Credit Card Bank Transfer???
Credit Card Bank Transfer???
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Discussion

Sterillium

Original Poster:

22,371 posts

254 months

Monday 14th December 2020
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A quick question...

If you use a credit card to transfer money into someone else’s bank account, as a deposit, does the section 75 cover still apply?

PH_77

1,411 posts

122 months

Monday 14th December 2020
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Sterillium said:
A quick question...

If you use a credit card to transfer money into someone else’s bank account, as a deposit, does the section 75 cover still apply?
I strongly suspect that may be treated the same as a cash advance, and therefore not covered under section 75. Perhaps worth checking with your credit card company.

Oakey

27,981 posts

245 months

Monday 14th December 2020
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Pretty sure you won't find a credit card that does a money transfer to anyone but your own account?

Sterillium

Original Poster:

22,371 posts

254 months

Tuesday 15th December 2020
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Oakey said:
Pretty sure you won't find a credit card that does a money transfer to anyone but your own account?
Apparently, Barclaycard do, but my concern being that section 75 won't work, which is the only reason I want to use a CC!

Alucidnation

16,810 posts

199 months

Tuesday 15th December 2020
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More the point, why?

NickCQ

5,392 posts

125 months

Tuesday 15th December 2020
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Alucidnation said:
More the point, why?
Presumably the goal is to get S75 cover for a purchase from someone that doesn't accept credit cards.

Sterillium

Original Poster:

22,371 posts

254 months

Tuesday 15th December 2020
quotequote all
NickCQ said:
Alucidnation said:
More the point, why?
Presumably the goal is to get S75 cover for a purchase from someone that doesn't accept credit cards.
Pretty much this: to get Section 75 cover from somewhere that only accepts bank transfers.