Question for today

**cartoonp** · 13 Apr 21, 07:50 AM

Here my question for tody if I was to use a cc to buy dollars is it the same as if I was to draw say 100 pound from the cash machine. I was just thinking to use my cc to buy a few dollars then just pay it at end of month. I know I get a charge for ponds

Thanks all

captain-codeye · 13 Apr 21, 07:58 AM

I would avoid, in most cases (you need to check your card) the card company will charge a cash advance fee, this will be treated as a cash transaction, you will pay a fee and be charged interest from day 1.

This however depends on the card, when I had the post office card you could buy currency from the post office interest and fee free but it was never the best rate at the post office anyway.

Sorry re read your question 😬 yes it�s the same, you know about the fees, no problem.

megaflyer · 13 Apr 21, 07:58 AM

I believe it is the same as taking cash out of an ATM use you will be charged interest (at an eye watering %) from the day you carry out the transaction plus a fee

I thought you were going to use a debit card (as per your other thread) ?

400ixl · 13 Apr 21, 08:02 AM

It will be treated the same as drawing cash, which essentially you have done.

Dinglebert · 13 Apr 21, 08:03 AM

Originally Posted by cartoonp

Here my question for tody if I was to use a cc to buy dollars is it the same as if I was to draw say 100 pound from the cash machine. I was just thinking to use my cc to buy a few dollars then just pay it at end of month. I know I get a charge for ponds

Thanks all

You would be charged substantially more for purchasing money. Not too sure about duck living areas

**cartoonp** · 13 Apr 21, 08:39 AM

Thanks all I just use cash

Princess Alison · 13 Apr 21, 08:44 AM

Or you could use a debit card

400ixl · 13 Apr 21, 08:52 AM

Originally Posted by Princess Alison

Or you could use a debit card

If you do, make sure it is one which uses the spot rate and doesn't charge fees.

Sew109 · 14 Apr 21, 03:20 AM

Drawing cash from a cash point is not good for your credit rating

**Floridarules** · 14 Apr 21, 07:50 AM

I haven�t done this, but thought that I have read in the past that some dibbers draw money using a Clarity credit card and then pay this off as no fees?
Personally, I wouldn�t use a debit card, but do use a Revolut card which can then just be topped up or cash which we prefer👍

13 Apr 21, 07:58 AM	#3
	13 Apr 21, 07:58 AM megaflyer Imagineer
megaflyer Imagineer Join Date: Nov 07	I believe it is the same as taking cash out of an ATM use you will be charged interest (at an eye watering %) from the day you carry out the transaction plus a fee I thought you were going to use a debit card (as per your other thread) ?

13 Apr 21, 08:02 AM	#4
	13 Apr 21, 08:02 AM 400ixl Imagineer
400ixl Imagineer Join Date: Mar 12	It will be treated the same as drawing cash, which essentially you have done.

14 Apr 21, 03:20 AM	#9
	14 Apr 21, 03:20 AM Sew109 Imagineer
Sew109 Imagineer Join Date: Mar 15	Drawing cash from a cash point is not good for your credit rating Edited at 05:53 AM.