In today’s world of technological and scientific advancement, we have at our disposal various things that have contributed towards making our life much more straightforward. Credit cards are one such gift of technology that has proved to be of great help for financial aid. We can even withdraw a cash from credit card without any fees.
With the increase in prices of daily commodities and essentials, we often face a shortage of cash. In addition, in such cases, credit cards allow us to get things on credit. Moreover, at times of need, one can also earn cash from credit card without much hassle.
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Getting cash from a credit card
We usually consider tapping on our credit card’s available credit to access cash at times of requirement, but such an act comes with a cost. Getting money from a credit card does not come free.
The users have levied a credit card cash advance, the charges of which are usually high. However, there are various ways to get cash from a credit card without paying a cash advance. This article talks briefly about specific ways to withdraw money from credit cards and avoid paying charges or fees.
Purchasing a prepaid gift card
If you wish to withdraw cash through your credit card without paying any credit card interest, this step can prove quite beneficial. You need to buy a prepaid gift card by using your credit card and then selling the gift card to someone in return for cash. You can find someone from your friends or neighbors to sell the gift card or resort to online sites.
Many online platforms will assist and enable you to sell gift cards to interested people in return for cash. Moreover, if you have successfully accumulated a good amount of credit card rewards, you can redeem these rewards for a gift card featuring a higher face value.
Asking your friends or family for a cash reimbursement
If you wish to withdraw cash from your CC without paying your credit card interest rate, following this step can prove to be of great help to you. If anyone from your family or friends needs to make any purchase or payment of a more significant amount, offer to pay with your credit card and then ask for a cash reimbursement in return.
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While you withdraw any amount from your credit card; you have to take care of the billing cycle date because you did not pay your due amount. Then the company will charge the late penalty fee. In this way, you can withdraw cash through your credit card without worrying about paying hefty cash advance charges.
Using a credit card that does not put any cash advance fees
However, this option might not be available to everyone, and everywhere, various small banks and credit card issuers offer the cash advance waiver feature to their users. All you need to do is research such financial institutions and apply for your credit card through these banks or credit card issuers.
Purchasing commodities with your credit card and then selling them at a higher rate
Another most full-proof method of getting money from credit cards without paying the heavy charges is using your credit card to buy certain things and then sell them. You will find a variety of shops, sellers, and online sites that offer huge discounts and sales from time to time. You can use these platforms and opportunities to purchase certain things through your credit card.
After making the purchase, you can sell off the commodities to your friends or neighbors at a higher price. In this way, you will avoid the credit card cash advance fees and get some extra cash at hand.
Connect your individual and business account
There are various ways to withdraw cash from CC without paying the fees or charges. Connecting the individual and business account is a great way.
To carry out this step, the user first needs to add their credit card to their account; and then purchase through the card’s balance from their business account.
After the payment reaches your business account; you can use your debit card to withdraw the amount as per your need. If you wish to withdraw cash from a CC and avoid paying the hefty cash advance; you must follow the aforementioned tips.
Now you can quickly get cash from CC through the Bajaj Finserv RBL Bank Super Card. This card is not a simple credit card; it has the powers of 4 cards in 1 card. With this credit card, you can easily convert your purchases above Rs. 3000 into effortless EMI options.
Moreover, this credit card offers its users ATM cash withdrawal without any additional charges. This card is approved instantly, thereby ensuring that the users are not waiting to make their purchase.
