on 14-09-2017 02:09 PM
I have a platinum credit card with a $6000 limit, which hasn't been used yet. I'm wanting to transfer $2000 but it's saying 'insufficient funds or a hold may be on the account'
Does anyone know why? Or have any similar experiences
on 14-09-2017 03:33 PM
HI tashaclark93, this is a great question.
As Cash Advances generally have higher interest rates and fees than purchases, Bankwest has restrictions on the amount of cash that can be withdrawn from credit cards. The Cash Advance restriction can't be removed I'm sorry, and whilst I would like to let you know the exact amount you can withdraw, for security reasons we are unable to disclose how much cash can be withdrawn from your credit card at any time. Your Credit Card Account Access Conditions of Use booklet outlines further details on this restriction.
You can also view more information about Cash Advances here