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Is balance transfere a cash advance?
Caz1965_2
Posts: 28 Forumite
in Credit cards
Firstly sorry if this question has been asked before.
If you make a balance transfer from one credit card to another is it classed as a cash advance?
I ask because i am just going through my SAR from Alliance and Leicester Credit card (want to claim back penalty charges) and i have never ever used the card for purchases just balance transfers and there is a bunch of different types of interst added. Could you pease tell me what the following mean:-
Posted Cash Advance Interest
Posted Retail Interest
Special Cash Interest
Other Interest
Thanks
If you make a balance transfer from one credit card to another is it classed as a cash advance?
I ask because i am just going through my SAR from Alliance and Leicester Credit card (want to claim back penalty charges) and i have never ever used the card for purchases just balance transfers and there is a bunch of different types of interst added. Could you pease tell me what the following mean:-
Posted Cash Advance Interest
Posted Retail Interest
Special Cash Interest
Other Interest
Thanks
0
Comments
-
No a Balance tansfer is not a cash advance, it will either be charged at 0% if you have that offer , or it will be at the standard rate of your card?0
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Thanks for that clio, but do you or anyone have any idea why they are putting cash advance interest on account? detailed interest reads:-
Posted Cash Advance Interest
Posted Retail Interest
Special Cash Interest
Other Interest0
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