28° Reference Information
[EDIT]Sadly No more free cash advances with this product
A cash advance fee is to be introduced from 1 Jan 2014 - this includes both international and domestic Oz withdrawals.
No more free cash advances - FAQs - 28 Degrees MasterCard
Introduction of a Cash Advance Fee
There has recently been an important change the fee structure of the 28 Degrees MasterCard which you should be aware of:
This change will take effect on January 1, 2014. It’s important to be aware of the fee change, even though you may not be impacted. We are making this change to ensure that we can continue to offer customers the key benefits of the 28 Degrees MasterCard ...
- A cash advance fee of 3% of the cash advance or $4 (whichever is greater) will be charged to the account on each occasion on which you obtain a cash advance or make a cash equivalent transaction (except that if the cash advance is made by a direct transfer to a bank account nominated by you, this fee will not exceed $30 for that transaction).
[/EDIT]Information on other (virtually) fee free cards for FOREX said:
has anyone had trouble taking cash advances off their credit card while in South America?
We thought we had struck it lucky by obtaining a Wizard Clear Advantage Mastercard before we left home for our south american holiday. No fees on international purchases or cash advances. ALthough the credit limit they give you is only $750 (!) we put the card into credit by $1000, so that we could take cash advances while OS and avoid the $5 fee for every withdrawal by using our regular eftpos cards. We even tested our cards before we left to cash advance to make sure things would run smoothly.
Only problem is our Wizard card has not worked once while we have been overseas to make cash advances. It has worked fine for purchases, in fact in Wizard's defence we have got significantly better exchange rates with them than with Commonwealth bank. But every ATM which we have attempted to withdraw from has said we don't have the funds available, even though our card is in credit. We have phoned Wizard in Australia and they claim nothing wrong at their end and can't do anything.
We have tried the cards about 10 or 12 times throughout Chile, Argentina and Peru.
Has anyone had a similar experience? any ideas on a plan of attack?
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