Get a cash advance on ANY credit card for a 1% fee (workaround) with Revolut
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Get a cash advance on ANY credit card for a 1% fee (workaround) with Revolut

32
Found 11th Dec 2017
If you have a Revolut card, then all you need to do it:
1. Top up your account with your desired credit card (Revolut will charge your card £505 for a £500 top up, so there’s 1% charge here)
2. Withdraw your Revolut funds to your bank account (payment within 2 hours, no cost!)

Helps if you are for example impacted by the recent changes to Lloyds/Halifax overdraft charges and have a credit card that has 0% on purchases (that’s technically what this is).

Tried and tested this myself and it works great!
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If you need cash so bad you have to contemplate taking from a credit card I’d say you’d be better spending your time thinking of ways to cut spending regather than this.
32 Comments
Does the credit card company not class this as a cash payment, which would incur a charge?
Sorry what's the deal here?
shalton20 m ago

Does the credit card company not class this as a cash payment, which would …Does the credit card company not class this as a cash payment, which would incur a charge?


Yes I believe they will and you will be charged through the nose!
cliosport6511 m ago

Sorry what's the deal here?


There isn't one!
1. Does it treat this as cash withdrawal?
2. Does this work with Amex?
meanmoose4 m ago

1. Does it treat this as cash withdrawal?2. Does this work with Amex?


Answered my own question. Doesn't work with Amex. Therefore title misleading.

news.revolut.com/pos…rds
I currently so this, it's really beneficial but I don't see the 'deal' as such
If you need cash so bad you have to contemplate taking from a credit card I’d say you’d be better spending your time thinking of ways to cut spending regather than this.
This is a hot deal in the same way as a tip about how to take out a wonga loan is a hot-deal.
shalton1 h, 21 m ago

Does the credit card company not class this as a cash payment, which would …Does the credit card company not class this as a cash payment, which would incur a charge?


Yes they would so the idea that this carries a 1% fee is wrong because it doesn't occur for the credit card charges - and to be honest, if you need cash advances off a credit card, your finances are likely already smashed to bits..
If you need to do this, look at the Curve Card, doesn’t work with Amex but has 0% fee (max £200 a day). It does work with other loyalty cards, so I top my hotel scheme up a couple of thousand points a month and my credit is intact.

There is a deal in principle here, just wrong product and it actually costs money, so had to vote cold.
I'm sure if you link your credit card to Apply Pay & then top up Revolut via Apple Pay, the charge is 0%.
this is not a deal. i would anyway stay away from these 'niche' online banks. if you search a bit you will see that the customer experience is terrible, which in my opinion is what differentiates banks nowadays...so away
Alansmithee53 m ago

Yes they would so the idea that this carries a 1% fee is wrong because it …Yes they would so the idea that this carries a 1% fee is wrong because it doesn't occur for the credit card charges - and to be honest, if you need cash advances off a credit card, your finances are likely already smashed to bits..


on the contrary, i have 2 CC's that both offer 0% on cash transfers to my bank account

how is this different to balance transfers, for example?
my card charges me 0.01% for cash withdrawals
Bubuka8323 m ago

this is not a deal. i would anyway stay away from these 'niche' online …this is not a deal. i would anyway stay away from these 'niche' online banks. if you search a bit you will see that the customer experience is terrible, which in my opinion is what differentiates banks nowadays...so away


I have two app bank accounts both have been excellent, both have saved me a lot of
money so I must disagree totally. (although I have no need for this particular deal)
Edited by: "joyf4536" 11th Dec 2017
Bubuka8357 m ago

this is not a deal. i would anyway stay away from these 'niche' online …this is not a deal. i would anyway stay away from these 'niche' online banks. if you search a bit you will see that the customer experience is terrible, which in my opinion is what differentiates banks nowadays...so away


You're talking out of your ass. Customer service is top notch, compared to the likes of HSBC, Barclays or Lloyds.
MARFW10 m ago

You're talking out of your ass. Customer service is top notch, compared to …You're talking out of your ass. Customer service is top notch, compared to the likes of HSBC, Barclays or Lloyds.


everyone will have different experiences I'm sure, but I've had sh**ty customer service from revolut too.
A2DY_2 h, 22 m ago

If you need cash so bad you have to contemplate taking from a credit card …If you need cash so bad you have to contemplate taking from a credit card I’d say you’d be better spending your time thinking of ways to cut spending regather than this.


Bit judgmental. You might as well say anyone using a credit card should be cutting spending.

Last Christmas (a week before) my car broke down. The garage I usually use doesn't take cards, was £200. Being the week before xmas I could have paid it but would have left myself a bit short, and other garages who do take cards were wanting £400+. I paid my daughter £200 by paypal from my card, she sent it back to me and I withdrew it to my bank. 2 weeks later, I gave her the cash, she refunded me through paypal (so all fees were refunded too) and I withdrew that and paid my card off before the statement date. No paypal fees, no credit card fees.
adamspencer951 h, 27 m ago

on the contrary, i have 2 CC's that both offer 0% on cash transfers to my …on the contrary, i have 2 CC's that both offer 0% on cash transfers to my bank accounthow is this different to balance transfers, for example?



Handy if you have an offset mortgage and the cards in question have a 0% interest introductory period. Just draw the cards to the max, stick the funds in a savings account linked to your mortgage and pay back to the card after the introductory period is over. ** Only do this if you are disciplined enough not to be tempted to spend any of it **
julieallen29 m ago

Bit judgmental. You might as well say anyone using a credit card should be …Bit judgmental. You might as well say anyone using a credit card should be cutting spending.Last Christmas (a week before) my car broke down. The garage I usually use doesn't take cards, was £200. Being the week before xmas I could have paid it but would have left myself a bit short, and other garages who do take cards were wanting £400+. I paid my daughter £200 by paypal from my card, she sent it back to me and I withdrew it to my bank. 2 weeks later, I gave her the cash, she refunded me through paypal (so all fees were refunded too) and I withdrew that and paid my card off before the statement date. No paypal fees, no credit card fees.


exactly

people who are smart with CC's can be better off than just cutting spending (which lets face it, isnt always possible)
MARFW1 h, 10 m ago

You're talking out of your ass. Customer service is top notch, compared to …You're talking out of your ass. Customer service is top notch, compared to the likes of HSBC, Barclays or Lloyds.




sorry but i have to disagree, i will not post links here but a simple search on the revolut forums (even by clicking the 'latest' tab) will show you how many users are unsatisfied with their support. I can also talk for my sister who has been using it and as a professional has found out a lot of 'mistakes' and misinformation that they feed to people. Have you ever heard of a SEPA transfer in CHF??? Well, apparently revolut does it....(of course not)! so do your math first, check your lesson and then come to talk a bit more politely please.
Bubuka837 m ago

sorry but i have to disagree, i will not post links here but a simple …sorry but i have to disagree, i will not post links here but a simple search on the revolut forums (even by clicking the 'latest' tab) will show you how many users are unsatisfied with their support. I can also talk for my sister who has been using it and as a professional has found out a lot of 'mistakes' and misinformation that they feed to people. Have you ever heard of a SEPA transfer in CHF??? Well, apparently revolut does it....(of course not)! so do your math first, check your lesson and then come to talk a bit more politely please.


Your initial statement did not refer to revolut specifically, but rather all of the "niche" banks. Hence my reaction, as I've had an account with Starling for a while and they've been nothing short of exceptional
adamspencer952 h, 26 m ago

on the contrary, i have 2 CC's that both offer 0% on cash transfers to my …on the contrary, i have 2 CC's that both offer 0% on cash transfers to my bank accounthow is this different to balance transfers, for example?


Really but you don't list them?
murtgurge2 h, 23 m ago

my card charges me 0.01% for cash withdrawals


Again no card mentioned at all
Anon3219 m ago

Really but you don't list them? Again no card mentioned at all


aye
why would I bother telling you my card you nosey nelly
Alansmithee4 h, 43 m ago

Yes they would so the idea that this carries a 1% fee is wrong because it …Yes they would so the idea that this carries a 1% fee is wrong because it doesn't occur for the credit card charges - and to be honest, if you need cash advances off a credit card, your finances are likely already smashed to bits..


Thought so.
Anon321 h, 39 m ago

Really but you don't list them? Again no card mentioned at all


Tesco and MBNA

they both had introductory offers of 18 and 26 months respectively (when i got them) but i now get emails every few months with 12 month 0% offers
Edited by: "adamspencer95" 11th Dec 2017
Bubuka832 h, 50 m ago

sorry but i have to disagree, i will not post links here but a simple …sorry but i have to disagree, i will not post links here but a simple search on the revolut forums (even by clicking the 'latest' tab) will show you how many users are unsatisfied with their support. I can also talk for my sister who has been using it and as a professional has found out a lot of 'mistakes' and misinformation that they feed to people. Have you ever heard of a SEPA transfer in CHF??? Well, apparently revolut does it....(of course not)! so do your math first, check your lesson and then come to talk a bit more politely please.



Your sister's a pro? I'd have kept that to myself.
adamspencer952 h, 49 m ago

Tesco and MBNAthey both had introductory offers of 18 and 26 months …Tesco and MBNAthey both had introductory offers of 18 and 26 months respectively (when i got them) but i now get emails every few months with 12 month 0% offers


That’ll be 0% interest for XX months, there will be a % fee upfront (usually between 2-4%)
A2DY_30 m ago

That’ll be 0% interest for XX months, there will be a % fee upfront ( …That’ll be 0% interest for XX months, there will be a % fee upfront (usually between 2-4%)


yeah they do, just like balance transfer cards

still 0% interest unlike the typical 15-25% for cash advances
How is this a deal? Your CC company will treat this as cash and charge you anyway. You are paying 1% extra for no reason.
Edited by: "ghost101" 31st Dec 2017
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