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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
    • 19,572 Posts
    • 13,768 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
    • 477 Posts
    • 226 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.
    Advice provided from this account does not consist of any professional knowledge. For professional debt advice, please contact either National Debtline or StepChange. Advice may consist of personal experience, opinion and/or informational sources.
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