Results 1 to 8 of 8
  1. #1
    Join Date
    Dec 2001
    Location
    MO
    Posts
    629

    How to take out money from a credit card without fees?

    I need to pay someone $2000 by Tuesday or they will break my legs... not really.

    I am trying to figure out how to get some cash out of one of my credit cards without having to actually do a cash advance (21.99% interest). If I could find a way to do it and have it go down as a purchase I would pay 0% interest on that $2000 until next year.

    I thought about donating $2000 to myself via paypal, but that idea was shot down fast by paypal. I thought about using Western Union to send myself some cash and it would work as a purchase... but there would be a $230 fee from western union.

    I know there is a way out there... help me find it. Yep... I am a cheap bastard.

  2. #2
    Join Date
    Dec 2003
    Location
    Miami, FL
    Posts
    3,262
    pay a very very good friend (and trustworthy) $2000 via paypal then have them send it back to you. Maybe that would work?

  3. #3
    Join Date
    Dec 2001
    Location
    MO
    Posts
    629
    Gonna try that.... man I feel like a cheap bastard. lol

  4. #4
    Join Date
    May 2004
    Location
    Lansing, MI, USA
    Posts
    1,548
    I believe if you just have them refund it, it will just go to your paypal account. That way you get all 2 grand.
    Jacob - WebOnce Technologies - 30 Day 100% Satisfaction Guarantee - Over 5 Years Going Strong!
    Website Hosting, PHP4&5, RoR, MySQL 5.0, Reseller Hosting, Development, and Designs
    Powered By JAM - Professional Website Development - PHP, MySQL, JavaScript, AJAX - Projects Small & Large

  5. #5
    Join Date
    Dec 2001
    Location
    Toronto, Ontario, Canada
    Posts
    5,954
    It costs merchants a percentage of the amount (generally 1.9 - 4.9%) to bill your credit card, thus why would you get it for free?

    Notably, your cash advance, would not be that high, unless you have no intent to pay it off for an entire year. I believe it would be 21.99% /12 (or 1.8325%), far less then you'd find with any other legitimate method.

  6. #6
    Join Date
    Dec 2001
    Location
    MO
    Posts
    629
    Interest on a $2000 cash advance at 21.99% would be $36 a month. Not too cheap.

    21.99% / 365 * 30 (billing cycle) * 2000 / 100 = interest per month

  7. #7
    balance transfer it to your current account. tell them your paying off an overdraft or something its part of a nice little way of lowering the rate of your entire balance on your card.
    --
    Rich

  8. #8
    Join Date
    Feb 2004
    Location
    Canada
    Posts
    721
    The other day on paypal I sent $20 and it came right off the credit card. The guy said it was the wrong account and refunded it and it went directly BACK on to my credit card so refunding I do not think will work. Best to pay the fees and send it back to him.

    Jeff
    Xoopiter.com:: The new standard in Web Hosting

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •