Putting credit card in credit to get fee free cash withdrawls

mda99das

About 10 years ago I added cash to my credit card account to put the balance in credit. The card gives me near enough the spot rate.  I was pleasantly surprised no fees were levied, can you still do this?

J_B

If you have a Barclaycard *Rewards* card, you can withdraw cash (and pay off the balance IN FULL on the due date) without any cash advance charges

bagand96

It might be against the terms of your card, and whether it will work or not will depend on the card issuer and how they may handle it.

Although why run the risk of having issues when abroad? Just wait for the transaction to clear and pay it off immediately (interest will be pence).  Or even better get one of the many available fee free debit cards with various banks (high street or app based)

user1977

Many cards simply won’t allow you to keep the account in credit.

Emmia

Having a card in credit is often against the T&C's - doing it on purpose could lead to your card being forcibly closed.

born_again

mda99das said:

About 10 years ago I added cash to my credit card account to put the balance in credit. The card gives me near enough the spot rate.  I was pleasantly surprised no fees were levied, can you still do this?

Is against T/C to do this now. You may even find the payment bounce or at worst CC facility closed.

jbrassy

As others have said, it will likely go against your credit card provider's T&Ss to deliberately put the card in credit. Far better to just get a debit card which offers fee free ATM withdrawals abroad. Starling and First Direct are probably your best options.