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    • Sncjw
    • By Sncjw 11th Jul 18, 7:02 AM
    • 1,916 Posts
    • 1,129 Thanks
    Sncjw
    • #2
    • 11th Jul 18, 7:02 AM
    • #2
    • 11th Jul 18, 7:02 AM
    There!!!8217;s a danger you won!!!8217;t have the card anymore
  • archived user
    • #3
    • 11th Jul 18, 7:10 AM
    • #3
    • 11th Jul 18, 7:10 AM
    What do you mean? If we lost it?
    • zx81
    • By zx81 11th Jul 18, 7:16 AM
    • 18,602 Posts
    • 19,859 Thanks
    zx81
    • #4
    • 11th Jul 18, 7:16 AM
    • #4
    • 11th Jul 18, 7:16 AM
    No. When they block it for putting it into credit.
    • Sncjw
    • By Sncjw 11th Jul 18, 7:18 AM
    • 1,916 Posts
    • 1,129 Thanks
    Sncjw
    • #5
    • 11th Jul 18, 7:18 AM
    • #5
    • 11th Jul 18, 7:18 AM
    They will remove access to it
    • chattychappy
    • By chattychappy 11th Jul 18, 9:41 AM
    • 6,897 Posts
    • 3,756 Thanks
    chattychappy
    • #6
    • 11th Jul 18, 9:41 AM
    • #6
    • 11th Jul 18, 9:41 AM
    I use Zero regularly. I'm on the maxium APR - 35%, so tend to use Clarity more (plus Clarity lets me have 500/day).

    But despite that, I would never pre-load. It's against the T+Cs and could trigger a block.

    Even on my interest rate, if I take out 100 and pay back a week later, the interest will only be 60p. In practice I pay back in a day or so, so interest is tiny.

    I did once accidentally pre-load Zero by a few hundred quid. I simply doubled up on paying the statement balance. The card wasn't blocked and eventually the positive balance was used up with further ATM withdrawals.

    So, the advice on here will always be above - don't preload, it's against T+Cs and your card might be blocked. But there are few stories (if any) of this happening. Still - not worth the risk in my view.
    • r2015
    • By r2015 11th Jul 18, 11:51 AM
    • 1,084 Posts
    • 303 Thanks
    r2015
    • #7
    • 11th Jul 18, 11:51 AM
    • #7
    • 11th Jul 18, 11:51 AM
    I have a Santander Zero credit card and I withdrew cash from ATMs in Poland and was not charged any interest.


    I did of course pay it off in full by DD.


    The exchange rate I got was 500 PLN cost 106.62


    400 PLN cost 85.05 and 100 PLN was 21.26.


    This was August 2017
    over 72 but not over the hill.
  • archived user
    • #8
    • 11th Jul 18, 9:52 PM
    • #8
    • 11th Jul 18, 9:52 PM
    Thanks all. Really helpful.
    • chattychappy
    • By chattychappy 12th Jul 18, 8:24 AM
    • 6,897 Posts
    • 3,756 Thanks
    chattychappy
    • #9
    • 12th Jul 18, 8:24 AM
    • #9
    • 12th Jul 18, 8:24 AM
    I have a Santander Zero credit card and I withdrew cash from ATMs in Poland and was not charged any interest.


    I did of course pay it off in full by DD.
    Originally posted by r2015
    That doesn't sound right at all. Did you have a positive balance at the time of withdrawal?

    Not sure about "of course"... Paying off cash withdrawals by DD is normally the WORST thing you can do, because you could be paying up to 56 days' interest.

    It is best to pay off ATM withdrawals as soon as is convenient after making them.

    This was August 2017
    Originally posted by r2015
    I've had my Zero since it was an Abbey National Zero. I have never not been charged interest on a cash withdrawal, except the short time I was running a positive balance.
    • chistery
    • By chistery 12th Jul 18, 8:25 AM
    • 38 Posts
    • 110 Thanks
    chistery
    Have you considered a Starling or Monzo type account as well? No need to pre-load a credit card and you can move your money about as required?
    • r2015
    • By r2015 12th Jul 18, 1:08 PM
    • 1,084 Posts
    • 303 Thanks
    r2015
    That doesn't sound right at all.
    Why?

    Not sure about "of course"... Paying off cash withdrawals by DD is normally the WORST thing you can do, because you could be paying up to 56 days' interest.
    Not if you don't pay interest on them.

    It is best to pay off ATM withdrawals as soon as is convenient after making them.
    See above.
    over 72 but not over the hill.
    • eskbanker
    • By eskbanker 12th Jul 18, 2:09 PM
    • 7,994 Posts
    • 8,908 Thanks
    eskbanker
    That doesn't sound right at all.
    Originally posted by chattychappy
    Why?
    Originally posted by r2015
    Because the Ts & Cs of the card are quite explicit about this, as per https://www.santander.co.uk/uk/credit-cards/zero-credit-card:
    With the Zero Credit Card, we won't charge you a cash withdrawal fee, giving you peace of mind if you do need to use it for emergencies. However, it's important to remember that interest is charged on cash withdrawals and is charged immediately so there's no interest free period.
    • r2015
    • By r2015 12th Jul 18, 2:31 PM
    • 1,084 Posts
    • 303 Thanks
    r2015
    However, it's important to remember that interest is charged on cash withdrawals and is charged immediately so there's no interest free period.
    I was never charged interest.
    over 72 but not over the hill.
    • chattychappy
    • By chattychappy 13th Jul 18, 9:16 AM
    • 6,897 Posts
    • 3,756 Thanks
    chattychappy
    Why?

    Not if you don't pay interest on them.

    See above.
    Originally posted by r2015
    Well, you didn't answer the query about a positive balance. That would be one reason why you might not have paid interest.

    Else sounds to me like a rare mistake in generating the bill.

    Have you made any other ATM withdrawals on Zero and not paid interest?

    Anyone else getting interest free ATM withdrawals on Zero?
    Last edited by chattychappy; 13-07-2018 at 9:19 AM.
    • r2015
    • By r2015 13th Jul 18, 12:10 PM
    • 1,084 Posts
    • 303 Thanks
    r2015
    Well, you didn't answer the query about a positive balance. That would be one reason why you might not have paid interest.
    I never have a positive balance on a credit card, that defeats the purpose of having a credit card.
    over 72 but not over the hill.
    • chattychappy
    • By chattychappy 14th Jul 18, 8:47 AM
    • 6,897 Posts
    • 3,756 Thanks
    chattychappy
    I never have a positive balance on a credit card, that defeats the purpose of having a credit card.
    Originally posted by r2015
    Not if the intent is to avoid interest. Also positive balances can arise through refunds.

    Again, apart from your experience in Aug 2017 in Poland, have you had other experiences of not being charged interest having made ATM withdrawals?
    • r2015
    • By r2015 14th Jul 18, 12:04 PM
    • 1,084 Posts
    • 303 Thanks
    r2015
    Again, apart from your experience in Aug 2017 in Poland, have you had other experiences of not being charged interest having made ATM withdrawals?
    No, last foreign holiday I had was in Sweden and I never needed cash there.

    Even paid to go to the toilet with my credit card, 10sek 0.85.


    At least it was clean unlike a public toilet I went to which was a disgrace.
    over 72 but not over the hill.
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