How To Get Cash From Credit Card

Hi everyone, today in this blog, we will discuss how you can get cash from a credit card without triggering any cash advance fees. Myself I have used the store strategies to get cash from credit card so you can use that too .Sounds cool, right? It really is.  

Strategy 1: Using Balance Transfer Checks

The first strategy is using balance transfer checks. Chase, Barclays, Citibank, and other banks often send balance transfer checks to their cardholders. These checks are intended for paying off balances of other credit cards, hence the name "balance transfer checks." However, they can also be written out to your name and deposited into your bank account. If you have these checks, it would be an easy and straightforward way to turn your credit card into cash. If you don't have these checks, you can sometimes call the bank and request them. Sometimes, the bank may even offer an ACH deposit straight into your bank account. Please note that these balance transfers come with a fee of about three percent, but this is still way cheaper than a cash advance.

Strategy 2: Overpay and Refund

The second strategy is to overpay and refund. With this strategy, you overpay a credit card balance and later request a refund. For example, if you have a hundred dollar balance on credit card number one, you can ask credit card number two to balance transfer ten thousand dollars from credit card number one, which really only has a hundred dollar balance. Credit card number one will receive a payment of ten thousand dollars from credit card number two, leaving you with an extra credit of nine thousand nine hundred dollars. You can then call credit card number one and request them to refund you the nine thousand nine hundred dollars, stating that you mistakenly added extra zeros when making the payment. Credit card number one will then offer you a check refund for the credit amount of nine thousand nine hundred dollars. To increase your chances of success, I recommend choosing a bank for credit card number one that you don't care so much about if they close you down, as doing this multiple times may lead to closure. Also, make sure to have a small balance on credit card number one, as it will help you and your bank not to decline the balance transfer.

Conclusion

conclusion, these strategies offer simple ways to get cash from a credit card without triggering cash advance fees. Using balance transfer checks or overpaying and requesting a refund can be effective methods. Just remember to be cautious, choose the right bank, and keep a small balance to increase your chances of success. Feel free to try these techniques and don't forget to like and subscribe for more helpful tips!