Withdrawing Cash from Credit Card

Normally they charge a much higher interest rate on cash balances but this is obviously the wrong way around. Depends on your T&Cs but it's quite likely you'll have a cash withdrawal fee too (expect 2 or 3 quid if so).
 
There's usually a stated charge on transfers and withdrawls.

The terms and conditions should detail this for you, do you not have the contract available?
 
Contact the bank and they're usually happy to transfer it back to a current account. I've done this twice recently with Natwest after receiving two refunds from AirBNB.
 
Desmo said:
Contact the bank and they're usually happy to transfer it back to a current account. I've done this twice recently with Natwest after receiving two refunds from AirBNB.
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This^

I had some refunds to my credit card from lockdown cancellations. Asked the bank to transfer the balance to my current account and they did within an hour or so.
 
I've had situations like this.

Why not just leave it in?

When you use your credit card it'll take the 'in credit' part first until you get back in to negative.
 
Narj said:
Normally they charge a much higher interest rate on cash balances but this is obviously the wrong way around. Depends on your T&Cs but it's quite likely you'll have a cash withdrawal fee too (expect 2 or 3 quid if so).
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what about in shops with a debit card you can do cashback at the till right it it's a human serving you.

the same is possible with a credit card and then they wouldn't know it's cash?
 
arknor said:
what about in shops with a debit card you can do cashback at the till right it it's a human serving you.

the same is possible with a credit card and then they wouldn't know it's cash?
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Cashback on credit cards isn't a thing as the banks would then miss out on the interest & cash handling fee. As others have suggested, OP should contact the card issuer & request the credit balance be transferred to their bank account.
 
I made a Faster Payment of a few hundred pounds to one of my wife's credit cards by mistake, a card which she only uses abroad, so we left it in credit. Some months later she received a cheque through the post with an explanation that their credit cards could NOT be in credit.

However, occasionally I've paid off the balance on my credit card, NOT noticing that it was within a few days of the end of the month and the Direct Debit has still gone ahead, effectively putting me in credit.
 
Don't withdraw cash from a credit card even if it is your cash, it will be marked down on your credit files that you withdrew cash and some future lenders might frown upon this and not offer you the deal you were looking for.
 
I contacted AMEX about giving me back a refund balance that came in after my statement date. They were happy to send it back to my current account that is normally used to pay them via DD.

So yeah contact the card provider to do it, then they should be able to.
 
LeeUK said:
Don't withdraw cash from a credit card even if it is your cash, it will be marked down on your credit files that you withdrew cash and some future lenders might frown upon this and not offer you the deal you were looking for.
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Er what? Source? Proof? Sounds like complete rubbish.

I have had a look at my credit rating and report and there is no mention whatsoever of anything to do with withdrawing cash.

I use my Halifax Clarity credit card to withdraw cash all the time, here as well as abroad as there is no fee.
 
Belly said:
I made a Faster Payment of a few hundred pounds to one of my wife's credit cards by mistake, a card which she only uses abroad, so we left it in credit. Some months later she received a cheque through the post with an explanation that their credit cards could NOT be in credit.

However, occasionally I've paid off the balance on my credit card, NOT noticing that it was within a few days of the end of the month and the Direct Debit has still gone ahead, effectively putting me in credit.
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I've had this done with barclays when my CC was in credit
 
A2Z said:
Er what? Source? Proof? Sounds like complete rubbish.

I have had a look at my credit rating and report and there is no mention whatsoever of anything to do with withdrawing cash.

I use my Halifax Clarity credit card to withdraw cash all the time, here as well as abroad as there is no fee.
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You can Er whatever you like but credit cards report missed/late payments, how much credit you currently owe, and when you've had a cash advance.

Some future lenders checking out your file might see that as a risk but every lender and situation is different in the way they will use that data.
 
LeeUK said:
Don't withdraw cash from a credit card even if it is your cash, it will be marked down on your credit files that you withdrew cash and some future lenders might frown upon this and not offer you the deal you were looking for.
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This.

It will knock a few points from your credit score as it's regarded as bad money management. I used to do this and after I stopped, my score went up by a few points.
 
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