topic Re: Diners Club Idea? in Credit Cards

Diners Club Idea?

Anonymous — Tue, 02 Dec 2014 04:36:23 GMT

So, technically Diners doesnt so BTs.. However they do allow Cash advances... and from what ive been told and read, they allow them up to the full amount of your CL.. I believe the APR for a cash advance is 22%.. IF Diners turns out to in fact be a hidden tradeline, it may benefit some to take out a cash advance, pay off their current credit card debts with the money from the cash advance, and then just pay it back to diners. However, it will be a high APR at 22%... But, it may be better for some to have the debt on a hidden TL than on one that reports.. Just an idea! Not saying its the best idea.. But, its a thought.

Re: Diners Club Idea?

Anonymous — Tue, 02 Dec 2014 04:40:55 GMT

@Anonymous wrote:
So, technically Diners doesnt so BTs.. However they do allow Cash advances... and from what ive been told and read, they allow them up to the full amount of your CL.. I believe the APR for a cash advance is 22%.. IF Diners turns out to in fact be a hidden tradeline, it may benefit some to take out a cash advance, pay off their current credit card debts with the money from the cash advance, and then just pay it back to diners. However, it will be a high APR at 22%... But, it may be better for some to have the debt on a hidden TL than on one that reports.. Just an idea! Not saying its the best idea.. But, its a thought.

Not hidden but I see what you mean.

Re: Diners Club Idea?

NRB525 — Tue, 02 Dec 2014 04:47:22 GMT

I don't think it's going to be hidden at all. That speculation may have resulted from the original Diners Club, and that very well might have had no visibility, as a charge card on it's own private payment exchange. That was an entirely different card and a pre-historical time in the non-interconnected world, so should not be expected to occur now.

Re: Diners Club Idea?

B335is — Tue, 02 Dec 2014 05:39:19 GMT

Hidden TL.... hmm, haven't heard enough about that lately

Re: Diners Club Idea?

Anonymous — Tue, 02 Dec 2014 10:07:48 GMT

@Anonymous wrote:
So, technically Diners doesnt so BTs.. However they do allow Cash advances... and from what ive been told and read, they allow them up to the full amount of your CL.. I believe the APR for a cash advance is 22%.. IF Diners turns out to in fact be a hidden tradeline, it may benefit some to take out a cash advance, pay off their current credit card debts with the money from the cash advance, and then just pay it back to diners. However, it will be a high APR at 22%... But, it may be better for some to have the debt on a hidden TL than on one that reports.. Just an idea! Not saying its the best idea.. But, its a thought.

Even if it didn't report there's a very small daily cash advance limit, meaning it wouldn't be practical. Balance transfer to a 0% card would be better/easier.

Re: Diners Club Idea?

Anonymous — Tue, 02 Dec 2014 13:39:40 GMT

@Anonymous wrote:
@Anonymous wrote:
So, technically Diners doesnt so BTs.. However they do allow Cash advances... and from what ive been told and read, they allow them up to the full amount of your CL.. I believe the APR for a cash advance is 22%.. IF Diners turns out to in fact be a hidden tradeline, it may benefit some to take out a cash advance, pay off their current credit card debts with the money from the cash advance, and then just pay it back to diners. However, it will be a high APR at 22%... But, it may be better for some to have the debt on a hidden TL than on one that reports.. Just an idea! Not saying its the best idea.. But, its a thought.
Even if it didn't report there's a very small daily cash advance limit, meaning it wouldn't be practical. Balance transfer to a 0% card would be better/easier.

The cash advance daily limit is no more than 7k. Thats a lot, i wouldnt call that small.. if you have more than 7k in CC debt your concern shouldnt be trying to shovel the debt around, it should be to pay it off ASAP!

Re: Diners Club Idea?

Anonymous — Tue, 02 Dec 2014 14:12:37 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
So, technically Diners doesnt so BTs.. However they do allow Cash advances... and from what ive been told and read, they allow them up to the full amount of your CL.. I believe the APR for a cash advance is 22%.. IF Diners turns out to in fact be a hidden tradeline, it may benefit some to take out a cash advance, pay off their current credit card debts with the money from the cash advance, and then just pay it back to diners. However, it will be a high APR at 22%... But, it may be better for some to have the debt on a hidden TL than on one that reports.. Just an idea! Not saying its the best idea.. But, its a thought.
Even if it didn't report there's a very small daily cash advance limit, meaning it wouldn't be practical. Balance transfer to a 0% card would be better/easier.
The cash advance daily limit is no more than 7k. Thats a lot, i wouldnt call that small.. if you have more than 7k in CC debt your concern shouldnt be trying to shovel the debt around, it should be to pay it off ASAP!

@Anonymous wife and I have 8K in CC debt.... :/ 7K on 0% cards and 1K on my BSP @ 14.24% -- With the Holidays, Several un-strategically placed birthdays and Events, as well Property and Income taxes coming, I can't really afford to pay it all off THIS instant, lol.

Re: Diners Club Idea?

Anonymous — Tue, 02 Dec 2014 14:17:04 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
So, technically Diners doesnt so BTs.. However they do allow Cash advances... and from what ive been told and read, they allow them up to the full amount of your CL.. I believe the APR for a cash advance is 22%.. IF Diners turns out to in fact be a hidden tradeline, it may benefit some to take out a cash advance, pay off their current credit card debts with the money from the cash advance, and then just pay it back to diners. However, it will be a high APR at 22%... But, it may be better for some to have the debt on a hidden TL than on one that reports.. Just an idea! Not saying its the best idea.. But, its a thought.
Even if it didn't report there's a very small daily cash advance limit, meaning it wouldn't be practical. Balance transfer to a 0% card would be better/easier.
The cash advance daily limit is no more than 7k. Thats a lot, i wouldnt call that small.. if you have more than 7k in CC debt your concern shouldnt be trying to shovel the debt around, it should be to pay it off ASAP!
@Anonymous wife and I have 8K in CC debt.... :/ 7K on 0% cards and 1K on my BSP @ 14.24% -- With the Holidays, Several un-strategically placed birthdays and Events, as well Property and Income taxes coming, I can't really afford to pay it all off THIS instant, lol.

Yeah, not so sure his theory works. $7K for a temporary time period isn't the sign of impending financial ruin.

Re: Diners Club Idea?

Anonymous — Tue, 02 Dec 2014 14:18:08 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
So, technically Diners doesnt so BTs.. However they do allow Cash advances... and from what ive been told and read, they allow them up to the full amount of your CL.. I believe the APR for a cash advance is 22%.. IF Diners turns out to in fact be a hidden tradeline, it may benefit some to take out a cash advance, pay off their current credit card debts with the money from the cash advance, and then just pay it back to diners. However, it will be a high APR at 22%... But, it may be better for some to have the debt on a hidden TL than on one that reports.. Just an idea! Not saying its the best idea.. But, its a thought.
Even if it didn't report there's a very small daily cash advance limit, meaning it wouldn't be practical. Balance transfer to a 0% card would be better/easier.
The cash advance daily limit is no more than 7k. Thats a lot, i wouldnt call that small.. if you have more than 7k in CC debt your concern shouldnt be trying to shovel the debt around, it should be to pay it off ASAP!
@Anonymous wife and I have 8K in CC debt.... :/ 7K on 0% cards and 1K on my BSP @ 14.24% -- With the Holidays, Several un-strategically placed birthdays and Events, as well Property and Income taxes coming, I can't really afford to pay it all off THIS instant, lol.
Yeah, not so sure his theory works. $7K for a temporary time period isn't the sign of impending financial ruin.

B-I-N-G-O.

Re: Diners Club Idea?

Anonymous — Tue, 02 Dec 2014 15:21:15 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
So, technically Diners doesnt so BTs.. However they do allow Cash advances... and from what ive been told and read, they allow them up to the full amount of your CL.. I believe the APR for a cash advance is 22%.. IF Diners turns out to in fact be a hidden tradeline, it may benefit some to take out a cash advance, pay off their current credit card debts with the money from the cash advance, and then just pay it back to diners. However, it will be a high APR at 22%... But, it may be better for some to have the debt on a hidden TL than on one that reports.. Just an idea! Not saying its the best idea.. But, its a thought.
Even if it didn't report there's a very small daily cash advance limit, meaning it wouldn't be practical. Balance transfer to a 0% card would be better/easier.
The cash advance daily limit is no more than 7k. Thats a lot, i wouldnt call that small.. if you have more than 7k in CC debt your concern shouldnt be trying to shovel the debt around, it should be to pay it off ASAP!
@Anonymous wife and I have 8K in CC debt.... :/ 7K on 0% cards and 1K on my BSP @ 14.24% -- With the Holidays, Several un-strategically placed birthdays and Events, as well Property and Income taxes coming, I can't really afford to pay it all off THIS instant, lol.
Yeah, not so sure his theory works. $7K for a temporary time period isn't the sign of impending financial ruin.

Who said 7k was impending financial ruin? Would you prefer to NOT have debt or to have debt? My case was simply stated, if you have 7k in CC debt, then i wouldnt focus on pushing it around, i would focus on paying it off. Sounds smart to me

Re: Diners Club Idea?

Anonymous — Tue, 02 Dec 2014 17:16:44 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
So, technically Diners doesnt so BTs.. However they do allow Cash advances... and from what ive been told and read, they allow them up to the full amount of your CL.. I believe the APR for a cash advance is 22%.. IF Diners turns out to in fact be a hidden tradeline, it may benefit some to take out a cash advance, pay off their current credit card debts with the money from the cash advance, and then just pay it back to diners. However, it will be a high APR at 22%... But, it may be better for some to have the debt on a hidden TL than on one that reports.. Just an idea! Not saying its the best idea.. But, its a thought.
Even if it didn't report there's a very small daily cash advance limit, meaning it wouldn't be practical. Balance transfer to a 0% card would be better/easier.
The cash advance daily limit is no more than 7k. Thats a lot, i wouldnt call that small.. if you have more than 7k in CC debt your concern shouldnt be trying to shovel the debt around, it should be to pay it off ASAP!

I heard $300 but that could just be the ATM daily limit.

Re: Diners Club Idea?

Anonymous — Tue, 02 Dec 2014 17:31:53 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
So, technically Diners doesnt so BTs.. However they do allow Cash advances... and from what ive been told and read, they allow them up to the full amount of your CL.. I believe the APR for a cash advance is 22%.. IF Diners turns out to in fact be a hidden tradeline, it may benefit some to take out a cash advance, pay off their current credit card debts with the money from the cash advance, and then just pay it back to diners. However, it will be a high APR at 22%... But, it may be better for some to have the debt on a hidden TL than on one that reports.. Just an idea! Not saying its the best idea.. But, its a thought.
Even if it didn't report there's a very small daily cash advance limit, meaning it wouldn't be practical. Balance transfer to a 0% card would be better/easier.
The cash advance daily limit is no more than 7k. Thats a lot, i wouldnt call that small.. if you have more than 7k in CC debt your concern shouldnt be trying to shovel the debt around, it should be to pay it off ASAP!
I heard $300 but that could just be the ATM daily limit.

most likely the ATM.. Most banks only allow you to do a cash advance of no more than 5k per business day anyway