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Avoiding charges when withdrawing cash on a credit card?

I have a credit card and i need to withdraw £1000 cash, is there a way to do it without the cash advance charge plus the cash interest charge. For example getting cashback from somewhere, as that registers as a purchase.

If you have ever dodged the cash charges let me know!

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This entry was posted on Saturday, November 26th, 2011 at 12:50 pm and is filed under Cashback Credit Cards. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

8 Comments »

  1. Comment by Daniel M — November 26, 2011 @ 1:27 pm

    do not do it…………

  2. Comment by Dr Dee — November 26, 2011 @ 1:51 pm

    no

  3. Comment by bisma a — November 26, 2011 @ 2:19 pm

    dont withdraw

  4. Comment by Me Too! — November 26, 2011 @ 2:22 pm

    The only way is if they give you one of those checks..on a special rate or conditions. I get those all the time…they want you in debt and spending…it’s not a good way

  5. Comment by I love the flipflops — November 26, 2011 @ 3:17 pm

    Even if you use the convience checks with the card you will still be charged the fees and high interest….

  6. Comment by Christian93 — November 26, 2011 @ 4:11 pm

    Unfortunately, they charge a fee (usually 4% of the dollar amount that you advance from your card). It is usually written in the terms and conditions and no way to get around it. You can always call them and ask that they waive the fee this time, but it is unlikely that they will.

  7. Comment by terunaz — November 26, 2011 @ 4:38 pm

    hi, I don’t know but check this site for
    info on this stuff:
    http://credit-cards.ebookorama.com
    also these do help
    http://finance.ebookorama.com
    http://credit.ebookorama.com
    http://credit-repair.ebookorama.com
    if you get any luck please don’t forget about me lol, hope it helped you!

  8. Comment by Sampath K — November 26, 2011 @ 4:56 pm

    There are two ways of using a credit card. One is purchase goods and pay for it by swiping the card on the machine. Depending on the credit card company you may or may not pay any charges.

    Second to withdraw cash from a ATM (Automatic Teller Machine). In developing countries such as India, few money changing companies pay cash by swiping the card on the machine after deducting charges wherever ATMs are not available.

    There is no other legal way of withdrawing cash on a credit card. All withdrawals are charged at hefty rates.

    Even if you have an arrangement with a seller whereby he swipes your card and pay you cash still there would charges payable. But this is illegal and both of you may be liable for prosecution and cancellation of card.

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