I can't be 100% certain, but would be 99% sure that you may not.
You could withdraw cash on your credit card and use the cash for the draft, but you'll be charged interest from the date of withdrawal, so that's an expensive choice.
You could withdraw cash on your credit card and use the cash for the draft, but you'll be charged interest from the date of withdrawal, so that's an expensive choice.
If you pay off the CC on time, you aren't charged interest. There will probably be a small charge for the draft itself.
You are (generally*) charged interest on cash from the date of withdrawls/cash advances (unless your account is in credit), regardless of whether or not you pay your monthly bill in time. (if you were referring to an outright purchase of the draft with your credit card, then no, you wouldn't be charged interest if the bill is settled on time)
*In some cases there may be an interest free period for cash advances-if anyone knows of cards that offer this facility, do let us know!
Any time I withdraw cash from the ATM, I'm charged a cash advance fee (%age) but no interest. I pay my credit card bill off monthly but it is not in credit (at any stage). The difference (for me) is that, if I don't pay my bill at the end of the month, interest is charged from the due date for purchases and from the withdrawal date for cash advances. I thought all CCs were the same - I have an AIB gold card.
As far as I am aware this is correct, you may be able to buy up to a certain (low) limit with cash but if it's a large amount you cannot pay for the draft with cash, to the best of my knowledge.I didn't think you could buy drafts with cash any more (money-laundering)?