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Bt into an account to withdraw
siowenson
Posts: 116
Forumite
in Credit cards
Is it possible to take out a CC, transfer funds to an account that is in credit and then take out the cash?
I ask because I want to make a purchase and having the cash in hand is always a nice bargaining tool.
I ask because I want to make a purchase and having the cash in hand is always a nice bargaining tool.
0
Comments
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With some CCs, its possible to BT from your current a/c so givng you cash. i.e. the MBNA stable of cards and eggmoney allow this.
However you will in general have to pay a 3% BT fee.
Also you can off course draw cash from a CC : here you will pay about 3% cash fee plus interest at the (high) cash rate.
whether this is worthwhile depends upon how quickly you can pay off the CC debts and of course whether by paying cash gets you at least a 3% discount.EU tariff on agricultual product 12.2%
some dairy products 42.1% cloths 11.4%
EU Clinical Trials Directive stops medical advances0 -
also if it is a large purchase you will lose any protection you get from using your credit card.0
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