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Accidentally used credit card for cash point withdrawal
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electriccactus said: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.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.
That could still be an indication of financial distress. Whether a lender takes issue with that is up to them.
There'll be other indications in this regard not just a one off withdrawl.0 -
As a side note it is possible on some cards, definitely LBG cards, to disable cash withdrawals.
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molerat said:As a side note it is possible on some cards, definitely LBG cards, to disable cash withdrawals.0
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pjs493 said:molerat said:As a side note it is possible on some cards, definitely LBG cards, to disable cash withdrawals.
TBF though, it was your own mistake
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I've seen cash marked on my credit file before.
I don't recall anything on the credit report to indicate that it was a foreign withdrawal or not.
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JonVarnas said:pjs493 said:molerat said:As a side note it is possible on some cards, definitely LBG cards, to disable cash withdrawals.
TBF though, it was your own mistake0 -
To add, it turns out I’ve been charged £7.50 and not £3 as the person I spoke to via the app chat function stated. So I may well call if I have spare time to do it.0
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molerat said:pjs493 said:To add, it turns out I’ve been charged £7.50 and not £3 as the person I spoke to via the app chat function stated. So I may well call if I have spare time to do it.0
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As an update, by credit report has been updated following the accidental cash withdrawal. Transunion/Credit Karma didn’t make a note of it, just reported the balance, and my score improved by 15 points (probably due to the increased length of time at my address). However, the ClearScore app saw my score go down by 57 points (!) and notes I made a cash withdrawal on a credit card. Looks like it’ll stay there for three months. I know the credit score number isn’t a ‘real’ thing, but the note on my file will obviously have an impact.0
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