Dh withdrew money on my credit card

[Walkietalkies]

Hi,

am I overthinking this? Dh and I will need fresh use each other’s cards- I have his card details stored in my online wallet etc and vice versa.

kast week, he needed some cash but his debit card was missing. He took my credit card and withdrew £200 (we know each other’s pins) and paid the bill that needed paying (car bill). He then paid the £200 off my credit card this week.

my side is that he shouldn’t have withdrawn cash from my credit card without my permission. He can’t see the issue as I use his cards from time to time when shopping online. I think it’s different for me to use his cards to make a purchase compared to withdrawing cash.

am I overreacting?

Yes.

I don't think there's much difference & he paid it off.

If you regularly use his cards, without checking with him first, why is it different for him?

He used it to pay a bill, and then paid it straight back.

I can't see why you would have an issue with this, unless there is a relevant backstory that you have omitted?

I think YABU, presumably the bill needed paying and he did pay your credit card bill off after. My only issue would be if taking cash out incurs a fee, I'd want him to pay that back too - otherwise, what's the issue?

Does withdrawing cash on a CC not show up badly on a credit file? That is what would make me very very annoyed.

Can you say why you feel it's different or why it bothers you so much? I'm not personally seeing the issue in these circumstances but I'm guessing there might be more to it?

The only thing with withdrawing cash on a credit card is that you usually don't get an interest free period so its best to pay it off straight away

You haven’t said why it’s a problem.

Would bother me but it does depend on how to run your house and share finances. My husband and I both have a current account for wages to go into, bills to come out of etc and then any money left over goes into one account which we both use however we like, big purchases discussed.

Yes overreacting! It okay we all do this from time to time.

But no I can't see the big deal. He paid it off appropriately.

It's not different to using the card to make a payment. Some credit cards charge you for withdrawals but not all. So is that your concern? Did he not pay the withdrawal fee if your card charged for it?

This suggests it's not wise to withdraw cash from a credit card unless you really have no other choice

www.money.co.uk/credit-cards/should-you-ever-withdraw-cash-on-your-credit-card

If you're happy to use each others' credit cards I can't see why this is a problem.

If he'd taken the money and spent it going out, I might have conceded you had a bit of a point, but he spent it on paying a bill ...

I think there is a difference if you’re withdrawing cash rather than just using it to pay a bill, as some credit card companies put a flag on your account when it’s used to withdraw cash (it can suggest financial difficulties) and may impact decisions they make about your credit line in the future.

I generally don’t think taking cash out of a cc is a good idea. It sometimes has a withdrawal fee and a higher rate of interest. Unless you pay it off in full you can be stuck paying higher interest on that portion for ages.

You are right, taking cash out with a credit card is costly. I assume the car place didn't take credit cards but I think you'll find he made it more expensive

I don't think it is very different to using your card.
But using a credit card to withdraw cash is (usually) expensive so I would be peeved about that.
It is also not ok to share PINs. If you were ever defrauded, the bank could use this as evidence you didn't keep your pin secure, it is a breach of Ts & Cs.

YANBU. Withdrawing cash from a credit card shows up on your credit rating

He would've damaged your credit rating doing that, it's a big no no, generally. Did he choose your card knowing that, if so I'd be annoyed too.

Are you sure? I just googled and according to comparethemarket you can't get free cash withdrawals but it is a couple of years old. Which card have you found that will allow it?

Why didn't he take it off his own credit card? Or is your own credit allowed to be affected?

Well, now you know the system you've been using doesn't work. Time to go back to your own cards for your own shit.

You’ve asked if you’re overreacting but how are you reacting?
Why would he not have just taken your credit card, stupid taking cash out on a CC.

Bad idea to take money out on a credit card.

Even worse idea to be sharing cards and PINs.

I'd be getting the cards and PINs replaced and not sharing them in future.

Martin Lewis does advise against withdrawing cash on a credit card but I'm assuming using the card to pay the bill wasn't an option?

He's paid the amount straight away in any case. I really couldn't get my knickers in a knot about this.

People saying it’s no different to paying on your card… it generally is. It creates a flag on your account and can affect your account management in the future.

I have a Halifax Clarity MasterCard. This does not charge a cash withdrawal fee (home or abroad). It was one of the main reasons I chose this card. I have never used this feature but I know it's there if needed. Repeated "cash transactions" does trigger an alert to the bank I believe and they investigate to ensure terms and conditions are being met and there are no money issues.
The Monzo credit card also has fee free cash withdrawal.

I'm not suggesting it's a good idea to use a credit card for cash withdrawals because it really isn't but if it's a one off thing due to an emergency then I don't think it's a big deal.

As a one off, it won't make a difference to the OPs credit file, but tbh I'd have just used the card to pay the bill at the garage, it's not like anyone else would have ever noticed.

He's paid it back so he's not getting you into debt either so no worries there.