Not very pistonheads.
Discussion
I had applied for a loan of £5000 I had seen a car I wanted to buy for this amount. With the loan being subject to me passing probation I have been looking at a temporary car for a few month to tied me over for a year (£1500). I just wanted to make sure taking cash out of a credit card would not cost me a fortune.
R8VXF said:
Check the rate for cash withdrawals, it usually is a lot higher than the headline rate. A balance transfer is usually interest free with a small arrangement fee in the region of 3-5%. So 20-25 quid total.
So I would be better to do a balance transfer to my current account than walk into branch and withdraw the cash from CC.Edited by 1scott12007 on Sunday 1st March 20:02
Not bothered about street credit at all its a 10 mile commute each way. I just need something trouble free I'm constantly scouting gumtree eBay classified on here. Nothing seems to be with 50 miles of Bournemouth that hasn't got 150k on the clock and a full MOT for under £1000. The bank have told me intrest is daily as appose to monthly on a balance transfer although no apparent fee for the transfer. Does this sound correct?
My understanding is 16.6% is applied over 365 days as opposed to over 12 month this way?
(Please excuse my naivety again!)
My understanding is 16.6% is applied over 365 days as opposed to over 12 month this way?
(Please excuse my naivety again!)
Edited by 1scott12007 on Monday 2nd March 13:24
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