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 Message Boards » » how does a credit card cash advance work? Page [1]  
paerabol
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just go to an ATM like a regular debit card?

never done it before

2/7/2008 4:32:07 PM

3 of 11
All American
6276 Posts
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Bend over and take the advance interest charge in the ass.

2/7/2008 4:33:03 PM

beergolftile
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do not do this

2/7/2008 4:33:20 PM

Mitch Taylor
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How are you so poor?

2/7/2008 4:34:06 PM

wlb420
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Quote :
"never done it before
"


you should keep it that way.

2/7/2008 4:34:29 PM

sober46an3
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go for it! its like free money!

2/7/2008 4:34:58 PM

Howard
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shit happens.

2/7/2008 4:35:31 PM

quagmire02
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why would you want to do this? at what is likely 20%+ interest, you've got to be pretty desperate

2/7/2008 4:35:46 PM

paerabol
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i'm not so poor, i'm just curious

2/7/2008 4:35:58 PM

Mitch Taylor
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The Lounge then poorass

2/7/2008 4:36:26 PM

SymeGuy69
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A friend of mine did this at a casino once. He is an accountant and is well aware how shitty the financials of it are. He has a blinding confidence in his gambling ability, and it paid off. He made more than enough off the withdrawl to compensate for the charges.

[Edited on February 7, 2008 at 4:51 PM. Reason : P]

2/7/2008 4:50:39 PM

JeffreyBSG
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^
that's pretty fucking baller

2/7/2008 8:43:24 PM

punchmonk
Double Entendre
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PLEASE DON'T DO THIS!!

2/7/2008 8:44:20 PM

blasphemour
All American
57594 Posts
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Ill loan you some cash. You just need to let me drink for free.

2/7/2008 9:08:43 PM

paerabol
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haha i don't need the money, i just saw "cash advance" available on my credit card at a ridiculously high interest rate, got curious


other than the ridiculous interest, what's so bad about it?

2/8/2008 12:06:44 AM

JayMCnasty
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NO DONT DO IT

2/8/2008 12:08:04 AM

Callaway
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Quote :
"other than the ridiculous interest, what's so bad about it?"



see...this is why you should never purchase anything by yourself....EVER

2/8/2008 12:08:50 AM

mrfrog

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i guess you're more likely to not pay it back if you do this?

2/8/2008 12:09:00 AM

paerabol
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why, do they break down your door at 4am and sew your asshole shut while craming taco bell down your throat?

[Edited on February 8, 2008 at 12:10 AM. Reason : sdf]

2/8/2008 12:09:09 AM

JayMCnasty
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WHATS IN YOURRRRRRR WALLETT

2/8/2008 12:13:18 AM

budman97420
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4126 Posts
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Quote :
"just go to an ATM like a regular debit card?"



1) you have to have a preset pin number to do this
2) most of the time there is a fee automatically just for taking cash
3) a lot of cards will only let you get a certain % of your credit limit
4) a lot of credit cards take it to you for doing that

that said my usaa card has no fee, the interest rate is 9.9% for taking cash out, and you can get your entire credit limit if you ever needed to for some reason

[Edited on February 8, 2008 at 12:26 AM. Reason : .]

2/8/2008 12:23:05 AM

paerabol
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finally, the first real answer for this thread


interesting

2/8/2008 1:41:26 AM

 Message Boards » Chit Chat » how does a credit card cash advance work? Page [1]  
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