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  • FIRST POST
    • Sncjw
    • By Sncjw 8th Jul 18, 9:59 AM
    • 1,958Posts
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    Sncjw
    Clarity withdrawal abroad
    • #1
    • 8th Jul 18, 9:59 AM
    Clarity withdrawal abroad 8th Jul 18 at 9:59 AM
    Hi Iím going to Spain in the future and I am wondering about the clarity card abroad.

    I have never withdrawn cash from the card in the UK. Iíve just used it for purchases.

    Can someone explain it to a novice how the clarity card works abroad. My interest is 19%.

    I will be taking euros but have card as a backup and to spend in the airport in the UK.

    Thank you
Page 1
    • eDicky
    • By eDicky 8th Jul 18, 10:22 AM
    • 3,924 Posts
    • 2,077 Thanks
    eDicky
    • #2
    • 8th Jul 18, 10:22 AM
    • #2
    • 8th Jul 18, 10:22 AM
    I will be taking euros but have card as a backup
    Originally posted by Sncjw
    It should be the opposite, using your Clarity card for everything and avoiding the expense of buying cash euros, except perhaps a few for backup if you're not confident.

    Pay with the card whenever possible, withdraw from an ATM when needed, many charge a few euros so try to find one that doesn't. The minimal daily interest on withdrawals can be limited to pennies if you pay it off early.

    The thing to beware of is DCC (Dynamic Currency Conversion), a legal scam whereby attempts are made to charge your card in pounds at a terrible exchange rate. At an ATM reject the offer of an exchange rate for pounds by selecting 'Without Conversion' or similar, and make sure when paying by card that the choice of euros is selected before and/or after you input your PIN.
    • Sncjw
    • By Sncjw 8th Jul 18, 6:04 PM
    • 1,958 Posts
    • 1,152 Thanks
    Sncjw
    • #3
    • 8th Jul 18, 6:04 PM
    • #3
    • 8th Jul 18, 6:04 PM
    We have already got the Euro!!!8217;s. It!!!8217;s because there!!!8217;s many of us going and we are going to pool money in certain places.
    • Craig1981
    • By Craig1981 9th Jul 18, 6:22 AM
    • 450 Posts
    • 211 Thanks
    Craig1981
    • #4
    • 9th Jul 18, 6:22 AM
    • #4
    • 9th Jul 18, 6:22 AM
    even though there is no charge for withdrawal on Clarity, surely this is still classed as a cash advance? Cash advances hurt your credit score, or so i believe
    I would however use it for anything and everything to purchase with chip and pin - using euro rate and NOT £ rate as eDicky suggested, and use your euros you have for the small things where you cannot use your card
    • zx81
    • By zx81 9th Jul 18, 6:35 AM
    • 19,380 Posts
    • 20,706 Thanks
    zx81
    • #5
    • 9th Jul 18, 6:35 AM
    • #5
    • 9th Jul 18, 6:35 AM
    Cash advances in a well managed account aren't anything to be concerned about. And of course, your credit score isn't a real thing.
    • Craig1981
    • By Craig1981 10th Jul 18, 5:23 AM
    • 450 Posts
    • 211 Thanks
    Craig1981
    • #6
    • 10th Jul 18, 5:23 AM
    • #6
    • 10th Jul 18, 5:23 AM
    even though there is no charge for withdrawal on Clarity, surely this is still classed as a cash advance? Cash advances hurt your credit score, or so i believe
    I would however use it for anything and everything to purchase with chip and pin - using euro rate and NOT £ rate as eDicky suggested, and use your euros you have for the small things where you cannot use your card
    Originally posted by Craig1981
    apologies - not credit score, but credit file
    • chattychappy
    • By chattychappy 10th Jul 18, 8:30 AM
    • 6,951 Posts
    • 3,795 Thanks
    chattychappy
    • #7
    • 10th Jul 18, 8:30 AM
    • #7
    • 10th Jul 18, 8:30 AM
    I regularly use Clarity and Santander Zero to pull out cash.

    My "score" with Experian is 999 for those who are interested in such things.
    • pochisoldi
    • By pochisoldi 10th Jul 18, 9:06 AM
    • 147 Posts
    • 88 Thanks
    pochisoldi
    • #8
    • 10th Jul 18, 9:06 AM
    • #8
    • 10th Jul 18, 9:06 AM
    Cash advances hurt your credit score, or so i believe
    Originally posted by Craig1981
    I've regularly used a Clarity card for cash withdrawals abroad, and it has had zero impact on my credit score.

    The only thing that has caused my credit score to drop was running one card at full limit for 6 months, and even then it was a drop of around 50 points. Some 3 months after paying off the balance the score is back to its original level.
    • chattychappy
    • By chattychappy 10th Jul 18, 9:54 AM
    • 6,951 Posts
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    chattychappy
    • #9
    • 10th Jul 18, 9:54 AM
    • #9
    • 10th Jul 18, 9:54 AM
    I've regularly used a Clarity card for cash withdrawals abroad, and it has had zero impact on my credit score.

    The only thing that has caused my credit score to drop was running one card at full limit for 6 months, and even then it was a drop of around 50 points. Some 3 months after paying off the balance the score is back to its original level.
    Originally posted by pochisoldi
    Yep, they recover pretty quickly. I had a "late payment" logged (CC error, by the way). I dropped from 999 to something like 800, but 3 months later it was something like 990 before returning to 999.

    As we all know by now, lenders make their own decisions not based on the "score" but the raw data from the CRAs plus what you write on the form, any previous history you have with the lender and fraud checks. The "score" that people see is something created by CRAs on their data only (which includes time on electoral roll as well as credit history) so is only a partial view.
    • lisyloo
    • By lisyloo 10th Jul 18, 11:14 AM
    • 22,733 Posts
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    lisyloo
    apologies - not credit score, but credit file

    Taking out holiday money on a well-managed credit file does not have a negative impact.
    In the context of a poor credit file, then taking out cash on credit cards could of course be interpreted negatively.
    • chattychappy
    • By chattychappy 11th Jul 18, 9:34 AM
    • 6,951 Posts
    • 3,795 Thanks
    chattychappy
    Taking out holiday money on a well-managed credit file does not have a negative impact.
    In the context of a poor credit file, then taking out cash on credit cards could of course be interpreted negatively.
    Originally posted by lisyloo
    Yep. At one time, I was making at least a couple of withdrawals every week for a couple of years. Still no problems.
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