Question about PayPal Extras MasterCard

newbros · ‎01-19-2014

Hi,

I've never had a credit card before and I'm having trouble understanding the rates & fees page for the Extras MasterCard.

Can someone please evaluate this and see if I thought over this correctly:

1. Use the card for a cash advance to transfer to a friend's PayPal address

2. Pay the next week to avoid the 23 day interest rate fee

3. For the sake of the example, let's say I sent $35. The rates & fees page says: Either $5.00 USD or 3.00% of the amount of each cash advance, whichever is greater.

So that means I would pay the $5 fee and that's it? No other fees at all?

hacsx2 · ‎01-19-2014

I believe so.

It seem to be the standard cash advance fee.

so if you don't pay with in 23 days then it will charge interest.

EX: 747 (12/27) EQ:716 (11/6) TU: 703 (11/6) CK: 735
CC:
CSP $5000; BOA Rewards: $5000; Citi Platinum: $2600; UNFCU $500; BCP $6000; Wells Fargo reward $10k; Line of credit $10k ; Discover IT $7500; BML$1000; Citi TYP $5000; Chase Freedom $4000

CreditExpressNJ · ‎01-19-2014

Thats actually wrong if you send money to someone via Paypal with you paypal mc its considered a purchase so theres no fee involved teh fee you are looking at is the Balance Transfer fee ie $3 or 5% ... Cash Advance is when you physically use the card at an ATM to withdraw cash ....

CH7 Filed (3/29/17) - 483 EX 516 EQ 517 TU Discharged (5/31/17) - 559 EX 538 EQ 501 TU Current (1/18/22) - 690 EX 683 EQ 671 TU
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