Credit cards

[BensGrandad]

If you draw cash on a credit card it is expensive but if you go to Tesco and spend £30 and ask for £100 cash back does it go through and show as £130 spent in Tesco or £30 and £100 cash on your statement.

 

[Simster]

You can't get cashback on a credit card.

 

[Notters]

Think you can only get cash back on debit cards, or am I mistaken?

 

[BensGrandad]

Is it only available on a debit card. Son asked me and I didnt know the answer so thought I know where I can find out the answer.

 

[Gazwag]

You could put £100 on your bhafc ecard from your credit card and you won't get charged interest (if you pay it off at the end of the month)

 

[Joey Jo Jo Jr. Shabadoo]

You can withdraw cash at an ATM with a credit card. It normally comes with a 2 or 3% handling fee and you will certainly get charged a higher interest rate for the cash compared to standard purchases.

 

[Tricky Dicky]

I've not used a Credit Card for over 20 years - debit only. Am I unusual ?

 

[Deleted member 18477]

I've not used a Credit Card for over 20 years - debit only. Am I unusual ?

yes if you internet shop...

 

[Tricky Dicky]

yes if you internet shop...

Why, I've never thought about it.

 

[Deleted member 18477]

Why, I've never thought about it.

well its each to their own mate but its safer if you use a credit card online. debit card is fine everywhere else.

 

[BensGrandad]

Is it not the protection that a credit card gives on purchases on line.

 

[Tricky Dicky]

Is it not the protection that a credit card gives on purchases on line.

That was the only thing I could think of, and can't say it bothers me really.

 

[wakeytom]

You can withdraw cash at an ATM with a credit card. It normally comes with a 2 or 3% handling fee and you will certainly get charged a higher interest rate for the cash compared to standard purchases.

Plus the interest will start to accrue the day you take the cash out, rather than if you do not pay your statement, so you will always pay interest on it, well thats the case with many cards

 

[seagullsovergrimsby]

Is it not the protection that a credit card gives on purchases on line.

A Visa debit card is covered by Section 75 , other debit cards are not.

 

[seagullsovergrimsby]

I've not used a Credit Card for over 20 years - debit only. Am I unusual ?

No , I never have had a credit card , only a debit card.

 

[Peever]

It shows up as 2 different transactions and you will pay a different rate (I believe) on the cash taken out. SInce in theory the credit card does not have money on it when you take actual cash out they like to rip you off .