can i get cash out of my credit card?

shinzwei

Banned
Jul 5, 2004
3,117
0
0
i have a major Credit Card (visa) where can i go to get cash out of it? what type of atm machines?
 

ch33zw1z

Lifer
Nov 4, 2004
39,722
20,277
146
Cash advances only work if your account is setup for them, and you can get them where you see a VISA logo.
 

Pastore

Diamond Member
Feb 9, 2000
9,728
0
76
Yes, it's called a cash advance, and the interest rates are always insanely high on them.
 

Savij

Diamond Member
Nov 12, 2001
4,233
0
71
Call your CC and ask them. Mine sent me checks that I can use to get cash at normal interest rates instead of the cash advance rate.
 

sdifox

No Lifer
Sep 30, 2005
99,786
17,721
126
Yes you can, but you shouldn't do that. Get a line of credit from your bank for that kind of stuff, at least you'll be paying Prime + 1 as opposed to 18% and up.
 

Atlantean

Diamond Member
May 2, 2001
5,296
1
0
Yes you can, there is a fee usually and the interest rate is usually higher than your regular interest rate. Call your cc company and ask how it works... but I wouldn't recommend getting a cash advance on your card unless its absolutely necessary... and if you have a balance on your card prepare to pay the higher cash advance interest rate for a long time (with most credit cards payment is allocated in a manner where balances with lowest interest is paid first, balances with higher interest rates paid last). If your card is capital one I know for a fact thats how it works (worked for them before)
 

amddude

Golden Member
Mar 9, 2006
1,711
1
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There is an easy solution to this I discovered. I took my wife's cc, paypaled money out of it to me, which I deposited in our checking account. Just don't pick the "cash" category, pick goods.