Cyberdog100
Intern
- Joined
- Dec 29, 2006
- Posts
- 70
I recently had a similar experience with Westpac (Earth Card). I put in 2 lots of $1999 (Less than $2000 per day = no IG Credit Card Fees) into my IG Markets account. Then I saw that they were both treated as cash advances! No warning, no nothing! I'd been charged a $29.99 fee for each transaction and interest from day 1.
After many calls and speaking to probably half the Westpac call centre (who just happened to be totally clueless and incompetent) I did get my fees waived and the interest as well, although 2 months later i've still been getting a few bucks interest each month, despite paying off my entire balance as soon as i saw the cash advances!
So anyone with a Westpac card, DO NOT use it to fund your trading or gambling accounts. Same thing happens with TAB :evil:
I used my CBA Mastercard with IG Markets and its not treated as a cash advance, but since its processed in London, I got slugged international transaction fees, while I still got my points and it wasn't a cash advance, the international transaction fees weren't very nice!
After many calls and speaking to probably half the Westpac call centre (who just happened to be totally clueless and incompetent) I did get my fees waived and the interest as well, although 2 months later i've still been getting a few bucks interest each month, despite paying off my entire balance as soon as i saw the cash advances!
So anyone with a Westpac card, DO NOT use it to fund your trading or gambling accounts. Same thing happens with TAB :evil:
I used my CBA Mastercard with IG Markets and its not treated as a cash advance, but since its processed in London, I got slugged international transaction fees, while I still got my points and it wasn't a cash advance, the international transaction fees weren't very nice!
