 CRAs0 -
Thanks for your replies. I was concerned that it would be classed as similar to a cash advance so was dubious about transferring initially0
Confirm your email address to Create Threads and Reply

Categories
- All Categories
- 351.1K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244.1K Work, Benefits & Business
- 599.1K Mortgages, Homes & Bills
- 177K Life & Family
- 257.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards