Comments on: There is interest payable if you take cash from ATM on a credit card, but is it same for cash back from Tesco?

By: Nikita R

Nikita R — Mon, 12 Jan 2009 10:58:59 +0000

it will be two separate transactions, so you will be charged for the £50 cash that you had. they can't charge you a cash handling fee when you've used credit. no matter where or how you use your credit card, if you physically withdraw cash from it by some means you will be charged a cash handling fee xx
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work for NatWest xx

By: tomsp10

tomsp10 — Mon, 12 Jan 2009 10:29:59 +0000

It doesn't cost you anything to get cash back on a debit card and I don't think they offer it if you use a credit card.
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By: Libby one and only.

Libby one and only. — Mon, 12 Jan 2009 09:41:59 +0000

I worked in a supermarket and generally they do not give cash back on credit cards so i do not think you need worry. Should it be possible, but i don't think it is, you pay interest on any cash advance. It is not just a one off interest either- it is payable for the entire time you owe that money.
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By: alatoruk

alatoruk — Mon, 12 Jan 2009 09:00:59 +0000

lots of people have put what i consider the right answer – you wont get offered cash back on credit cards for that very reason, debit cards only.
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By: greenlake2601

greenlake2601 — Mon, 12 Jan 2009 08:11:59 +0000

I am surprised by some financial questions on here !!!!! any cashback you take from a shop gets added to your bill, end of.
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By: angie

angie — Mon, 12 Jan 2009 07:26:59 +0000

Cashback is only given when presenting a debit card for payment of goods.

Cashback does not apply to credit cards.
(Credit Cards are cash Advance transactions not cash back transactions. )
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By: GARY T

GARY T — Mon, 12 Jan 2009 06:36:59 +0000

cashback on credit cards is usually not available at checkouts. i assume that it is because of this very reason which you have highlighted. otherwise it would be next to impossible for the card issuer to differentiate which rate of interest ( normal or cash advance) they must apply to transactions.
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By: vb7

vb7 — Mon, 12 Jan 2009 05:46:59 +0000

I don't think stores give cashback when you use a credit card only a debit card.
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By: angel77

angel77 — Mon, 12 Jan 2009 05:35:59 +0000

I dont think you can get cash back with credit cards, only with debit cards, in which case no charges apply.
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By: bostonianinmo

bostonianinmo — Mon, 12 Jan 2009 04:51:59 +0000

The excess will be treated as a cash advance and the cash advance terms and conditions will apply. This should be explained in your cardholder agreement, probably in print that will require a magnifying glass to read and likely couched in legalese terms, but it should be there somewhere.
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