Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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i have a tesco clubcard credit card (interest free on purchases for a year), if i take money out of a cashpoint to pay for something will i be charged interest on this amount and will it cost me anything to take the money out?
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Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
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There's is usually a charge for cash withdrawals yes
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Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
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I'm sure it's 3% plus interest
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Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
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http://www.tescofinance.com/personal/finance/finance/creditcards/clubcc/summary-box.jsp
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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so its 3% handling fee, 1.873% monthly fee, 24.942% annual fee?
no 0%?
thanks
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Kerry
Member
Registered: 5th Oct 01
Location: Norwich
User status: Offline
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Doesn't look like it
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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gay ok cheers.
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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Nope Benjee, I've got the same credit card. Just 0% for purchases
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Jambo
Member
Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
User status: Offline
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Avoid taking cash out from a Credit card. EVER.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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i never have, just wondered.
would the same apply to an item on ebay and paying for it via paypal (not a company, just a normal person selling stuff)?
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Root
Member
Registered: 28th Dec 08
User status: Offline
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quote: Originally posted by Jambo
Avoid taking cash out from a Credit card. EVER.
or even better, avoid getting a credit card. EVER.
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harrisp
Member
Registered: 15th Dec 07
Location: Derbyshire
User status: Offline
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quote: Originally posted by Root
quote: Originally posted by Jambo
Avoid taking cash out from a Credit card. EVER.
or even better, avoid getting a credit card. EVER.
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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Most shortsighted comment ever
Paypal payments from credit cards count as general purchases so no charge.
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Root
Member
Registered: 28th Dec 08
User status: Offline
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quote: Originally posted by AndyKent
Most shortsighted comment ever
Paypal payments from credit cards count as general purchases so no charge.
what's wrong with a debit card
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ed
Member
Registered: 10th Sep 03
User status: Offline
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Paypal always comes up as a purchase. I believe you can transfer from your credit card into your bank account for a fee but only be charged your standard interest rate (i.e. 0%) with some cards. Could come in useful if you were to buy a car I guess. Need to read the fine print though...
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ed
Member
Registered: 10th Sep 03
User status: Offline
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quote: Originally posted by Root
quote: Originally posted by AndyKent
Most shortsighted comment ever
Paypal payments from credit cards count as general purchases so no charge.
what's wrong with a debit card
The Consumer Credit Act 1974
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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quote: Originally posted by Root
quote: Originally posted by Jambo
Avoid taking cash out from a Credit card. EVER.
or even better, avoid getting a credit card. EVER.
retard.
as long as you pay it all back within the interest free period it's fine.
how else would i have afforded to have bought all my funiture after spending 20k on moving in the first place?
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AndyKent
Member
Registered: 3rd Sep 05
User status: Offline
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quote: Originally posted by Root
quote: Originally posted by AndyKent
Most shortsighted comment ever
Paypal payments from credit cards count as general purchases so no charge.
what's wrong with a debit card
Whats wrong with only spending what you know you have coming in?
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Corsa_Sport21
Member
Registered: 13th Apr 08
Location: Leven, Fife. Drives : 205 GTi
User status: Offline
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So Ben G you have waded in in that other thread about loans and mortgages and stuff yet you have bought all your furniture with a credit card??
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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and paid it all back within the interest free period. whats wrong with that?
cost me nothing extra.
i also put my car insurances on there also, then pay back within the 0% period and get charged nothing.
if you don't pay it back then yes, you are fucked.
but i am comfortable to be able to put a bit away every month and pay it off.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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and loans are different. i don't really like loans because you have no interest free on them so always pay back more then it cost to take out.
good if you buy a car or something that will appreciate though.
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Corsa_Sport21
Member
Registered: 13th Apr 08
Location: Leven, Fife. Drives : 205 GTi
User status: Offline
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Yet you advised that bloke to save up.
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Corsa_Sport21
Member
Registered: 13th Apr 08
Location: Leven, Fife. Drives : 205 GTi
User status: Offline
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But if you can afford the repayments then whats wrong with a loan??
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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if he has no outgoings like a mortgage then yes save up.
i put away 1.5k a month when i lived at home.
my outgoings are now almost 2k a month so it's impossible for me to save up a hefty amount nowadays.
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Root
Member
Registered: 28th Dec 08
User status: Offline
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quote: Originally posted by Ben G
quote: Originally posted by Root
quote: Originally posted by Jambo
Avoid taking cash out from a Credit card. EVER.
or even better, avoid getting a credit card. EVER.
retard.
as long as you pay it all back within the interest free period it's fine.
how else would i have afforded to have bought all my funiture after spending 20k on moving in the first place?
credit cards lead to debt
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