Best Cash Advance Credit Card

[bwbuddy5]

You are correct, I mis-read once again.

I guess I have to correct my correction. From the Paypal terms:

Sending to the U.S. and Canada.


If you are a U.S. PayPal account holder sending money to a friend or family member with a PayPal account in the U.S. or Canada, you may pay a fee, depending on how you pay.

Payment method: Fees:
Fully funded by your PayPal balance or a bank account linked to your PayPal account. Fee is waived.
Partially or fully funded payment by a credit card, debit card or PayPal Credit. 2.9% of the transaction amount plus a fixed fee based on the currency of the transaction.

 

[GreatLakes]

i believe most of ya are thinking of balance transfers. cash advanced charges a rate right off the top. The best info i can find for Discover is its charges 25.5% APR.
Chase Slate Charges 24.99% APR for cash advance.

Paypal probably charges a 3% fee which isn't bad. if you actually want to give them a paper check, i would suggest Plastiq.com where u pay 2.5% fee to have the company send the other party a paper check.

The Chase Slate card would allow the OP to purchase the DVC rental via credit card and then pay it off within 15 months interest free. Since the OP can use the card to book directly, or link it to Paypal to book indirectly, there is no need for a cash advance. That is how I'm reading it at least.

 

[bwbuddy5]

The Chase Slate card would allow the OP to purchase the DVC rental via credit card and then pay it off within 15 months interest free. Since the OP can use the card to book directly, or link it to Paypal to book indirectly, there is no need for a cash advance. That is how I'm reading it at least.

For those of you familiar with Chase Slate, is there a way to use the balance transfer option to pay my DVC renter so that I remain fee and interest free for 15 months? Or, would Slate treat it as a cash advance if I wasn't sending the the funds directly to another credit card company? As I mentioned, if I use the the card for a Paypal Friends transfer, I would have to pay 2.9% as the sender (since I'm using a card, not a bank balance), as well as the renter's 2.9%.

 

[Marionnette]

For those of you familiar with Chase Slate, is there a way to use the balance transfer option to pay my DVC renter so that I remain fee and interest free for 15 months? Or, would Slate treat it as a cash advance if I wasn't sending the the funds directly to another credit card company? As I mentioned, if I use the the card for a Paypal Friends transfer, I would have to pay 2.9% as the sender (since I'm using a card, not a bank balance), as well as the renter's 2.9%.

I don' think any credit card is going to allow you to do a balance transfer to pay someone else's credit card balance. There's too much opportunity for fraud. Look for a credit card that will allow you to deposit your balance transfer as cash to your bank account. Then pay the DVC owner from your bank account via PayPal.

 

[bwbuddy5]

I don' think any credit card is going to allow you to do a balance transfer to pay someone else's credit card balance. There's too much opportunity for fraud. Look for a credit card that will allow you to deposit your balance transfer as cash to your bank account. Then pay the DVC owner from your bank account via PayPal.

Wow, I messed that description up! I need to send cash to the person I'm renting my DVC points from - is there any way of using Slate to do this?

 

[Marionnette]

Wow, I messed that description up! I need to send cash to the person I'm renting my DVC points from - is there any way of using Slate to do this?

No, you didn't mess up the description. I need more coffee this morning.

I don't know how you could use the Slate Visa to pay the DVC owner by way of balance transfer. None of my Chase cards (Ink, Sapphire, Disney, Amazon and Disney) will permit me to deposit cash into my own checking account using a balance transfer offer. They will only permit a balance transfer that involves them paying another credit card company to cover the balance on my credit card with that company. I would expect the same restrictions with Slate.

My Barclay's Choice Privileges MasterCard and Citi AAdvantage Card do allow a balance transfer as cash into my personal bank account, as does the Visa that my bank offers. If you have a card that permits it, this is how I would handle it.

How do I know this? I used a balance transfer to pay for my last DVC contract because getting the cash out of my other savings was going to take too long. Once the contract passed estoppel, I wanted to get the signed contract and check to the title company ASAP. So, I floated a 0% loan for the cost of the balance transfer fee and I shopped around for the lowest fee.

 

[bwbuddy5]

No, you didn't mess up the description. I need more coffee this morning.

I don't know how you could use the Slate Visa to pay the DVC owner by way of balance transfer. None of my Chase cards (Ink, Sapphire, Disney, Amazon and Disney) will permit me to deposit cash into my own checking account using a balance transfer offer. They will only permit a balance transfer that involves them paying another credit card company to cover the balance on my credit card with that company. I would expect the same restrictions with Slate.

My Barclay's Choice Privileges MasterCard and Citi AAdvantage Card do allow a balance transfer as cash into my personal bank account, as does the Visa that my bank offers. If you have a card that permits it, this is how I would handle it.

How do I know this? I used a balance transfer to pay for my last DVC contract because getting the cash out of my other savings was going to take too long. Once the contract passed estoppel, I wanted to get the signed contract and check to the title company ASAP. So, I floated a 0% loan for the cost of the balance transfer fee and I shopped around for the lowest fee.

Your response was great, so I guess my question should be this - what are the best credit cards that allow a balance transfer as cash into my personal back account?

 

[GreatLakes]

For those of you familiar with Chase Slate, is there a way to use the balance transfer option to pay my DVC renter so that I remain fee and interest free for 15 months? Or, would Slate treat it as a cash advance if I wasn't sending the the funds directly to another credit card company? As I mentioned, if I use the the card for a Paypal Friends transfer, I would have to pay 2.9% as the sender (since I'm using a card, not a bank balance), as well as the renter's 2.9%.

You should just pay the DVC person with PayPal and have this card attached as the funding source. You can also request balance transfer checks, write the check to yourself, deposit it into your checking account, and then pay the DVC owner. I am not sure if the balance transfer checks would charge a fee or not in the initial 15 months.

 

[jujubiee4]

I'll be retiring about this time next year (2018), and will be receiving some good cash payouts for my unused sick and vacation pay. I plan to use this money to take my extended family to WDW.

Since I soon will need cash to pay to a DVC point renter for the reservation, I was considering getting a credit card on which to give myself a cash advance in the next couple of months as needed for the reservation, and then pay it off when some of my cash payout comes from my retirement. Any suggestions (or what other suggestions do you have)?

If you have Discover card you should be able to deposit a check into your checking account like cash.
I get these in the mail all the time. Mine says 2% transfer fee.

If you have the Barclay card it is 1% fee. I get those offers every other week.

 

[Lvsdisney]

As the payer on PayPal, you pay the credit card fee for your payment to "friends". OP, I would do that with whatever card can give the longest 0 interest on purchases. It's much cheaper in the long run than doing a cash advance from your CC.

 

[Bbguy5]

What you want is a balance transfer check from a cc. You write yourself a check, your bank funds it and it's essentially a balance transfer. Most have 12-18 months no interest right now.

Using cash advance makes you look risky, and has a large interested rate. Most are limited to a fraction of your available credit:.

 

[bwbuddy5]

What you want is a balance transfer check from a cc. You write yourself a check, your bank funds it and it's essentially a balance transfer. Most have 12-18 months no interest right now.

Using cash advance makes you look risky, and has a large interested rate. Most are limited to a fraction of your available credit:.

Which cards do you recommend that provide these checks?

 

[Bbguy5]

All major CC's offer them. Chase freedom, discover, etc. Just call and ask then for balance transfer checks.

 

[DLgal]

Which cards do you recommend that provide these checks?

Every card that offers balance transfers will offer this option. Haven't you ever gotten a pack of special checks in the mail from your credit cards that you can write to anyone and they post as a balance transfer? I get them monthly from my Barclaycard. All my Chase cards also always have balance transfer options. They range between 1-3% fees. You have to sign onto your credit cards and check what offers are available to you.

It is worth noting, you will NOT be able to get these kinds of great offers on a brand new account you open up. I have a Chase Sapphire Reserve that is not yet a year old and I am not eligible to get balance transfers yet, despite having several other Chase cards and an excellent credit score. The card has to be open a certain amount of time with regular usage in order to be offered special balance transfers. You CAN sign up for a card with the intention of doing an immediate balance transfer, but you'll pay a higher fee to do so.

 

[bwbuddy5]

Every card that offers balance transfers will offer this option. Haven't you ever gotten a pack of special checks in the mail from your credit cards that you can write to anyone and they post as a balance transfer? I get them monthly from my Barclaycard. All my Chase cards also always have balance transfer options. They range between 1-3% fees. You have to sign onto your credit cards and check what offers are available to you.

It is worth noting, you will NOT be able to get these kinds of great offers on a brand new account you open up. I have a Chase Sapphire Reserve that is not yet a year old and I am not eligible to get balance transfers yet, despite having several other Chase cards and an excellent credit score. The card has to be open a certain amount of time with regular usage in order to be offered special balance transfers. You CAN sign up for a card with the intention of doing an immediate balance transfer, but you'll pay a higher fee to do so.

So, the Chase Slate, now offering 15 months no interest and 0 fee balance transfers for 60 days, would not offer balance transfer checks?

 

[DLgal]

So, the Chase Slate, now offering 15 months no interest and 0 fee balance transfers for 60 days, would not offer balance transfer checks?

Why don't you call and ask them?

But probably not. They usually only give checks to cardholders after 90 days, defeating the purpose of the offer. The offer is usually contingent on an immediate electronic transfer to another credit card.

From the terms and conditions on the Chase Slate offer (you cannot designate your bank account as the "payee"):

Balance transfers will be applied to your account and sent to your designated payee(s) 10 days after we mail your new credit card. If you want to cancel or modify your balance transfer within this ten-day period and have received your credit card, please call the number on the back of your card. Otherwise, please call 1-888-338-9464. Please continue to make payments to your other account(s) until you know the balance has been paid.

 

[bwbuddy5]

Why don't you call and ask them?

But if I just called someone every time I needed information, I wouldn't get to talk to you folks!

Thanks for the info. I expect you're correct.

 

[starry_solo]

You should just pay the DVC person with PayPal and have this card attached as the funding source. You can also request balance transfer checks, write the check to yourself, deposit it into your checking account, and then pay the DVC owner. I am not sure if the balance transfer checks would charge a fee or not in the initial 15 months.

Agreed. You can still pay the person with a credit card as family & friends and mark that you (the sender) pays the fee. it will show up on the recipient's account fine. I believe PayPal got rid of the option for the seller to decline credit card payments a while ago.