in Stoozing: free cash from credit cards
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Sorry if I've got this on the wrong thread or something. I'm new to forums! Looking at credit cards which give free cash withdrawals abroad (eg Halifax Clarity). Appreciate the "free" is a bit of a stretch but as per MSE if you take cash out abroad then pay it back the same day using on-line banking, the interest barely has time to calculate, let along whack a charge of any significance on! Personally, I'm not keen with on-line banking on what will be a fairly insecure hotel "open" network. Would I be able to say pay into my credit card account an amount of money before hols from my secure home connection so it's in my credit card account which I'm just then drawing against when on hols? This would seem to work to me with the only catch being I'm taking cash out of a current account which pays a little bit of interest to sit in a credit card account earning nothing. Does anyone have a view on this?
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