Avoiding Credit Card Cash Advance Fees

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kobebryant24
 
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Avoiding Credit Card Cash Advance Fees

Postby kobebryant24 » Thu Jul 29, 2010 11:31 am

Dear friends,

I required cash advance on my citibank credit card, however they have a limit of 1,000. My question is: is there anyway to avoid the credit card cash advance fees and just do a charge of 1,000 lets say at any retailer or business (if they are willing to) and have them pay you cash???

Again, i know most retailers won't do this but.......


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alsteig
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Postby alsteig » Thu Jul 29, 2010 9:59 pm

Sure if the retailer is willing to give you cash for the credit transaction their are no problems for you. This type of behavior may put the retailer at excessive risk for credit fraud, Also this may be against merchant agreement with the card provider. Why not buy liquid goods on a CC and sell them for cash, IE: President dollars from the treasury.

kashmac123
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Postby kashmac123 » Tue Sep 18, 2012 9:08 pm

It all depends on what your bank will allow.
The USAA Mastercard will allow you to get a cash advance without a fee as long as you deposit
the cash in your checking account there.

Creditone was offering a cash advance free from fees for 1 year.

Some credit unions also do not charge for cash advances or the fee is 2% or less.

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bisbicos
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Postby bisbicos » Wed Sep 19, 2012 8:59 am

Discover card allows you to get cash back at checkout in stores for no fee. I'm not sure what the limit is though
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