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What kind of card can I withdraw cash ,no fee?
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born_again said:In true MSE style....
£5K seems a lot for a spade
Let's Be Careful Out There4 -
Ebe_Scrooge said:Agree with the previous posters. You can't withdraw cash on a credit card without incurring substantial fees and interest. A money transfer card is the usual suggestion - though you will need to factor in the transfer fee, and you'll need to ensure it's paid off by the time the promotional rate expires. And you won't get any S75 protection, if that's what you're looking for.If the tradesman won't accept payment by credit card then your choices are somewhat limited - other than going the old-fashioned route of saving up before having the work done.0
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As per the previous replies, if you don't have a money transfer card it will be as expensive as just withdrawing the cash.All shall be well, and all shall be well, and all manner of things shall be well.
Pedant alert - it's could have, not could of.0 -
Tjinks said:
Question...I have a card reader .. could I pay myself with a credit card and then withdraw the cash?1 -
eskbanker said:Tjinks said:
Question...I have a card reader .. could I pay myself with a credit card and then withdraw the cash?Suspect it'll be issued to them personally as a sole trader. In which case it'll be their name which appears on the statement. Highly likely to arouse suspicion IMO.0 -
Tjinks said:Ebe_Scrooge said:Agree with the previous posters. You can't withdraw cash on a credit card without incurring substantial fees and interest. A money transfer card is the usual suggestion - though you will need to factor in the transfer fee, and you'll need to ensure it's paid off by the time the promotional rate expires. And you won't get any S75 protection, if that's what you're looking for.If the tradesman won't accept payment by credit card then your choices are somewhat limited - other than going the old-fashioned route of saving up before having the work done.You do seem to be trying to make things a whole lot more complicated than they need to be.Bottom line - why do you want to use a credit card in the first place? Is it because you want the S75 protection, is it because you want to benefit from points/cashback that your card offers, or is it that you don't have the money available to do the work?If it's either of the first 2 reasons then you're snookered if the tradesman won't accept cards, and no amount of jiggery-pokery is going to get around that. If it's option 3 then your choices are a money-transfer card, a personal loan, or save up.
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If you're having to borrow the money then perhaps now isn't the right time to do the garden up?1
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I remember some credit card companies used to give out credit card cheques, do they still do this? I've not seen one for years. I think Capital One used to give them out.0
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GenieBoy said:I remember some credit card companies used to give out credit card cheques, do they still do this? I've not seen one for years. I think Capital One used to give them out.0
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And almost no financial institution wants to deal with cheques anymore so I doubt there's any about.I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
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