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>> No. 7663 Anonymous
6th August 2019
Tuesday 7:42 pm
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What's the preferred way of getting cash from a credit card without paying extortionate fees? Tried using "request money" with PayPal and the transaction was declined. Tried Square, but payouts were suspended a couple of hours after the transaction so had to "refund" myself. Prepaid cards and postal orders are now treated as cash transactions. I don't know anyone with a terminal and the cash on hand to run through. I have a card with substantial headroom in it but no money transfer facility. (When I asked, they just said "we don't have any promotional offers for you right now", and when I said I'd do it at the standard rate instead they just repeated the same line.)

There's no dirty money involved here, but invoking the financial difficulties procedure with any of my creditors substantially harms my ability to get a job in my field locally so I'd rather not do it, and the Bank of Mum and Dad has already been tapped this year. Overdraft limit will be hit at the end of this month and can't be raised.
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>> No. 7664 Anonymous
6th August 2019
Tuesday 7:53 pm
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Revolut allows you to "buy" money. Or did when I tried it a couple of years ago, anyway.
>> No. 7665 Anonymous
6th August 2019
Tuesday 7:56 pm
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Loading Revolut is apparently considered a cash transaction these days.
>> No. 7666 Anonymous
6th August 2019
Tuesday 7:57 pm
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I bet card companies are wise to it by now and will charge cash fees. At least some have even started treating betting as a cash advance.
>> No. 7667 Anonymous
6th August 2019
Tuesday 8:10 pm
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I don't know if deregulation changed things, but it was previously illegal to gamble on credit, hence gambling transactions needed to be treated as cash, even though in some cases providers can make it difficult to withdraw unwagered balances.
>> No. 7668 Anonymous
6th August 2019
Tuesday 8:17 pm
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Could you get a new credit card with a balance transfer offer? Could you use a personal loan?
>> No. 7669 Anonymous
6th August 2019
Tuesday 8:23 pm
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How does the former help him get cash out?
>> No. 7670 Anonymous
6th August 2019
Tuesday 8:34 pm
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No, and no. If either of those were an option I'd have taken it rather than trying to complicate things. Applied for one while I was working so I'd be able to shift some things around in case the job didn't go well (I was let go around a week after applying, as it turned out) and that was declined. I don't fancy outright lying on a fresh application, and eligibility checkers aren't showing anything promising.
>> No. 7671 Anonymous
6th August 2019
Tuesday 8:42 pm
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Not him, but OP could do a balance transfer after the statement is issued, which would at least limit the hit to the cash fee and however many days' interest accrue in between, since cash transactions usually have interest applied from the transaction date rather than the statement date for purchases.
>> No. 7672 Anonymous
6th August 2019
Tuesday 8:45 pm
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Does your card issuer correctly categorise transactions routed through Google/Apple Pay?
>> No. 7674 Anonymous
6th August 2019
Tuesday 9:08 pm
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As far as I can tell, they don't support Google Pay.

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