Barclaycard account credit - can I send it to another bank account etc?

Curly_one_2

Belenus said:

MattMattMattUK said:

Curly_one_2 said:

MattMattMattUK said:

Curly_one_2 said:

Brie said:

If you have a credit on a card (which the banks won't like) you can then move the money from the card and pay off your friend.  So if you then take the money off the card via an ATM (assuming your card is completely in credit) then you can deposit that into a current account and transfer it to your friend.  If you try to send the money directly from the card to your friend then you will be doing a money transfer and that will incur a fee - maybe 5% or similar.  

If you don't have the available credit on your card that you owe the friend then you will be potentially be getting a cash advance that will incur an ongoing charge of 25% or 29% until it is cleared.  

Hi. My credit card balance is zero.

The money will go in giving me full available credit from the refund.

I've never withdrawn from an ATM with a credit card, but the amount will be too high to withdraw.

I just did a quick Google on doing this and it says withdrawing cash on a credit card will affect my credit file too (and I keep that in good order )

It looks like there's no options open to me really.

The option is that once the card is in credit you have the balance refunded to your current account, then transfer it to the friend. Is there a reason you are so averse to that option?

From my original post:

"I'd really prefer to send the money to them (without it going into my bank account and then back out again)"

Thanks

I know that is in your original post, but the question was why are you averse to the most rational course of action, and indeed the only course of action that is open to you.

I can think of a few reasons why the OP might want to avoid going via his/her bank, some of which make it understandable why he/she doesn't want to reveal his/her reason on here.

As he writes above, we don't need to know his/her reasons although it does appear that he/she only has the bank option.

Thank you.

MattMattMattUK

Curly_one_2 said:

MattMattMattUK said:

Curly_one_2 said:

MattMattMattUK said:

Curly_one_2 said:

Brie said:

If you have a credit on a card (which the banks won't like) you can then move the money from the card and pay off your friend.  So if you then take the money off the card via an ATM (assuming your card is completely in credit) then you can deposit that into a current account and transfer it to your friend.  If you try to send the money directly from the card to your friend then you will be doing a money transfer and that will incur a fee - maybe 5% or similar.  

If you don't have the available credit on your card that you owe the friend then you will be potentially be getting a cash advance that will incur an ongoing charge of 25% or 29% until it is cleared.  

Hi. My credit card balance is zero.

The money will go in giving me full available credit from the refund.

I've never withdrawn from an ATM with a credit card, but the amount will be too high to withdraw.

I just did a quick Google on doing this and it says withdrawing cash on a credit card will affect my credit file too (and I keep that in good order )

It looks like there's no options open to me really.

The option is that once the card is in credit you have the balance refunded to your current account, then transfer it to the friend. Is there a reason you are so averse to that option?

From my original post:

"I'd really prefer to send the money to them (without it going into my bank account and then back out again)"

Thanks

I know that is in your original post, but the question was why are you averse to the most rational course of action, and indeed the only course of action that is open to you.

I'd rather not state my reasons in a public forum, and I believe sharing that info is not necessary to add to the question asked.

Thank you.

It is your prerogative not to share that information if you choose, as it is everyone's on this forum, or in life, outside specific legal circumstances. However as what you are asking about is not possible, if you had offered up the reasons then others may be able to advise of possible solutions, if your reasons were moral and legal. I can think of at least one way to circumvent the process, which is different answer to the question you asked, however I cannot think of a legitimate reason why one would want to circumvent the process. 

Curly_one_2

MattMattMattUK said:

Curly_one_2 said:

MattMattMattUK said:

Curly_one_2 said:

MattMattMattUK said:

Curly_one_2 said:

Brie said:

If you have a credit on a card (which the banks won't like) you can then move the money from the card and pay off your friend.  So if you then take the money off the card via an ATM (assuming your card is completely in credit) then you can deposit that into a current account and transfer it to your friend.  If you try to send the money directly from the card to your friend then you will be doing a money transfer and that will incur a fee - maybe 5% or similar.  

If you don't have the available credit on your card that you owe the friend then you will be potentially be getting a cash advance that will incur an ongoing charge of 25% or 29% until it is cleared.  

Hi. My credit card balance is zero.

The money will go in giving me full available credit from the refund.

I've never withdrawn from an ATM with a credit card, but the amount will be too high to withdraw.

I just did a quick Google on doing this and it says withdrawing cash on a credit card will affect my credit file too (and I keep that in good order )

It looks like there's no options open to me really.

The option is that once the card is in credit you have the balance refunded to your current account, then transfer it to the friend. Is there a reason you are so averse to that option?

From my original post:

"I'd really prefer to send the money to them (without it going into my bank account and then back out again)"

Thanks

I know that is in your original post, but the question was why are you averse to the most rational course of action, and indeed the only course of action that is open to you.

I'd rather not state my reasons in a public forum, and I believe sharing that info is not necessary to add to the question asked.

Thank you.

It is your prerogative not to share that information if you choose, as it is everyone's on this forum, or in life, outside specific legal circumstances. However as what you are asking about is not possible, if you had offered up the reasons then others may be able to advise of possible solutions, if your reasons were moral and legal. I can think of at least one way to circumvent the process, which is different answer to the question you asked, however I cannot think of a legitimate reason why one would want to circumvent the process. 

You can rest easy... 

Nothing I am attempting to do is either immoral or illegal.

I'm not offended by assumptions anyone chooses to make, but stand firm that I will not divulge unnecessary private business in a public forum.

Thank you.

thor

MattMattMattUK said:

The option is that once the card is in credit you have the balance refunded to your current account, then transfer it to the friend. Is there a reason you are so averse to that option?

Is this a thing? Can you transfer a credit balance on a credit card to your current account? If this can be done fee free then isn't that a way to stooze from credit cards using 0% fee free balance transfers like the good old days?

born_again

Curly_one_2 said:

MattMattMattUK said:

Curly_one_2 said:

Brie said:

If you have a credit on a card (which the banks won't like) you can then move the money from the card and pay off your friend.  So if you then take the money off the card via an ATM (assuming your card is completely in credit) then you can deposit that into a current account and transfer it to your friend.  If you try to send the money directly from the card to your friend then you will be doing a money transfer and that will incur a fee - maybe 5% or similar.  

If you don't have the available credit on your card that you owe the friend then you will be potentially be getting a cash advance that will incur an ongoing charge of 25% or 29% until it is cleared.  

Hi. My credit card balance is zero.

The money will go in giving me full available credit from the refund.

I've never withdrawn from an ATM with a credit card, but the amount will be too high to withdraw.

I just did a quick Google on doing this and it says withdrawing cash on a credit card will affect my credit file too (and I keep that in good order )

It looks like there's no options open to me really.

The option is that once the card is in credit you have the balance refunded to your current account, then transfer it to the friend. Is there a reason you are so averse to that option?

From my original post:

"I'd really prefer to send the money to them (without it going into my bank account and then back out again)"

Thanks

Sadly it is not a option for very good reasons.
AML..

Credit cards are not designed to work in the way you want. 🤷‍♀️

So you could spend the credit on your normal monthly spending & send the funds from your banks account, or transfer from bank to PP & then send to them.

MattMattMattUK

thor said:

MattMattMattUK said:

The option is that once the card is in credit you have the balance refunded to your current account, then transfer it to the friend. Is there a reason you are so averse to that option?

Is this a thing? Can you transfer a credit balance on a credit card to your current account? If this can be done fee free then isn't that a way to stooze from credit cards using 0% fee free balance transfers like the good old days?

It is, but you cannot use it to stooze because deliberately putting your card into credit is a breach of the terms and conditions, card providers will refuse a balance transfer where it takes the card into credit, they only allow a credit balance where it comes from refunds or rebates.