I'm feeling really naughty tonight, so just wanna vent my feelings about Westpac Bank treating CC deposits to a so called gambling site (eg Sportsbet etc) as a CASH advance,..... this is absolutely discraceful, most banks treat it as a purchase (which is of course in our favour) they (the Bank) still receive a commision (presumably) from the trader so why hit US again???? if you are with Westpac write to them as I have done and express your dissatisfaction, the more of us that do so the better the chance of a u-turn!

If they will not relent then cancel your card and TELL THEM WHY

I hope it's only Westpac that do that!

Umm. Credit card deposits ... gambling!!

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Pixie

"It's worth remembering that profit isn't profit until it's spent off the racecourse." -- Crash

Crash, as far as I know its only westpac, but Citibank will not let you deposit to a so-called gambling site at all, CBA, and ANZ no probs at all it is treated as a purchase. anyone know about any other cards?

but it is a cash advance

unless im missing something

stugots, no it is NOT a cash advance, it's a purchase that's the point, Westpac treat it as a cash advance so you pay 1&1/2% charge instantly + interest from day 1, ***edited*** is the only word for that as the Trader (Sportsbet etc) pay them also a % just the same as a purchase.

CBA & ANZ ( and maybe other banks?) treat it correctly as a purchase, so you have up to 55 interest free etc.

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As what is occurring is not breaking the law, for legal reasons we need to be very careful about any words used to vent one's dissatisfaction. Moderator.