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Withdrawing a large amount of cash from a credit card- UK ONLY?*

I need to withdraw a large amount (£3000) from my Citi Card Platinum Mastercard. I know this is a bad idea but it has to be done so please dont tell me how bad it is, I know! How can I do this as I cannot get this much from a cash point in one go? Also do i need to inform Citi Card prior to doing whatever it is I need to do? Thanks Thanks for all the replies so far. Ok so I will go into a branch of citi bank in London to withdraw the cash. What do I need to do this? Is it possible for me to simply deposit money from my credit card to my bank account?

Answers:

1) you'll need too pop in to a bank and do it over the counter. whilst your in there try and get a loan instead. whoops....sorry!!

2) You'll have to do it over a few days at about £500 a day from a cashpoint and no you don't have to inform the credit card company. They don't mind anyway as long as it's within your credit limit. It will be at an extortionate rate though. Well above the normal lending rate. If you had another credit card you could balance transfer the debt on to that one at a much lower rate, maybe even a 0% for six months and only pay a 2-3% transfer fee once you have withdrawn all the cash. This would be your best option.

3) It depends on how much your daily cash limit withdrawal is. If you need it all at once, do your transaction at a bank.

4) Albo has given you the best answer.....id pre apply for an interest free card....then as soon as ur withdraw the money get it swapped mate....possibly cheaper than gettin a loan.........but its important that as soon as u swap...cancel the citicard as u will use it again......talking from experience

5) You could ask for a money transfer, where they move some of your credit from ur credit card into your current acc, usually at a lower int rate then what you would be charged using your card in an atm.

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