Accidentally used credit card for cash point withdrawal

kempiejon

sammyjammy said:

Can I suggest that you change the PIN for one of the cards, its really not advised to have them all the same.  If someone sees you taking out cash and then steals your bag they have everything they need.

It would also save you making the same mistake again.

We've had 2 users post that they made the mistake, the OP said they accidently took the wrong card out. Neither have said they use the same number for debit as credit cards.
Not to say they didn't but it's a mix up of cards not of PINs or a mistake by having the same PIN that's been discussed. Of course it could be but that's not explicitly stated.

Hoenir

pjs493 said:

lisyloo said:

Can you let me know the source that says this a big no-no.
lots of us take cash out abroad on credit cards on holidays.

why do you think there might be a fee?
usually you get charged interest but on zero days that will be zero.

Check out the credit card section on this website, it talks about how it’s bad to take out cash on a credit card in the UK. Withdrawing overseas is different, but in the UK it’s bad for your credit file as it looks like you don’t have cash to hand and therefore you’re resorting to using your credit card to get access to cash. 

Many credit card companies charge a fee for cash withdrawals. I have no idea if mine does or not because I’ve never done it before. 

As you've immediately repaid the money there's no issue. This is with reference to those who are withdrawing cash to fund their day to day expenditure. 

flaneurs_lobster

sammyjammy said:

Can I suggest that you change the PIN for one of the cards, its really not advised to have them all the same.  If someone sees you taking out cash and then steals your bag they have everything they need.

It would also save you making the same mistake again.

This is a very good idea and something that's already true across other cards, just not the debit/credit of this one bank.

bluelad1927

kempiejon said:

sammyjammy said:

Can I suggest that you change the PIN for one of the cards, its really not advised to have them all the same.  If someone sees you taking out cash and then steals your bag they have everything they need.

It would also save you making the same mistake again.

We've had 2 users post that they made the mistake, the OP said they accidently took the wrong card out. Neither have said they use the same number for debit as credit cards.
Not to say they didn't but it's a mix up of cards not of PINs or a mistake by having the same PIN that's been discussed. Of course it could be but that's not explicitly 

This makes no sense whatsoever. If someday accidentally put their credit card in the machine and used  their debit card pin (different number) then they wouldn't have been able to obtain cash.

Intact it would have prompted them to realise their error.

It is very difficult to see how this error could have happened unless the identical pin was being used

kempiejon

bluelad1927 said:

..

It is very difficult to see how this error could have happened unless the identical pin was being used

Right, I think I can see how it could happen without it being identical PINs. You, absent mindedly, put the wrong card in the ATM stick in the relevant PIN for that card, withdraw cash.
Having the same PIN for different things wasn't my first though, it's not how I roll.

electriccactus

Hoenir said:

pjs493 said:

lisyloo said:

Can you let me know the source that says this a big no-no.
lots of us take cash out abroad on credit cards on holidays.

why do you think there might be a fee?
usually you get charged interest but on zero days that will be zero.

Check out the credit card section on this website, it talks about how it’s bad to take out cash on a credit card in the UK. Withdrawing overseas is different, but in the UK it’s bad for your credit file as it looks like you don’t have cash to hand and therefore you’re resorting to using your credit card to get access to cash. 

Many credit card companies charge a fee for cash withdrawals. I have no idea if mine does or not because I’ve never done it before. 

As you've immediately repaid the money there's no issue. This is with reference to those who are withdrawing cash to fund their day to day expenditure. 

Anyone reviewing the credit file will have no idea whether it was repaid immediately or not, only that £x was a cash advance in that month.

That could still be an indication of financial distress. Whether a lender takes issue with that is up to them.

KeepOnKnitting

I wouldn't worry about the impact on your credit record. As long as it is a one-off and the balance gets paid, it will be negligible. I've done this myself on a couple of occasions, where I didn't have my debit card and needed cash. Once because I was disorganised, once on a night out when alcohol was involved!  Pretty sure there was no observable impact on my credit scoring, and I still got approved for everything I applied for subsequently. 

pjs493

sammyjammy said:

Can I suggest that you change the PIN for one of the cards, its really not advised to have them all the same.  If someone sees you taking out cash and then steals your bag they have everything they need.

It would also save you making the same mistake again.

I struggle to remember the PIN I use due to dyslexia, if I had different PINs I’d have to write them down to remember them. 

sourcrates

You have the option to withdraw cash as one of the benefits of having your card, use it, don`t use it, it will have zero affect on anything, just an option you are given by your provider, most credit cards offer the same function.

You can drive yourself nuts by looking at every angle, try not to overthink these things.

pjs493

As a few people have mentioned it; I always pay off my credit card balance in full every month so never incur interest charges. I only use my credit card because it’s a reward card with cash back. So I use it for everyday shopping and clear the balance from my current account. 

I contacted my bank via the in-app chat function. After being transferred to a human they said they couldn’t cancel the fee because they didn’t have access to that system and I’d be charged £3 which is the flat fee for cash withdrawals under £300 (otherwise it’s 3% of the amount). They said I could call and speak to card services to ask them to refund the fee as a goodwill gesture. But it wasn’t guaranteed. 

However, I’ve always found whenever I call my bank I end up on hold for an hour and then end up speaking to someone who is just reading from a crib sheet so I’m resigning myself to the fact that I’ve made a £3 mistake and can’t be bothered to go through the drama of wasting an hour of my life on a phone call to potentially get nowhere. 

Although I’m concerned about the impact on my credit report, I don’t actually have any intentions to open a new credit card or take out an loan any time soon. I am in the process of buying a house as a cash buyer, so no mortgage company to worry about. It needs refurbishing/renovating, so it was more about ensuring I keep my excellent credit rating and history so that I am a good candidate for any 0% finance deals that might be out there in kitchens/bathrooms/etc. Even though I’m likely to just pay up front using my credit card for the cash back and take the money out of savings.