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Money transfer card harm credit report?

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
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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
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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
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