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To: ThePythonicCow
Okay, you may be right.

I don't know what the credit advance fee is because I would never advance cash.....that's asking for a financial spanking.

Using a zero fee, zero interest card UNDER THOSE TERMS is a win-win deal, provided you pay attention to when all the zero stuff runs out.

14 posted on 08/02/2008 7:46:37 PM PDT by Lizavetta
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To: Lizavetta
The cash advance fees are usually amongst the highest (worst), and should be avoided.

What's usually the best (lowest) are balance transfer fees. I have been able to get money for about a year, at a total cost of 3% of the balance for that year, by using balance transfers.

The tricky part is getting the money out of the credit card world into the checking account world; balance transfers just move money from one card to another. I am fortunate to have one card with USAA (great service) which lets me take credit advances without a fee. So I would balance transfer from one of the cards offering me a teaser rate for such transfers, to my USAA credit card, and then transfer the money from the USAA card (which then had a balance due -to- me) to my checking account, for no further fee. Alternatively, I could balance transfer from one card to another card on which I owed nothing, then have that second card send me a check for my "overpayment".

But, yes, stay away from cash advances, unless you are desparate, or enjoy lining the pockets of the credit card company with your finest greenery.

15 posted on 08/02/2008 7:55:15 PM PDT by ThePythonicCow (By their false faith in Man as God, the left would destroy us. They call this faith change.)
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