Sentences with phrase «classified as a cash advance»
If you make a purchase or transaction that your card issuer classifies as a cash advance, you'll most likely pay a fee.
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If you make a purchase or transaction that your card issuer classifies as a cash advance, you'll most likely pay a fee.
However, unlike balance transfer checks, convenience checks are classified as a cash advance transaction and therefore abide by very different rules.
When you use a credit card to take out money at an ATM it is classified as a cash advance.
However, unlike balance transfer checks, convenience checks are classified as a cash advance transaction and therefore abide by very different rules.
It is also important to be sure you are familiar with your credit card company and how they handle purchases of bitcoins because it is possible the charges are classified as cash advances.
Not exact matches
Still, one thing seems clear: The glitch would never have happened if the banks hadn't insisted on classifying Coinbase purchases as cash advances — despite the fact that the U.S. government does not currently consider cryptocurrencies currency at all.
This was clearly evident when Mastercard and Visa classified the buying of cryptocurrency as a cash advance instead of a purchase.
Some exchanges charge exorbitant fees for purchases made with credit cards, and card issuers might classify these purchases as cash advances — which would result in high interest rates and additional fees.
If you buy cryptocurrency and your card issuer classifies the transaction as a cash advance, it will not count towards your bonus.
To avoid these unexpected charges, call your card issuer and ask whether or not it classifies cryptocurrency purchases as cash advances.
Keep in mind that Citi does not classify balance transfers, cash advances, fees, interest, and items returned for credit as «eligible purchases» for earning bonus points.
Keep in mind that Citi does not classify balance transfers, cash advances, fees, interest, and items returned for credit as «eligible purchases» for earning bonus points.
According to a TechCrunch article, the problem appears to have been caused by Visa classifying credit card transactions on the Coinbase platform as being cash advances.