Credir Card to Cash?

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  • playz
    SBR Sharp
    • 01-31-09
    • 493

    #1
    Credir Card to Cash?
    Any body know a way to extract cash from a CC? Like I can pay a family member through paypal 1000.00 through card and they can withdraw the cash and give it back to me to give me a revolving credit utilizing the grace period?

    Does this work? Will it work for big amounts? Alternatives?
  • Sacrelicious
    SBR Hall of Famer
    • 11-29-12
    • 5984

    #2
    My penis itches me.
    Comment
    • jpete1966
      SBR Sharp
      • 09-14-09
      • 347

      #3
      They would have to pay fees. Buy travelers checks from AAA and cash them.
      Comment
      • Boner_18
        SBR Hall of Famer
        • 08-24-08
        • 8301

        #4
        You'll lose a small amount on the paypal transaction. Visit some of the frequent flyer forums and search rewards churning or churning... Anytime you can buy something with a card and swap that thing for full value and cash you can just rinse/repeat and harvest the CC miles or points or whatever. So card companies/vendors have made it hard to do..

        A while ago you could buy $1 coins direct from the US mint at face value with free shipping. You could buy 3k at a time, deposit them in your bank when you got them, paid the $3k charge and got 3k CC points, you could do this once a month I think. Great scheme but the mint got wise and revised the purchasing program. Good luck, let us know if you find something.
        Comment
        • playz
          SBR Sharp
          • 01-31-09
          • 493

          #5
          Originally posted by jpete1966
          They would have to pay fees. Buy travelers checks from AAA and cash them.
          Wouldnt the CC charge a cash advance fee?
          Comment
          • brownmamba20
            SBR Hustler
            • 01-25-13
            • 55

            #6
            If you have a discover card you can get cash from select retailers for no fee at all
            Comment
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