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Cash advance fee for Money Transfers?

Posted by jfang88 jfang88
Message 1 of 2 362 Views

I am trying to use a money transfer system called TransferWise.


They have a MCC code of (4829). 


Will this be used a cash advance?


What MCC attract cash-advance fees and automatic interest rates?


Will there be a 2% surcharge on the transaction and/or automatica calculation of interest fees?  I can't figure out what MCCs are considered what.




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Re: Cash advance fee for Money Transfers?

Posted by MegB MegB
Message 2 of 2 343 Views

Hi @jfang88 cash advance fee/interest will apply to the scenarios listed in section 24 of the Credit Cards Conditions of Use document 

Transferring funds to another person is considered a cash advance and the 2% or $4 (whichever is higher) cash advance fee and cash advance interest (check your statement for the %) will apply. 

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