Can You Get Cash Back Off A Credit Card

[dsvd]

Hi I was wondering if there was a way to get cash back off a credit card without transferring money fro my credit card to my debit card?


Thank you

[dannyk13]

Use an ATM?

[bednobs]

you can insert them into a cashpoint usually - and get totally hammered with interest

[hc4361]

You can withdraw money from a cashpoint

[fiction-factory]

Some credit cards offer cashback deals- eg you get maybe 1% of your monthly spend added back a s acredit on your statement- but I take it you are looking to be able to withdraw a cash amount

[Postdog]

Don't go there. Seriously do not get money off a credit card!

[gingejbee]

It's a slippery slope that some never get off....cash from a credit card costs you lots...

[Samuraisan]

Do not start. It is a slippery slope as gingebee says. However tempting it seems.

[Buenchico]

You can't get 'cashback' in supermarkets, etc, with a credit card.

You can withdraw cash from an ATM but:
(a) you'll probably have to pay a transaction fee ;
(b) the interest rate on cash advances is usually significantly higher than on card payments ; and
(c) there's usually no 'interest free' period on cash advances, so interest is charged from the moment you withdraw the money, rather than from when you receive your next statement.

If you need to use your credit card to fund day-to-day living expenses (such as supermarket shopping) it makes more sense to simply pay for your shopping with your credit card, rather than to withdraw cash to use for your shopping.

[Tilly2]

You can, but as others have said, you really shouldn't.

[Peter Pedant]

awful deal
I have to remember - blue cash
grey - credit card

five or ten quid to withdraw
them 2% per month for three months

so £100 it is £100 + 5 + 2x3 = £111 -oh and the ATM may charge

blush makingly expensive esp if you have cash somewhere else ( other account - sock - etc )

if you have stuff on the card at present
then it stays at the bottom of the pile ( = best interest rate for them) until the whole lot is paid off

terrible deal

whenever a bank CEO gets fired I have a stiff drink