20th May 2007, 07:21 PM
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Suspended.
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Join Date: Jan 1970
Location: gippsland lakes/vic
Posts: 5,104
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Quote:
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Originally Posted by AngryPixie
No a cash advance is a personal loan against your credit card regardless as to whether you've recieved cash in hand or not. Your borrowing money from the bank to gamble with. You've recieved no product or service.
Regardless of the semantics, if one is now doing it they all will follow suit.
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Ok, so I buy a video player at my local Harvey Normans with my credit card. Am I borrowing money from the bank? Of course I am. It's called a CREDIT CARD for OBVIOUS reasons. Why? Because EVERY purchase is done with BORROWED money!!! Not to be confused with a cash advance, because then I'm borrowing CASH [the real folding stuff], not goods or services.
Oh deary me, why was I born into THIS world!!! |