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my side is that he shouldn’t have withdrawn cash from my credit card without my permission.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

He paid it straight off, give over

The OP said he withdrew the money last week and paid it off this week, my CCs are really high interest (I pay in full) I'd be really annoyed. It's just shit money management, the stupidity would irritate me.

So if the interest rate is 40% pa, the interest on £200 for a week will be about £1.50. Likely cost about a fiver in total even with the cash advance fee.

Annoying but hardly worth getting into a huge tizz over.

Plus due to order of payment rules, the £200 would have been allocated against the cash withdrawal, not other purchases so no ongoing interest cost like many have said.

You take out cash on a credit card at e.g. 25% interest
You pay in same amount of cash
Paid in cash goes to cover existing balance
You carry on paying 25% interest on cash indefinitely

Why do people keep posting this when it isn't true?

https://www.citizensadvice.org.uk/debt-and-money/borrowing-money/credit-cards/the-costs-and-charges-of-credit-cards/#:~:text=The%20most%20expensive%20debt%20on,much%20your%20minimum%20payment%20is.

'The most expensive debt on your credit card (ie cash advance) will always be paid off first'. This is the law.

It’s a few days, stop with the hyperbole.

My husband and I have never done this and it is against banks terms and conditions to allow another person even a spouse to use card and PIN number. So YABU to do that at all. However given you both do it I can't see why him doing it is worse than you regardless of whether it was a credit card or debit card. Withdrawing cash on a credit card incurs a fee too.

It’s a few days, stop with the hyperbole.

Welcome to MN. It's an internet discussion forum. Someone writes about something that has happened to them, and they gauge opinions. My opinion is this would irritate me, it's a stupid and unnecessary thing to have done, especially in the context of it being in "Money Matters", I'd rather have spent that money on a coffee, a lunch on the go, a magazine. But I would not divorce my husband over it, nor indeed get into an argument. I'd be annoyed, and ask that he does not use a CC to withdraw cash again next time. You would not be annoyed. That is fine. I am not going to tell you are wrong to not be annoyed, because I am not the authority on your feelings.

He couldn’t find his card, he withdrew money, paid it off a few days later, it is not going to impact her credit rating and would be max a few pence interest if any. It is something and nothing.

He couldn’t find his card, he withdrew money, paid it off a few days later, it is not going to impact her credit rating and would be max a few pence interest if any. It is something and nothing.

Yes that is your opinion, not a fact.

Yeah it’s fact.

"It is something and nothing"

Opinion. For you nothing. For me, something (not a big thing, but a thing to garner a reaction). It's almost like we all have different feelings, and are in a space to be able to say them.

I stand corrected, but still not a good idea to pay borrowing interest on liquid cash that you have available.

So you can use his but he shouldn't use yours? On here why am I not surprised

She didn’t say he can’t use hers. She’s happy for him to use it, just not to withdraw cash on it. Assuming she hasn’t withdrawn cash on his, there’s no double standards there.