I am going to be purchasing some dollars soon from the post office. I'd quite like to use my 0% purchases (for 12 months) card to do this to free up cash for investing elsewhere.
However, I need to know whether or not the purchase of currency at the post office will count as a cash transfer from the card, or a tangible purchase?
I'm pretty sure it is the latter - what do you think?
I think it will be classed as a cash advance but you should ring your card issuer to double check. I think only M&S' card allows foreign currency to class as a purchase.
I am pretty sure it will be cash advance.
Cash - from costly personal experience!
I think only M&S' card allows foreign currency to class as a purchase....and even then, only M&S Travel Money bought from an M&S Bureau de Change.
Always use cash when buying foreign currency.
On a credit card it will be treated as a cash advance and on a debit card it will be treated as a foreign withdrawall, which will (for most providers) add on a fee.
Always use cash when buying foreign currency.
On a credit card (http://www.mint.co.uk/credit-cards.asp) it will be treated as a cash advance and on a debit card it will be treated as a foreign withdrawall, which will (for most providers) add on a fee.
yep this happened to me once, lesson learned :rolleyes:
I am going to be purchasing some dollars soon from the post office. I'd quite like to use my 0% purchases (for 12 months) card to do this to free up cash for investing elsewhere.
However, I need to know whether or not the purchase of currency at the post office will count as a cash transfer from the card, or a tangible purchase?
I'm pretty sure it is the latter - what do you think?
I've only done this the once - with my Tesco CC a few years ago. It was charged as a cash transaction.
