Is this considered a cash advance?

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Is this considered a cash advance?

Postby DustinBrett » Mon Mar 24, 2014 8:50 pm


A friend of mine uses Bank of America and Wells Fargo and she wants to know if she puts money on her credit card so that she has overpayed/positive credit then if she goes to an ATM abroad and withdrawals money is it still considered a cash advance? This is important because if it is she has to pay 5% or $10 whichever is higher. We tried called the banks but Skype here is failing us.

Thanks so much for the help.

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Postby MemberSince99 » Mon Mar 24, 2014 9:05 pm

I don't think it will matter if you overpay it's still likely going to be considered a cash advance by the lender. They want that money.

I'd find a better way to do it.

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Postby travisrauh » Tue Mar 25, 2014 1:54 am

Yes - she would be assessed the cash advance fees and any amount she charges (includes the fees charged both by BofA/Wells Fargo and the ATM owner) would be applied toward her Cash Advance APR.
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Postby takeshi » Tue Mar 25, 2014 9:05 am

Yes. It's not a checking or savings account.

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