M4tt_Envoy
Member
Registered: 26th Feb 06
Location: Swindon
User status: Offline
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is it possible to draw a large amount of cash from a credit card? say £2000?
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Matt H
Member
Registered: 11th Sep 01
Location: South Yorkshire
User status: Offline
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Yes but it'll be a really high interest rate
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Conway563
Member
Registered: 7th Jun 06
Location: Yate, Bristol
User status: Offline
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Yes but you will get raped on interest
It'll be a higher interest rate than purchases and its charged from the moment you take the cash out as opposed to after the bill payment date
[Edited on 18-02-2008 by Conway563]
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Matt H
Member
Registered: 11th Sep 01
Location: South Yorkshire
User status: Offline
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Rape is the correct financial term
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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i could only draw £50 a day cash on my credit card, had to go into the bank in order to draw more
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DannyB
Premium Member
Registered: 6th Feb 08
User status: Offline
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borrow 2000=pay about 4000 back
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deano87
Member
Registered: 21st Oct 06
Location: Bedfordshire Drives: Ford Fiesta
User status: Offline
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You also get charged admin fees, as well as interest.
Big no no imho.
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johnhara1
Member
Registered: 19th Oct 06
Location: Newcastle upon Tyne
User status: Offline
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Expect 30% APR
If you pay the minimum payments each month you will die before the debt is cleared 
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Dan
Premium Member
Registered: 22nd Apr 02
Location: Gorleston on Sea, Norfolk
User status: Offline
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withdraw via cash, balance transfer next day to 0% 
Adult GiftsClick here to vist us
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