BirthdayBoy wrote:Some lenders might look unfavorably on cash advances on credit cards. I would be terrified to use a cash advance on my Amex card for instance.
If I were you, I would consider something more like the personal line of credit from Wells Fargo. I've never had one myself, but I've heard it's a better option.
If you're really dead set on a cash advance on a credit card, I would probably advise looking into credit unions. A credit union will usually give you a much higher limit as well.
credit card companies make money by lending people money, and collecting fees and interest when people borrow it. They offer you a loan, they're not going to hold it against you if you take it. They'll hold how fast you pay them back against you, but not the initial loan.
That said, it's an awfully expensive way of borrowing money. an unsecured personal loan from a bank or credit union will be cheaper. (And it may well be faster; I got a line of credit from a commercial bank, by walking in and talking to a banker. I left with a set of starter checks, one of which I deposited in my regular checking account, and had cash available immediately.) If you have a good banking relationship, talk to them.