Cash advance on credit card??

[kmanian 5,000+ posts]

yea well on my info it shows zero interest on intro purcahse rate until july all the other for cash advance and stanard purcahse rate dont have that rate or date beside them.
So now the question is can i do a money order with credit card

typically no.

you can do paypal

 

[Louisiana_CRX 5,000+ posts]

its always 0% intrest if you never pay it back //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

 

[atlbraves]

typically no.
you can do paypal

How can i do paypal, i need cash basically and be able to pay it back slowly, thats why i was wishing i could do a money order and charge it on the card and pay it off by july

its always 0% intrest if you never pay it back //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

not screwing my credit up

 

[kmanian 5,000+ posts]

its always 0% intrest if you never pay it back //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

and your credit score goes to shit because you continue to open and close credit accounts. not a great idea.

 

[LazyRider 10+ year member]

You need to call your credit card company and ask them questions.

 

[kmanian 5,000+ posts]

what is so desprately important that you need to go through all this? ask yourself if you need or want it.

 

[funkyab 10+ year member]

OMG....

terrible advice here.

The basic rules of credit cards are...

For CC purchaces you are bound to the APR associated with your card. In most cases if you pay off the balance within a billing period you will have no interest.

Cash advance is VERY DIFFERENT. Most CC companies will charge you the full APR of the cash advance immediately. Meaning if you have a CC company that charges 20%,, if you take out cash you are immediately hit with the amount you took out PLUS 20% on top immediately, not prorated as a cc APR would be..

If you really need cash and have to use a CC to source it... use paypal and send it to a friend as a CC payment for something. Then once the money hits their bank account you have only paid your transaction as a cc payment and only owe your friend appx. 3.5 of the total transaction amount to break even.

Thought this was basic knowledge, especially during our tough economic times...

 

[quins90lac 10+ year member]

my question is what do you need the cash advance for. if its some thing that cant be bought legally then you probity don't need it . if its for some thing like rent or house payment then paypall wold be your best bet then once its in paypal ***** fer it to your checking account . either that or you might be able to do a funds ***** fer but im not sure if that would work or not

 

[atlbraves]

Ok thanks for the info so for a 500 dollar amount i need in cash the paypal is what like .035 so roughly i need to sound 520 to a account so the total in the account would be around 500.

Then just withdraw the cash and the credit card statement will show it as a purcahse and i will have 0% interest until july like my rate says then after it goes to 12%

and as far as what it is, its something i need cash for since its a FTF deal i have the cash now but incase of an emergency i want to hold on to that cash in the bank and when the bill comes pay it off, and if something happens i use that money for a emergency then i will turn around and sell it allowing me to pay the bill

 

[funkyab 10+ year member]

Ok thanks for the info so for a 500 dollar amount i need in cash the paypal is what like .035 so roughly i need to sound 520 to a account so the total in the account would be around 500.
Then just withdraw the cash and the credit card statement will show it as a purcahse and i will have 0% interest until july like my rate says then after it goes to 12%

and as far as what it is, its something i need cash for since its a FTF deal i have the cash now but incase of an emergency i want to hold on to that cash in the bank and when the bill comes pay it off, and if something happens i use that money for a emergency then i will turn around and sell it allowing me to pay the bill

Basically yes.. If you do the ***** through paypal as a CC payment for goods or services, you are good. And especially since you are in the "introductory low interest period" of your contract.. this would be a smart decision to have cash on hand at a low APR. Is very close to when cc companies offer you a 1.2-5% rate on balance transfers.

 

[atlbraves]

Basically yes.. If you do the ***** through paypal as a CC payment for goods or services, you are good. And especially since you are in the "introductory low interest period" of your contract.. this would be a smart decision to have cash on hand at a low APR. Is very close to when cc companies offer you a 1.2-5% rate on balance transfers.

Ok thanks yea i guess i will do that and keep the money in the bank and then when i need the cash i have it.

Thanks

 

[ThomasG 5,000+ posts]

Call cc company and ask?

Get out of here with your common sense.

 

[Ken448 10+ year member]

cut that crap up, no offence, but if your asking this kind of question, you don't need a credit card!

needed to be said once again