Credit Cards

[afjock21]

1- Get on Discover Promo 0% APR

2- Go to Shaw's food market and buy pack of gum, or do some grocey shopping, whatever.

3- Tell cashier 'yes' cashback (Discover 'cash over')

4- $120 Cash limit per day

5- Repeat until desired amount

6- Pay NOTHING for the cash!!! Just like regular purchase, but of COLD HARD CASH!

[distantarray]

i really don't think you should teach people how to squeeze cash out of a credit card, but regardless everyone should know this if they have common sense to think already. For instance use a credit card at 7-11 they ask you if you want cash back. Walmart you can take $100 out but it's still not recommended. The only things you can't buy with cards is usually illegal substances or hookers and that's not very good lol

[afjock21]

Looks like mostly food stores.. Here is the link of the list of 'acceptable' stores.

https://www.discover.com/credit-cards/member-benefits/cash-over-purchases.html

[afjock21]

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distantarray wrote:

i really don't think you should teach people how to squeeze cash out of a credit card, but regardless everyone should know this if they have common sense to think already. For instance use a credit card at 7-11 they ask you if you want cash back. Walmart you can take $100 out but it's still not recommended. The only things you can't buy with cards is usually illegal substances or hookers and that's not very good lol

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I agree. This advice is ONLY for RESPONSIBLE credit card users. If I had known this when I first opened Discover, although I believe it looks new, I would have gotten myself into trouble.. for sure.

Can only hope one day I can get a hooker with my DiscoverMore then I'll REALLY be DISCOVERIN'...

[youngandcreditwrthy]

LOL I already knew about this ;-) and the walmart discover one. Hahaha. These would likely send up red flags to the creditor though! Be careful!

[nicholasyud]

i think you should delete the post because most of us know but some may not and they going to abuse it .......................so keep it in small grouo before they take it all back and get some stricted on it.........We are the ppl ruin all the good thing that we can take advance on credit cards.........

[gettnthere]

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distantarray wrote:

i really don't think you should teach people how to squeeze cash out of a credit card, but regardless everyone should know this if they have common sense to think already. For instance use a credit card at 7-11 they ask you if you want cash back. Walmart you can take $100 out but it's still not recommended. The only things you can't buy with cards is usually illegal substances or hookers and that's not very good lol

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[youngandcreditwrthy]

Pahahahhahahahahaha then I'll really be "discoverin" hahahahaahahaha lmfao.
Be careful. Mods told me this is a "family friendly" forum. I used curse words too much at first:-/

[Croselx]

Since you get asked at the checkout if you want cash advance or not I doubt that this isn't well-known. Get asked several times and most people will stop and ask how it works(I know I did after being asked 20+ times..). IMO this is the same as buying that shiny new 3D TV and only people that view CCs as extra spending power instead of a convenience will 'abuse' it, and seeing as the people that might abuse it do it already (but with luxury items/overspending) I don't see how this could magically create a new breed of abusers.

At the end of the month if it isn't PIF you will still pay interest on the money as it were a regular purchase (I know that the thread is about 0% APR, but if the money isn't paid by the end of the promo then all interest will be charged). And I also believe that creditors might have a limit to the amount you can take out (like debit cards) or might limit your maximum withdrawal to a specific % of available credit limit.

[youngandcreditwrthy]

No need to delete this post... If you are creditworthy enough to receive a Discover, you prob know not to use Cash Over or Cash Advances often. Also, Discover doesn't have "deferred interest" they simply do not charge interest until the promo perios is over, then it goes to whatever your rate is....