Help Needed Please

[tigeredge]

could somebody give me some advice on Cash Advance Fees work and how to minimise them. been getting bladded by them by my mastercard

is it best to deposit money then withdraw on the same day or keep it in. phoned hsbc today couldn't understand the indian i spoke to

[tigeredge]

i have been paying interest on cash even though i am actual over 200 pound in credit with my mastercard

[Mr Intensity]

Don't use credit cards for gambling?

[tigeredge]

the charges came into practice in 2007 but i never got any charges in that year. its only at the start of this year that i started getting charges its name 'interest on cash' i thought it may have come about because i was late paying my bill in december

[aliando]

try moneysupermarket.com forums - they have plenty of money experts over there.


also, ring hsbc back and ask to speak to someone that you can understand - doesnt matter where someone is from, if you cant understand them, you aint gonna get anywhere.

[tigeredge]

Originally Posted by Mr Intensity

Don't use credit cards for gambling?

I NEED TO FOR THE TYPE OF TRADING I DO. I DO NOT HAVE A LOT OF SAVINGS

i normally trade every weekend. what would be the best thing to do. leave the money in my sportsbook/betfair accounts until the next weeked or withdraw the money every weekend

[aliando]

Originally Posted by tigeredge

I NEED TO FOR THE TYPE OF TRADING I DO. I DO NOT HAVE A LOT OF SAVINGS

i normally trade every weekend. what would be the best thing to do. leave the money in my sportsbook/betfair accounts until the next weeked or withdraw the money every weekend

are you making a profit though?

if you are, then you should be able to get yourself out of debt - if you're not, then is it worth continuing?

[tigeredge]

Originally Posted by aliando

are you making a profit though?

if you are, then you should be able to get yourself out of debt - if you're not, then is it worth continuing?

i am making a good profit. i am over £500 in the clear with my credit card

[Mr Intensity]

Can't you make one cash withdrawl from the card. Deposit it in your bank account then use a debit card. So only one cash withdrawl charge?

[tigeredge]

Originally Posted by Mr Intensity

Can't you make one cash withdrawl from the card. Deposit it in your bank account then use a debit card. So only one cash withdrawl charge?

debit cards have daily limits on much you can deposit don't they?

[Mr Intensity]

Originally Posted by tigeredge

debit cards have daily limits on much you can deposit don't they?

...you gotta, credit card that's got no limit?

[Cassius Marcellus]

Originally Posted by tigeredge

debit cards have daily limits on much you can deposit don't they?

Mine hasn't. I can move what I like back and forth on my debit card. It's my money, not the banks money.

When credit cards started charging 3% on deposits to Beftair I closed those accounts down within one week.

[Valiant23]

I know that credit cards have been charging gambling transactions as cash advances for about two years - have a search on the forum and you'll see lots of threads about it.

I NEED TO FOR THE TYPE OF TRADING I DO. I DO NOT HAVE A LOT OF SAVINGS

No need to 'shout', or was your caps lock stuck?

Regardless, for as long as I was a winning poker player, I never had to make constant balance transfers from my e-wallet to my poker site. I left the money there so that I avoided these charges until it was absolutely necessary that I had to withdraw.

If (and I say if cos I don't know for sure, obviously) you're a winning trader, and you need to withdraw back to your card each week, then you will have to take these charges on the chin until such time you're more financially solvent, and can use a cheaper alternative.

[tigeredge]

i havent been getting charged as much as others on this board. what its says on my statement is

'interest on cash at 1.9% a month'

this only appears once on the bill. i was only getting charges something like 7 or 8 pound until this month. it went up to about 19 pound. in june, i was leaving my money in sportsbook accounts for weeks on end

[tigeredge]

when i withdraw money from a cash macine with my credit card, i get a 2 pound charge

[Spooner]

Originally Posted by Mr Intensity

...you gotta, credit card that's got no limit?

...and a big black jet with a bedroom in it

[Mr Intensity]

Originally Posted by Spooner

...and a big black jet with a bedroom in it

Somebody got it


..wonna join the mile high club at 37 thousand feet?

[Mr Intensity]

Could you send the money from your credit card to an eWallet like Neteller or Moneybookers? Not sure if there would be a charge for that but then you could move it between places easily.