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Avoid cash advance fees on credit cards

  • 02-04-2007 1:37pm
    #1
    zuutroy
    Registered Users, Registered Users 2 Posts: 6,854 ✭✭✭


    Just a quick tip for avoiding the fee credit cards charge you for withdrawing cash, and to avoid paying interest from day 1 on cash withdrawals which companies do. Handy if you need money for a few weeks and you know in advance:

    Instead of just withdrawing the money, stick it in your paypal account, then draw it down from payal to your bank account. If you do this right after you get your CC statement you'll have 50+ days of interest free cash.


Comments

  • #2
    Random
    Closed Accounts Posts: 19,080 ✭✭✭✭Random


    Paypal charge a few Euro for the transaction to your bank account.


  • #3
    zuutroy
    Registered Users, Registered Users 2 Posts: 6,854 ✭✭✭zuutroy


    not for sums above 100 euro afaik


  • #4
    Random
    Closed Accounts Posts: 19,080 ✭✭✭✭Random


    zuutroy wrote:
    not for sums above 100 euro afaik
    "Free for €100.00 EUR or more, €1.00 EUR for €99.99 EUR or less "

    Yup, you're correct. Moving on :D


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