is it £1.80 a day or month

[rozia]

when you draw cash from the m&s credit card? thanks

[ubasses]

I thought you paid a withdrawal fee of something like 2.99% minimum of £3

[rozia]

im not sure, i want to draw cash out from it for a car, but worried about the interest.

[factor-fiction]

With most credit cards I think you are also charged interest fat a pretty high rate (around 30% APR) from the day you withdraw the cash until the day you repay it, but I'm not sure of the details and rates for M&S, but I'm sure it'll be written on the back of your statements

[dzug2]

The fee is as ubasses says That's a one off when you take the money.

Then there's interest at the rate of just under 2% per month

So £1.80 doesn't come into it at all.

[Buenchico]

Correct figures from Ubasses. You then pay interest at 23.9% (rather than the 15.9% which you pay on purchases).
http://money.marksandspencer.com/pdf/CCTC.pdf

Chris

[ubasses]

http://money.marksandspencer.com/pdf/CCTC.pdf
The Above may help
I think interest rate on cash is 23.9%