If you're in a tight spot and need cash fast, credit card cash advances can be a lifesaver. However, the fees associated with these advances can be steep. Luckily, there's a trick you can use to get cash from your credit card without incurring any fees: the credit card to bank trick.
What is the Credit Card to Bank Trick?
The credit card to bank trick involves using your credit card to purchase a money order, which you can then deposit into your bank account. By doing this, you can essentially get a cash advance from your credit card without paying any fees.
Step-by-Step Guide to the Credit Card to Bank Trick
Here's how to use the credit card to bank trick:
- Go to a store that sells money orders.
- Purchase a money order with your credit card. Be sure to write your name on the "purchaser" line of the money order.
- Deposit the money order into your bank account.
- Withdraw the cash from your bank account.
It's important to note that some stores may not allow you to purchase a money order with a credit card. Additionally, you may need to provide identification when purchasing a money order.
Benefits of the Credit Card to Bank Trick
The credit card to bank trick has several benefits:
- You can get a cash advance from your credit card without paying any fees.
- You can avoid the high interest rates associated with credit card cash advances.
- You can use the cash for any purpose.
Drawbacks of the Credit Card to Bank Trick
While the credit card to bank trick is a great way to get cash without fees, there are some drawbacks to consider:
- Not all stores allow you to purchase money orders with a credit card.
- You may need to provide identification when purchasing a money order.
- Some banks may hold the funds from the money order for a few days before making them available for withdrawal.
Final Thoughts
The credit card to bank trick can be a great way to get cash from your credit card without paying any fees. However, it's important to do your research beforehand to ensure that the store you plan to purchase a money order from accepts credit cards. Additionally, be sure to read the fine print on your credit card agreement to make sure there aren't any hidden fees or penalties for using your credit card in this way.
