Buying Currency with Credit Card

[rlarosa]

Hi All

Wondering if anyone knows ... i usually buy foriegn currency through the Amex website and pick it up at the post office. When I enter the Amex BPay code into the BPay website it says that they accept all cards as well as normal BPay methods. What I'm wondering is - will my bank (NAB in this case) treat the payment as a cash advance? Or is it just a BPay payment to a merchant?

Thanks!
RL

 

[N860CR]

It's generally treated as a cash advance. I know Westpac charge it as cash

 

[deejo77]

Woolworths EDR Credit card will treat as cash advance even if account is in credit for the amount

 

[kyle]

I've used a very popular card in this forum to buy fx in the past on the Amex website (most recently Nov 2013) and it's treated as purchase with points.

 

[zainman]

Hi All

Wondering if anyone knows ... i usually buy foriegn currency through the Amex website and pick it up at the post office. When I enter the Amex BPay code into the BPay website it says that they accept all cards as well as normal BPay methods. What I'm wondering is - will my bank (NAB in this case) treat the payment as a cash advance? Or is it just a BPay payment to a merchant?

Thanks!
RL

It will be treated as a purchase because the Biller accepts payments from CC's. NAB rewards points for BPAY payments too so you will also be earning points.

 

[rlarosa]

It will be treated as a purchase because the Biller accepts payments from CC's. NAB rewards points for BPAY payments too so you will also be earning points.

Thanks - that's what i suspected might be the case - from NAB's perspective it's just a BPAY payment.

Thanks for the responses all

RL

 

[N860CR]

Thanks - that's what i suspected might be the case - from NAB's perspective it's just a BPAY payment.

Thanks for the responses all

RL

Id make a quick call to confirm. I know many banks don't treat it that way

 

[quokka77]

Don't call. Don't call. Try with a small value and report back. Then delete your post.

 

[Reggie]

Can anyone advise what CBA Platinum treats it as? PM's fine

 

[coles525]

On the same subject.... ANZ, Bankwest or even DJ amex...

 

[coles525]

Been searching and reading a few cc conditions, as well as bpay site.

Pictures attached say they accept cc as a bpay choice.

 

[coles525]

Can a mod please delete my previous posting, I can't seem to delete it myself.

 

[serfty]

It's really hardly worth the trouble unless you consider a "point" to be worth more than the 3% or greater currency conversion fees.

 

[rlarosa]

Hi All,

A discrete online enquiry to NAB confirm that a cc payment to the BPay biller code that Amex's FX4You service use will indeed be treated as a normal purchase.

More points!

RL