Help.... Quick Cash Advance Question

[vayub4]

I need cash urgently.... This money is already on the way to me but wont get to me until Wednesday(two days time)... I need this cash by the end of today... If I get the cash advance will I need to Pay Interest when I pay back on wednesday or is it just like purchases where interests only come to play if you dont PIF at the end of the Month!!! 

Please someone with knowledge in this area should help out

[longtime_lurker]

Cash advances start immediately

[user5387]

For a short-term cash advance, fees rather than interest is the dominant factor.

For example, if you take a $1000 advance, with a 5% fee and 25% APR, and pay it back a week later, then you'll pay $50 in fees and around $5 in interest.

If you have a CU card without fees, or an LOC, and 12% APR, then you'd pay around $2.31 total.

[longtime_lurker]

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@user5387 wrote:

For a short-term cash advance, fees rather than interest is the dominant factor.

For example, if you take a $1000 advance, with a 5% fee and 25% APR, and pay it back a week later, then you'll pay $50 in fees and around $5 in interest.

If you have a CU card without fees, or an LOC, and 12% APR, then you'd pay around $2.31 total.

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Forgot about fees, lol. Only time I cash advanced was on my CU CC and there's no fee, 8.9%. Thanks for reminding me

[vayub4]

Thanks all for the responses... I need $650.... The only card I have with that much advance available is amazon chase(High APR) and I do not have an account with chase... Does it take time for them to deposit the cash in my bank account?

[user5387]

If you go into a bank, you can take an advance at a teller window, and deposit the cash immediately.

I'm not recommending this, but it does work.

The alternative would be an ATM.

[Creditaddict]

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@vayub4 wrote:

Thanks all for the responses... I need $650.... The only card I have with that much advance available is amazon chase(High APR) and I do not have an account with chase... Does it take time for them to deposit the cash in my bank account?

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if it's cash advance you would need the pin number for the card and just go to an ATM and use your credit card like a debit card.

if you are doing it online as a Balance Transfer that will take longer then the 2 days.

Do you mind asking what you need the cash TODAY for if you have it coming on wed?

who do you bank with? might be able to just float it out of your checking account or if you have direct deposit a lot of banks today will offer a form of a payday advance sort of thing based on your deposits and relationship... USbank and Wells have this sort of thing I know for sure. but not sure any offer more than $500

[enharu]

If you already have a pin set up, you can withdraw it from an ATM. Otherwise you can also drop by a chase branch and they should be able to withdraw it for you as cash.

[vayub4]

I need the money to complete an amount to buy a car out of state. I do not plan on going there with cash! I want to buy a cashiers check or something with the total and I understand I can't swipe CC for a check. I bank with BOA. I have a measly $500 CC with them and I am allowed $250 for cash advance. I have already booked a flight if not I would have postponed. I thought the money would be here today but it looks like tomorrow or Wednesday latest. If anyone knows where I could get a check with CC please let me know too

[vayub4]

I am from NC... There are no chase banks around here this is the reason I closed my bank account with them... Chase was my first bank account