The whole idea of a credit card is to use it to make purchases or cash withdrawals and then pay for it later.
The whole idea of a credit card is to use it to make purchases or cash withdrawels and then pay for it later. I can never understand why people preload them unless of course the amount to be spend is over the limit.
You could just use it to pay for things in the next while until the balance is reduced.
You won't have to pay any extra to use it.
The banks are no longer keen on this though. If they have judged you to be creditworthy for €2k, you load up another €3k and the card is stolen and €5k goes missing, the bank is liable for €5k even though they assessed you as a €2k risk.
As far as I know, you're not covered for the pre-loaded amount. If someone clones with your card, the bank would cover you for 2k but you loose your own 3k.
Exactly. Most banks won't cover credit amounts. Laser is an extremely expensive method to get cash abroad. Visa debit cards are much better but even then, I find credit cards to be cheaper.
The whole idea of a credit card is to use it to make purchases or cash withdrawels and then pay for it later. I can never understand why people preload them unless of course the amount to be spend is over the limit.
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we travel to spain between 6to8 times a year, and we are not charged anything for cash withdrawls. we use atms that have the cirrus symbol. we have a boi current acct and the cash withdrawls are just taken from the balance .the laser card was issued also from boi.
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