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 - Discussion board
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By gtaylor
On 06/01/01
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My son is traveling abroad with his first credit card. If I establish a credit balance on his card will he be charged for cash advances? In other words if the cash is already on his credit card account can he be charged anything?
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By colin
On 06/06/01
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That is a good question. You may want to ask the issuer directly. I would think that if you have a credit balance you will avoid finance charges but will still be charged a cash advance fee.
Also ask the issuer about foreign exchange fees. Last I checked Visa and Mastercard charge card issuers 1% when you use your credit card outside the country. Issuers decide whether to pass this on to the cardholders.
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By The_Insider
On 06/08/01
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Yes, you will still be charged a cash advance fee. The situation you're describing would be what is called a "stored value card".
One such card is called "Visa Buxx". You can find info about it on the Visa.com website.
The_Insider
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your questions are answered by the gromco team and card users like you
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