How To Turn Credit Card Into Cash FAST
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- Опубліковано 29 чер 2024
- I'm going to give you 3 ways to do exactly that, turn a credit card into cash.
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1. Fund a Bank Account with a Credit Card
- Now this a technique a lot of credit card churning do to meet the minimum spend but its also something you can do to take cash out of a credit card
- And the idea is very simple, you open a new bank account with a bank that lets you use a credit card to fund the account
So Obviously:
- The strategy is to find a bank that allows you to fund your bank account with a credit card
- Then use that money for whatever you want
- If you find 2-5 banks and the average limit is around $500, you could potentially take out $1000-2500 fee-free
Tip: a lot of banks have changed the policy so make sure you do your research beforehand. And comment down below also if you know any banks
2. Cash Advance/Check/Direct Deposit to your bank account or cash from atm ( but if the amount if too high directly from a teller)
- Now this is the most direct way to take money out of your credit card
- And also the most expensive way to do it
- Because credit card charge one time fees and also higher interest rates for cash advances
Here are the details:
- Every bank is different and they set different limits, td bank lets you take 30% of your credit line in cash, and discover lets me take around 40% ( some other banks are less or higher )
- And the interest rate is around 24.99 ( so higher than your normal rate)
- And they charge 5% or $10 which is ever higher obviously
- You can find most of this info on your credit card statement
But here is how it works:
- I have 4 options: write myself a check and deposit it, Go to a teller and take the money out, or go to an atm or ask them to just deposit it directly into my bank account
- So in this case, if I wanted to take that $2,800, it would cost me 5% plus 24.99% annually
- So the bank would make the first year around 30%
Ps. If your statement doesn’t have the info, just call your credit card and ask them three questions: My Cash withdraw limit, interest rate, and fees.
3. Manufactured Spend + Balance Transfer
- Is when you literally spend money just to get cash or point
- Its like buying gift cards to bypass the fees of traditional balance transfer
- Try it out with a $25 dollar gift card first to make sure they don’t charge you cash advance fee ( Citi bank is known to do this account to doctor of credit)
Step by Step how it works:
- You want to have a credit card of course
- Then you want to open up a american express serve card ( its Prepaid debit card you can load money into and it's free) I have the green one
- Then you want to go into a local store that sells visa or MasterCard gift cards ( try this out with $25-$50 to make sure everything works smoothly )
- Then you want to go to family dollar, Walmart, rite aid and a lot more places
- You want to tell them, I want to reload my American express card with a debit card ( you reload the American Express card with the gift card, and then transfer the money to the bank )
- And you’re done
Ps: be careful, scammer do this with stolen credit cards and stores are always on the lookout.
Here is a safety net: balance transfer for 21 months
Articles:
Banks that allow Funding with CC: www.doctorofcredit.com/does-f...
Full Video on Manufacture spending: • How does Credit Card M...
Prepaid card: www.serve.com/
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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.
This is great! This feels like a superpower that you to "with great power comes great responsibility" I respect the fact that you tell people to be careful and not get carried away!
Love the dream board back there! Keep up the good work i'm sure you'll make all your dreams come true 😊
I had a situation where my former landlord put all these charges on my credit saying I damaged the apartment and I left early, none of which is true. I was exploring the lawsuit option but in the meantime, I was not able to rent an apartment because of this and it destroyed my life. I didn’t feel I had to pay for something I did not do. they can neither validate nor show any proof of damages. I was informed an ethical repairer helps people in cleaning credit which I am so happy about. I tendered my problems to them and they removed all damaging info on my credit. It took them a couple of days to get my credit cleaned and it’s such an amazing feeling to be finally free from all that problems I had. THIS IS CREDIT REPAIR SERVICE AND CASH APP, PAYPAL , BITCOIN FLIPS AT ITS BEST(contact details:+ 1 5 6 2 4 5 7 0 7 0 4 or 247hackcode,c0m
Great vids man! I learned a lot from you
Thank you this information has blessed me you are a Godsend.
You are the bomb, I will try it...Thank you for the tips. Blessings
Thanks RXsquad for your work
Good info!
😎😎thank you
Great videos!!!
Bryson , yu are 🐐
Just gained a new subscriber my guy.
Thanks Tommy
you read my mind Tommy i've been searching for ways to get cash from my credit card without getting hit with the cash advance fees for years
Dude, you are the man!
Great video bro.
Very informative
Big shout out to VegasBeast it's really nice doing deal with ya ✊ kudos man
a lot of value in this video
🔥 channel
Bro your the 🐐🐐🐐
😎
Great Video Tommy! My Discover card just gave me $414 in cash back for the first year of spending. I am going to invest that with in a ROTH IRA using M1 finance because of you. Thank you for your advice Tommy! 🙏🏾🙏🏾🙏🏾
Let’s gooooooo 😎
I got back 1k from discover
This is what I’m doing in general. Legally maximize CC spend to invest it.
Wow! How do you do that?
@@tblub.9270 I can help you
Waw you gat great idea
You post to never cut yo mustache!
Always great video man :), can you do a video on how much you earn with youtube this month?
Perfect
I really appreciate it! I need to get a few thousand loan to invest.I have credit from the cards but couldn't think of any other way to avoid the cash advance besides asking families and friends if they needed me to buy anything for them to pay me back in cash. only problem with that is they aren't buying big ticket items and I need a larger amount in cash. will try this method out. thanks!
Sure you can buy me big value cards I will pay you cash I need a lot of gift cards
I like ya cut g! Nice shave!
You can also open a square account and just charge your credit card however much and link your bank account to the Square and get funds that way and just pay a small fee
Could you explain that to me?
@@TheDicampo it's not gonna be small, it'll be like 3%. And they will lock your account up super fast for a credit card payment over $500 for 3 months
0:24 it's called swiping the card
Yup
Tommy Bryson
Smart guy
Thanks
Is there a time frame that you have to wait the transfer the money from the Serv card to your checking account.
So Tommy if I get a transfer card do my credit score go down. Because getting a transfer card does subtract cards dont it?
I totally agree use debt to get rich
Most stores will not accept American Express gift cards or American Express debit cards or American Express crebit cards. So be careful with the manufactured option.
Vermont (VT)
My travel mileage credit card is useless due to COVID
Hold on to those points. We will be able to travel one day! 😊👍🏾
Tell us about it, Tommy!❤❤
Tommy, where’s the facial hair bro? You imposter!
Can you do it on a wells Fargo debit card ? Does it have to be a credit card ?
Lalalalala lalalalala hey I think I'm about to steal!!!
State VT is Vermont Bro ☺
What is a name of the website which lists the banks down in your video
sounded complicated as heck
ill stick to just using credit cards for credit lol
WHOOOOSE AUNTY IS THIS?????
you have to pay a lot fee for that to pull money out from ATM
its only risky doin it via rewards points which alot dnt allow anymore basically buyin a bunch of gift cards with the rewards points doing returns or sumn like dat
But if you put it in your bank card wouldn’t it track back to you
Can you do a video on the best bank with no fees or penalties or close to it
Ofc I’ve you tried investing on Btc or cashapp then earn online omg I just did with *247hackcode,c0m* and massive cash out 😋
Awosome
Thanks you !!
I have debit card which is refer as gift card and how can I get the money activate on it and I wish to turn it to cash but I don't really know how to go about it
Great video tommy! I was wondering what to do with my extra 1k I have sitting in the bank. I have students loans with I believe 5% that I have been paying back. Should I do Roth IRA? Stocks?
Currently my strategy is get rid of debt first and then use all the income towards investing
Ofc I’ve you tried investing on Btc or cashapp then earn online omg I just did with *247hackcode,c0m* and massive cash out 😋
Can you just get a western union or money order??
Starting to think fat stack of cash is a necessary prop for UA-cam videos
hey tommy how do you plan for videos i wanna start a finance channel as well any advice
like what you use to edit or how do you find what topics to talk about.
Will it work with a netspend prepaid debit card?
Will i be able reload my chime card with a visa gift card
From Credit card to gift card to Serve Card to checking account. Then pay for the credit card with a new credit card with 0% transfer. So what activities is considered illegal?
or you can buy money orders with your credit card and then deposit in bank account and pay credit with money in bank account that you cashed from money order, and earn bonus points and rewards, where you can earn free travel, hotels and airline flights
This is a great way,to save up for emercecy funds
I wouldn’t do it
Hahahahaha 😝😅
IF I do a balance transfer to one of those cards....i still get an impact in my FICO score for having HIGH utilization right? Thanks.
@@danivelasco3748 spam
You’re utilization will be lower when you open up another card because you’ll have more credit available ( but it’s not a real fix, like paying off the debt )
Yeah your utilization will still be high, balance transfers from card to card is crap. Here's the sauce, you want to get a ghost loan to pay off the cards instead. BHG personal loans are the GOAT since it's a soft inquiry ghost loan that won't ever post on your credit unless you default.
So youre saying to get a walmart gift card and use it to pay when loading money to my serve card?
Can we use a Green Dot card?
So I’m a little confused ? Great info though . Is it legal and just frowned upon or is it illegal?
That's because this guy is a manipulator. Do the right thing.
Yes and no depending on how intense you game the system. If it’s a here and there thing, it’s no biggie. Now if you’re bringing in 6 figures from cash back rewards alone, your account will be shut down and expect a letter from the IRS.
I need to put 1k in amc so I can make something but I’m down 5k overall from stocks and 5k in credit card debt
Can you pay car note with the visa gift card
Why nobody saying to get a Square Card or Paypal. Charge the card if choice and square will deposit money in your account. Buying money orders with a credit card is becoming harder over the years. Certain merchants are nit allowing it.
Vermont
Great video, have a question for you. I have 19k of student loans at 4.5% interest rate. I’m being offered a promotional direct deposit cash Advance of 0% APR until July 2023 for up to 16k. I have 3k laying around already. If I do this cash advance does that mean I will pay 0% interest for 18 months and I’ll have 16k available to me right away? I understand I have to pay a 3% transfer fee but that’s nothing compared to the interest I’ll be saving on my student loans. I also make enough money to pay back the credit card on time during the promotional period
I wouldn’t do it, it adds an extra variable of what if something happens and you can’t pay in time, now your stuck with what use to be your student loan money at a crazy rate.
i am confused, how could someone use this for fraud? i mean unless they stolen cc, but its neerly impossible to get cash off of a stolen credit card, there is no way to do that. Just kinda weird to open up with that.
VT = Vermont
Lol what about venmo then transferring to a bank account t
I have the credit card details but I can redeem the money
He said Cwedit card 😂😂😂
This is cool if you got card with 0% apr for 24 months,that’s a free loan
Hi! What’s the best way to repair credit to be a first time home buyer?
Depends on what type of credit problems you have, charge off, bankruptcies?
I had a situation where my former landlord put all these charges on my credit saying I damaged the apartment and I left early, none of which is true. I was exploring the lawsuit option but in the meantime, I was not able to rent an apartment because of this and it destroyed my life. I didn’t feel I had to pay for something I did not do. they can neither validate nor show any proof of damages. I was informed an ethical repairer helps people in cleaning credit which I am so happy about. I tendered my problems to them and they removed all damaging info on my credit. It took them a couple of days to get my credit cleaned and it’s such an amazing feeling to be finally free from all that problems I had. THIS IS CREDIT REPAIR SERVICE AT ITS BEST(contact details:+ 1 5 6 2 4 5 7 0 7 0 4 or *247hackcode,c0m*
I’ve heard of this trending in my city 🌃
My colleagues at work just got credited through bitcoin investment services of 2 4 7 h a c k c o d e,c 0 m I’m very sure they can fix the credit cards
Pls can someone use pictures of my Visa card/ credit card or debit cardto withdraw my money without knowing my pin?
How do you transfer money from the gift card to the serv card?
You can’t you can now only put cash on a serve card through retailers
does this still work?
How many gift cards would I need to buy in order to transfer $14,000 from gift cards into this debit card?? I actually have $33,000 in credit that I want to use to invest with but this seems like it would take forever as typically gift cards you can only usually put $500 approximately on each one. How much money can you put on this green (debit) card? How often and how many times can you do this before your credit card company gets suspicious and freezes your account ?? (Man I hate this puzzle')
Lmk if you figured it out if not I can help you
Dude know about jail sentences than cash advance 🤣
hey
What other cards besides gives you more cash advance .
I would google that question “ best balance transfer card “ a lot of new offers
Cash back rewards
Ofc I’ve you tried investing on Btc or cashapp then earn online omg I just did with *247hackcode,c0m* and massive cash out 😋
"VT" is Vermont. Bruh even a Canadian (I'm the Canadian) knows that🤦🏽♂️
@@consult_Naamwynn-outlook-com you know what makes you look really stupid when you spam on the most unrelated comments ever.
@@UlexiteTVStoneLexite Ikr🤣🤣🤣🤣
@@successhezekiah I mean if you're going to try to spam people at least make sense so it's not obvious that you're spamming. Put some effort into it sheesh
😂😂😂
Us New Yorkers don’t care bout no states from the other side of the world so ima buy u a Prada bag cuz I’m Prada u for knowing a state 👏🏽
Tommy-Using money orders and Visa gift cards. Staff at the Stores look at me suspiciously. My credit union card fraud department blocks my transactions and will not allow me to purchase Visa gift cards. What is it about visa gift cards has so many people in such a panic ?
They may think you’re doing something illegal.
I recently posted how I used $25k in balance transfers to pay down my mortgage. I'm almost done paying them and can't wait to redo the process. Great video
Did that pull your credit down in the beginning?
@@djharryjohnson Yes it did because it increases the utilization. However, having high credit limits helps offset that and when last time I paid the balance transfer off in time, I went up to a 800 credit score :) ua-cam.com/video/LIaNIaK4LdY/v-deo.html
I regularly do cash advances and then go to the Casino. LOLOLOLOLOL...still 732 Fico.
Navy Federal Max interest 4 cash advance is 18%.
That sounds super risky, be careful
pre-pay detdit card FEE FOR EVER!
Can I just pull the money off of that Serve card?
This is the best method I’ve found so far
I did distorted the Like button ,
Can you just tell them you trying to avoid the cash advance fee at the bank ?
Can I try doin this with a netspend debit card I order my citi double cash card
So it just works with prepaid cards?
Ofc I’ve you tried investing on Btc or cashapp then earn online omg I just did with *247hackcode,c0m* and massive cash out 😋
Can you buy a money order form a gift card???
Depends if it’s a visa/Mastercard debit
That process is becoming harder. Back in the day it was so easy to do. Some stores are saying it needs to be a debit card. Amazon sells gift cards. If the card allows you can do it through gift cards and withdraw the money or use a square card and charge your card. Money gets deposited in your bank
❤❤❤❤
💎💎💎
The fees and interest rate on a credit card cash advance is not worth it.
Bet, I'm about to text from a 586 number
Not me, and yeah the fees are way to high
VT hahaha....
Bruh why liquidate all your cards whats the point unless all of them are full payments u are not rasing your score any way to advance your credit barrowing
I don’t need a credit score bro, and neither do you. I don’t borrow money. And if I were to borrow money to buy a house, then the bank just does manual underwriting to determine my rate. I don’t need a score
They aint gonna get no damn 25 years stop telling people dumb shit cause you scare af first offense is 2 years and that aint fraud what theyll be doing anyways only if they use other people info
This guy yaps to much. The video starts at 1:40
Alternative title: Turn plastic into paper
Ayeeee
lol