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my side is that he shouldn’t have withdrawn cash from my credit card without my permission.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?

If I shared cards I'd be fine with him using it to pay for a car repair via their card machine. I'd expect him to text and let me know though. Just in case I spent it myself!!

I would go radio rental if he used it to withdraw cash as that would cost me money and impact my credit score.

And you say he paid it off the following WEEK? Not day? Which makes me think he's lying and didn't have the money himself at the time and didn't want to tell you he was skint.....hence the pretence of his card being lost and then presumably found after payday and he repaid you?

Or it could be it really was lost and he ordered up a new card that could explain this behaviour!

Ask to see his bank statements in due course for the day concerned and see if he had money in his bank or not.

If you've agreed to be able to use each others' cards and he's used one to pay a normal household bill I can't see that's a big problem.

Withdrawing cash on a credit card can sometimes generate extra fees, so maybe not the most sensible thing to do, but that's something he just might not have realised and so you can just educate him and both move on.

I wouldn't have an issue with this at all. It just sounds like you think it should be ok for you to use his cards but not for him to use yours.

It's the way he's used the card that's an issue. It would affect her credit score rather than his. It is also much more expensive to withdraw cash than to use the card to pay the bill directly.

This is point that needs to be made, OP,

You should NEVER share passwords, pins….if card companies cotton on you’ll have neither fraud protection or purchase protection on your cards.

why do you even need to do this? In so,e cases you can get your own nominated card holder card for each others bank..then legitimately use your own pin etc on that second card. You don’t in some cases need joint accounts to do that.

@Walkietalkies actually the withdrawing of cash is charged at a higher rate of interest than purchases! why did he not use your card to pay for the bill and then transfer the 200 from his bank to yours???

This, in bucketloads.

If you really want to both be able to use the accounts, then why not just have a joint account and be done with it?

I feel your being unreasonable.

He needed to resolve a situation. He had your PIN number and you have a custom of using each others cards.

Then he paid it off.

It all sounds pretty petty from your end.

If there was no custom of using each others cards, he stole your pin and didn't immediately pay it back that would be very different.

I agree. Why not do it the legitimate way and get them a card for your account? That way, they have their own PIN and it’s all above board.
You’re not meant to give your PIN to anyone, even your spouse.

Never known a garage that only accepts cash

Surely would have made more sneer to pay the bill via the cc

But

I don't see the issue. You use his card. He needed cash for the car bill. He paid it back

It’s not as simple as paying £200 back into your account.

1. What fees are charged? Most credit cards charge a flat fee (plus interest) on cash withdrawals.
2. Do you carry a balance in this card, or is it paid off in full every month? If it’s paid off in full, it isn’t as big of a deal. But if you carry a balance, credit cards usually have the cash withdrawals go to the bottom of the list, and that principle is paid last (and has a higher interest rate than purchases on the CC). So if you had £500 of purchases that you’re paying off, and DH added £200 in cash withdrawals, your total became £700. Even if DH put through a £200 payment that day, it will have come off of the purchases. So even though you now still owe £500, it’s gone from £500 of regular purchases to £300 of regular purchases + £200 of cash withdrawals (with the associated higher interest). If you carry a balance, he’s screwed you over and you need to get it all paid off ASAP.

That's not true any more @TidyDancer

The law says they have to apply payments to the highest interest rate charge first so the cash will come off the cash withdrawal.

But they do need to pay the card off every month to avoid paying interest on the other purchases.

I think you've tagged the wrong person @Bjorkdidit 🙂

I’ve been married for almost 30 years and I have never told my husband my PIN number and since contactless began I haven’t even given my card to him to tap nor would I. My card, I use it, nobody else gets to. You’re responsible for protecting your account.

Withdrawing cash from a credit card doesn't adversely affect credit ratings of the card holder but it isn't a financially savvy thing to do, because you get absolutely hammered with interest charges.

OP don't share each others cards, it puts you in a vulnerable position where you have no visibility and control. Keep your own card and your own PIN private.

Was he aware of this rule you have about this
to him he’s just used your card like he normally would

As a one of that was paid back within a week I don't see a problem other than it was a cash withdrawal that is not ideal.

The shared cards/pins situation is silly. Just get third party access organised between your accounts for both of you. It makes things do much easier.

You're right, I meant to tag @TakeMeDancing as was replying to the post above mine

There will likely be interest charged on the cash withdrawal from the day he took it out (regardless of any interest free periods you're in, cash is usually exempt), surely everyone knows you don't use a CC for cash?!

Yanbu, withdrawing cash on a credit card affects your credit rating and you’ll pay more interest on cash withdrawals. The money paid in doesn’t necessarily go to pay what was withdrawn, it doesn’t work like that.

The one thing I’d have issue with is that you are paying interest on withdrawing cash immediately.

Can’t see the issue here either, seems like you’re picking a fight for the fun of it.

He paid it straight off, give over.

Waiting for OP to update.....

I can see why he didn't consider it an issue. You use each others card frequently, so he probably didn't consider this is any different.

However, I really think cash withdrawl on credit is not great. But he's paid it off immediately so no biggie and I think YABU and a bit dramatic.