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

Lets say I buy items for 锟?5 using credit card and take 锟?0 as cashback on same card from any store which provide cash back facility, do they consider as a single transaction of 锟?5 or two transaction 1. Shopping for 锟?5 , 2. Cash withdrawl of 锟?0. If they consider a single transaction, its intrest free untill my due date otherwise 锟?0 would be considered as cash taken from ATM. I do not know answer yet and thats why its here.

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

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.

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

loan

Wherever you take cash out - from the ATM or as a cashback, the interest is at the higher rate for cash. Interest usually starts on the day of withdrawal for cash transactions.|||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.|||I dont think you can get cash back with credit cards, only with debit cards, in which case no charges apply.|||I don%26#039;t think stores give cashback when you use a credit card only a debit card.|||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. )|||I am surprised by some financial questions on here !!!!!

any cashback you take from a shop gets added to your bill, end of.|||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.|||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%26#039;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.|||It doesn%26#039;t cost you anything to get cash back on a debit card and I don%26#039;t think they offer it if you use a credit card.|||it will be two separate transactions, so you will be charged for the 锟?0 cash that you had. they can%26#039;t charge you a cash handling fee when you%26#039;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