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0% balance transfer for credit card cash withdrawal
cassie13
Posts: 24 Forumite
in Credit cards
Would it be possible to withdraw £1200 cash from credit card at 10.58% interest charge and balance transfer to new 0% credit card? Would this adversely affect my credit rating?
0
Comments
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Using your credit card for a cash advance doesn't directly affect your credit scoreA cash advance from a credit card account can appear on your Equifax Credit Report. As one of the most expensive ways to withdraw money, it can have a negative effect on your credit score0
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No but banks note things like this. So as we know credit score is meaning less, unlike banks reporting of cash withdrawals on a credit card.grumpy_codger said:Using your credit card for a cash advance doesn't directly affect your credit scoreA cash advance from a credit card account can appear on your Equifax Credit Report. As one of the most expensive ways to withdraw money, it can have a negative effect on your credit scoreLife in the slow lane0 -
Wouldn't it be easier to get a money transfer credit card and move the money straight from the card into your bank account?0
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