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  • FIRST POST
    • Jasonkg9
    • By Jasonkg9 13th Jun 19, 3:25 PM
    • 7Posts
    • 0Thanks
    Jasonkg9
    Aqua credit card cash withdrawal
    • #1
    • 13th Jun 19, 3:25 PM
    Aqua credit card cash withdrawal 13th Jun 19 at 3:25 PM
    (AQUA CLASSIC)

    Hello I don't no if I am posting in the wrong place I think I might be. 😁

    I just wanted to no how much would it cost each day if I made a £200 cash withdrawal from my credit card. The Apr is 49.9%

    I did try and post In the credit card section but it said only post about deals&offers and come to the "i wanna" form.

    Thanks
Page 1
  • archived user
    • #2
    • 13th Jun 19, 3:35 PM
    • #2
    • 13th Jun 19, 3:35 PM
    Bear in mind it will hurt your credit history as well as costing you an absolute fortune. You should never withdraw cash on a credit card.
    • Willing2Learn
    • By Willing2Learn 13th Jun 19, 3:37 PM
    • 4,383 Posts
    • 3,925 Thanks
    Willing2Learn
    • #3
    • 13th Jun 19, 3:37 PM
    • #3
    • 13th Jun 19, 3:37 PM
    Bear in mind it will hurt your credit history as well as costing you an absolute fortune. You should never withdraw cash on a credit card.
    Originally posted by beany_bot
    ^^^ This ^^^

    Have you considered making £200 worth of purchases on your card instead (things like food and travel costs), so that you don't incur the fee or damage to your credit file?
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    • Ben8282
    • By Ben8282 13th Jun 19, 3:41 PM
    • 3,529 Posts
    • 1,951 Thanks
    Ben8282
    • #4
    • 13th Jun 19, 3:41 PM
    • #4
    • 13th Jun 19, 3:41 PM
    £6 cash withdrawal fee.
    Interest at about 28p per day if at 49.9% but think the 49.9% APR card has a higher rate of 59.95% APR for cash transactions, so say about 33p per day. Very approximate figures,
    • Jasonkg9
    • By Jasonkg9 13th Jun 19, 3:55 PM
    • 7 Posts
    • 0 Thanks
    Jasonkg9
    • #5
    • 13th Jun 19, 3:55 PM
    • #5
    • 13th Jun 19, 3:55 PM
    Thanks ben ��

    Willing2learn - Yes but the money is not for me it's for a family member. I just wanted to no how much daily interest would be, as if its alot then i wont do it but it's only going to be a 1 time thing.

    Thanks all
    • MallyGirl
    • By MallyGirl 13th Jun 19, 4:12 PM
    • 3,969 Posts
    • 9,408 Thanks
    MallyGirl
    • #6
    • 13th Jun 19, 4:12 PM
    • #6
    • 13th Jun 19, 4:12 PM
    regardless of interest it will leave a footprint on your credit history that you took cash from a credit card (which is generally not seen as a positive thing to do)
    • Yellow_mango
    • By Yellow_mango 13th Jun 19, 4:21 PM
    • 368 Posts
    • 640 Thanks
    Yellow_mango
    • #7
    • 13th Jun 19, 4:21 PM
    • #7
    • 13th Jun 19, 4:21 PM
    If it’s for a family member and this is the only way you can access the cash to lend them, this sounds like a recipe for disaster.

    This is not money you can afford to lend.
    • adindas
    • By adindas 13th Jun 19, 5:06 PM
    • 4,158 Posts
    • 2,632 Thanks
    adindas
    • #8
    • 13th Jun 19, 5:06 PM
    • #8
    • 13th Jun 19, 5:06 PM
    If it’s for a family member and this is the only way you can access the cash to lend them, this sounds like a recipe for disaster.

    This is not money you can afford to lend.
    Originally posted by Yellow_mango
    It has been numerous cases here on MSE where people end up with family dispute. The one who use their credit card to help lending money for family will pay all of the cost including ruining the creditworthiness.
    Last edited by adindas; 13-06-2019 at 5:11 PM.
    • Gary_Dexter
    • By Gary_Dexter 13th Jun 19, 5:45 PM
    • 6,553 Posts
    • 4,347 Thanks
    Gary_Dexter
    • #9
    • 13th Jun 19, 5:45 PM
    • #9
    • 13th Jun 19, 5:45 PM
    Don’t withdraw cash on a credit card, even for a family member.

    Seek alternative ways of getting funds together
    • dresdendave
    • By dresdendave 13th Jun 19, 6:11 PM
    • 826 Posts
    • 1,031 Thanks
    dresdendave
    If itís for a family member and this is the only way you can access the cash to lend them, this sounds like a recipe for disaster.

    This is not money you can afford to lend.
    Originally posted by Yellow_mango
    In reality it not being lent, it's being given away as it's virtually certain the "loan" will never be repaid.
    • Jasonkg9
    • By Jasonkg9 13th Jun 19, 6:42 PM
    • 7 Posts
    • 0 Thanks
    Jasonkg9
    Ok thanks people for your answers. I don't think I be doing it now.
    • Catsacor
    • By Catsacor 14th Jun 19, 3:04 PM
    • 233 Posts
    • 205 Thanks
    Catsacor
    It's awful not being able to help freinds and family out when they ask - but - it's probably for the best, your hard earned money might have been kissed goodbye, never to be repaid again.

    How many hours work do you have to do to earn that £200 back ?
    That's the way i look at spending !
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