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  • FIRST POST
    • woo_ming
    • By woo_ming 16th May 18, 4:27 PM
    • 1Posts
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    woo_ming
    Credit Card payment
    • #1
    • 16th May 18, 4:27 PM
    Credit Card payment 16th May 18 at 4:27 PM
    Hello,
    Please I have a credit card and I want to use it to pay part of my tuition fees for University. I am a bit confused. If I used the University's POS, will I be charged like its a cash withdrawal or a normal POS transaction. Thank you.
Page 1
    • molerat
    • By molerat 16th May 18, 4:41 PM
    • 19,427 Posts
    • 13,628 Thanks
    molerat
    • #2
    • 16th May 18, 4:41 PM
    • #2
    • 16th May 18, 4:41 PM
    I would expect it to be a purchase, I can't see a uni having a MCC that is quasi-cash. Most likely
    8220 Colleges, Junior Colleges, Universities, and Professional Schools
    Last edited by molerat; 16-05-2018 at 4:44 PM.
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    • T-G-C
    • By T-G-C 17th May 18, 10:55 PM
    • 392 Posts
    • 190 Thanks
    T-G-C
    • #3
    • 17th May 18, 10:55 PM
    • #3
    • 17th May 18, 10:55 PM
    They are not allowed to treat a transaction like cash, unless it is cash related. The main exceptions with most providers are gambling and anything else of monetary exchange like gift vouchers.

    If you did get charged 3% + cash interest, contact them and I am sure the mistake would be identified and then rectified.
    All advice provided is intended for guidance purposes only. For specialized debt advice, please contact either National Debtline or StepChange.
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