How To Turn Credit Cards Into Cash Using Paypal Venmo Cashapp
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- Опубліковано 27 сер 2024
- How to turn credit cards into cash is the big quesion.To be in front of opportunity you need cash sometimes. You can't use credit cards all the time and sometimes you don't have cash so you have to Turn credit cards into cash using paypal venmo cashapp just to name a few.
Cashapp venmo and paypal are tools you can use to get cash money in your pocket to do some big boy moves so you can turn that cash into more cash. In this video I'll show you how you to use theses tool and level up. Turning credit cards into cash is small skill you should try to have because most things you can get a great deal on you need cash becuase you might be buying it off a regular person you can't swipe your card with.
Paypal is unlimited so get big cash from them won't be too hard. Venmo and cash is not unlimited but still are very generous.
#paypal #cashapp #venmo
Dude, you are the best. Straight to the point and worked! Worked with TD Bank. They did flag it as an unusual transaction, but when I called back and unlocked it they said it was not seen as a advance, but a PayPal payment.
Thanks bro appreciate it. I’m happy it worked out for you PayPal always acting up but calling in cleans it up. Keep leveling up 🦾🏹💥
Agreed. Been rocking with this guy for a minute. 100% of his vids are just like this. No rambling or trying to run up the clock, just straight info.
Just subscribed 🫡 it blows my mind that they don’t teach this stuff in school
I used my cards to buy a townhouse back in 2015. I pulled cash advances off my cards 40k. I still own the property its worth much more now.
Wow congratulations!!! That’s some big moves with your credit card buying a asset that I know is worth some real money in this market. 🏹
@@levelupfinance1 Thanks Im a big fan of credit cards since 1992 when I got my first card in college (I still have it btw) I already owned a few houses with traditional mortgages when the townhouse popped up the bank wouldn't give me a mortgage for 40k well I said to myself I have almost 200k on my credit cards so I called them the money was in my checking account a few days later. I bought 3 more properties in 2016 using the same method. I now prefer buying my rentals with credit cards vs traditional mortgages. Im probably not your usual viewer Im a middle aged Black woman.
@@six6goddess214 hello, this is my second time seeing one of your comments under these types of credit videos :)
do you need a high income to do this ?
Thanks
@@miamayamo Average income should get you nice limits but Its all about relationships. Ive been with my bank over 30 years.
@@six6goddess214 I wish you had a UA-cam channel elaborating on how you do what you do with the c.c to buy retal properties!
My thoughts exactly. I've never tried to avoid those small fees when it comes to "big boy" moves. I remember when I used to be reluctant about sending mail overnight. Last week I spent $125 with FedEx to send documents to finalize a $32k deal, $89 yesterday on a $4k deal. It's all about mindset.
Help lol
Wow congratulations my guy 125$ to get 32k$. That’s exactly the mindset we need to level up pay small fees to for big returns. Keep leveling up I love to hear hen type of stories it’s motivation🏹💥
You don’t even know it man but you helping me out for the long run in my lifestyle
It’s about time I hear someone telling people when they do stuff like this don’t worry about those small time fees when you’re making money.
Just keeping it real. What’s 3% when you about double your money. Level ⬆️
@@levelupfinance1 I agree. I guess people don’t know that when they are going to work driving back-and-forth they are actually spending money to make money by the way of buying gas, so on and so forth. Somewhat the same thing
Damn we miss this guy videos and knowledge and humor lol
Man you save my life! I just use Paypal for this and it is work! So we don't have an emergency cash problem anymore! I will always use this strategy, thanks.
Straight to the point what a legend !!
Thanks my guy.
☝️☝️☝️ I can’t not stop him for being be three for me and be a legit vendor ☝️☝️☝️ thank ti him 👆👆
Enjoying your videos and I’m subscribed wish you much success.
Thank happy you like the content. And appreciate you for the sub and the positive words!
Uh... You skipped a step with PayPal? How are we using our Credit Card with PayPal to pay ourselves?
BTW, it also seems we need a separate account not associated with us, cause the system won't allow us to pay ourselves.
Exactly.. totally skipped a major part and made it seem like we can easily do something we actually cannot.
Thank you so much for an short and sweet explanation. I've definitely done PP before but was interested CC to Cash app. Are there any fees on Cash Apps side besides the normal transfer fee and are there any CC fees beside the regular interest accrual?
Your very welcome. That’s it only the 3% fee with cash app or Venmo no extra fee with your cc on your regular apr.
Would any of these transactions trigger a cash transfer fee?
Do you know if Chase credit cards charges Cash Advance fees with these apps?
Nope doing these strategies won’t tricker a cash advances from credit cards.
I thought about just making a Shopify store & buying a huge product from myself. Hopefully that's not laundering 😂 & just going to the dealership to buy cars then selling them
Did it work 😂
cool video is there a limit and is there a hold on the funds like paypal? 🤔🤔🤔
i used this method but used my Amex Blue Business Plus card and took advantage of the 0% APR. i paid off my other AMEX card but will then pay off my business card at the end of the month to reach my 3K spending bonus for earning MR points. Business cards dont report to your credit report so my utilization will go down and ill be good. earned a sub bro thanks
Hey man great video, I just hit a snag tho while I was doing this with PayPal, after I put in all the information, along with the credit card, at the end it said “ we’re sorry, we’re not able to process the payment at this time, try again later. “, I tried three more times and it still didn’t work, what can I do about this?
That’s weird. Is your PayPal account new because if it is they pretty sensitive to new accounts to do anything extra. Cashapp is less sensitive. You can do the cash advance and get money off your card no fees when you do it with a credit union. It’s on the channel check it out.
Do they charge you the high interest rate like they do with a cash advance cause most of of the cards I have charge like 24% interest rate for a cash advance and I hate paying extra
Big Boy 💰💰💰 new Sub
You already know. Thanks for the sub. Level ⬆️
on that last example, won't that negatively effect your business credit though?
Dope video. I just upgraded my PayPal to a Business Account. I’ve been verified with PayPal. I’m trying to liquidate my credit card to do my real estate deal. My question is today is 7/1/21 how soon can I start transferring money and even though there’s no limit to how much you can. To ensure I’m not flagged how much should I do. I know you said wait on PayPal for about 60 days but since my PayPal is a over a year old can do the transferring now. Or should I still wait. Hope that makes since.
I have business PayPal too but I wouldn’t do it will your real PayPal account they report your info to the irs so I would do it on the personal side you don’t want to get audited. PayPal is very sensitive to big moves so start small if this is business account or business that you don’t use like that you can start ASAP.
Does sending money to partner without using invoice gets triggered as a cash advance from bank? Or does all look like purchases?
How much each time limited ? Use the credit card to paypal
Do you have to pay taxes on this? If you receive the money from a business cc to your PayPal and then withdrawal to your personal bank account is that considered income ?
Nope you don’t pay taxes on debt only profits. If you get money off your credit cards that like getting a loan. 🏹💥
If you got capital one dead it , they still charged a cash advance fee .
wym dead it?
Hi I just started watching your videos I just became a member of Navy Federal I wanted to know if you can tell me what is the first credit card I can apply for
Hello. Get prequalified first, then see what your pre-qualify for then apply. WARNING your first card might be small limit (500-1000) unless you wait 3 months till you build some kind of relationship with them you can get a big boy limit. If your credit is good apply for any credit card you want but if your credit is bad go for the platinum or the go rewards and eventually to a product change. Level ⬆️
Wow lots of good info thanks 🙏
This is better. The other folks take 20 minutes to go in circles about this.
I try to get straight to it. Thanks for the positive feedback appreciate it. 🦾🏹💥
Now I just gotta learn what is good to flip and the price margins
Let’s get it. 🏹
Is this for people with good credit? Mine is in like the 600s and if I turn the cc money into cash, don't I have to basically pay that back to the cc company and make my score go up? I don't really understand the whole flipping cash thing lol I don't have anything to sell
What about retail store cards like Floor and Decor can you convert those to cash
How about credit cards sign up bonus can i used it?
I believe it still counts towards your sign up bonuses because none of them tools counts as a cash advance so yes.
Great video
Thank you!
How can you do like 10 k 11k? Is it the same principle?
Yes the same principle to get 100 dollars or 10k
@@levelupfinance1 Thx bro. Good look.🙏
@@levelupfinance1 How do you feel about Plastiq? Is it a good way or no?
Yall already know what time it is! Level Up!!!! Lets Go!!!!
Appreciate you big bro. Level ⬆️
Tried to do this on Paypal and it said my credit card can't be used for this transaction, any idea why?
The same thing happened to me. I tried to use a Reflex credit card and they told me I can't use it for PayPal. So if I try to buy anything with PayPal it will refuse it
Do you still do this or do you have another way of doing it now
This doesn't still work?I tried the PayPal and it didn't work
Thank you soooo much
Your very welcome happy to help.🏹
If I have multiple b. cards can I do a single transaction on each card all in one day, or that will raise a flag and I should spread the transactions day by day?
BX STAND UP!!!
With PayPal don’t go crazy cause you probably get your account locked but with cashapp they don’t care. 🏹
@@levelupfinance1
It won't be considered a cash advance?
BX STAND UP!!!
what if da card
got a cash advance limit
fam alot of cards got a 250$ cash limit wen i did it it aint go through smh
THE GOAT
What do you mean season it??
“Season it” means to have money sit in your account for 3 months 3 bank statements so a bank won’t ask where those funds came from because it been there sitting in your account(seasoned). If you that they don’t ask questions but if you put on in your account from Venmo it won’t be excepted so best bet is to do it and let it sit 3 months. Paychecks or any other normal payment don’t need seasoning.
@@levelupfinance1 thank you 💚💚
@@levelupfinance1 is it illegal? Why would we be afraid of irs and audit
@@thorsnightmare1123 i do believe its legal, but if these platforms report it to the IRS they may count it as income, then you may have to pay taxes these extra funds after they audit your financials.
BX STAND UP!!!
SO its not treated like a cash advance?
Nope that’s the good thing with doing this.
Alot of these cards out here are limited to $250 cash advance regardless of their limit..
I just used this method to transfer some cash off my credit card to my bank account. Is it better to send the cash to the business account (new account made for transfers off cc) and deposit to bank, or to deposit from my personal (older account) sent from new business account? Also if we’re talking $200 here n there is it a big deal or only with 1000s? Hope it makes sense, thank you!
Sure makes sense you definitely playing the game correct and thanks for the insight it’s appreciated. 🏹
@@levelupfinance1 thanks for the quick reply! I really appreciate your advice, it helped me out big time and you’re definitely putting people on with some free game as long as they pay attention. For over a year I always wondered how to get around the cash advance fees, I think PP is the best personally.
@@wwmeloy so you were able to transfer money between your business and personal account?
None that has to do with using credit card to send
All of them you can use a credit card with to get cash off
Paypal charge fees?
No cash advance fee ? Only 3% of the taken amount.
Yep.No cash advance fee just 3%.
Does the PayPal thing count as a cash advance?
Nope not at all. 🏹
All these still charge you money
it doesnt allow American express :(
What if it’s a PayPal credit card
Discover doesn’t work😢
Thanks
I use PayPal invoices 💪🏿
Yes sirrr
How does payal invoices work?
@@TRuffin send yourself an invoice & pay the invoice. You basically just paid yourself.. but on the credit card side it looks to them as if you paid for a product or service.
@@TRuffin use 2 different accs.
@@jaylynstokely513 ok thanks
Goat
FROM NEW JERSEY PAYPAL HARD PULL EXPERIAN !
Jersey in the house!!! Thanks for the info my guy appreciate it. 🏹💥
Is this recognized as a cash advance from your card company?
BX STAND UP!!!
Nope not at all it looks like a purchase. That a good question cause I thought that too. 🏹
@@levelupfinance1 i really appreciate your swift response, this helps me out a ton.
BX STAND UP!!!
@@levelupfinance1 if I have a business checking account, can I deposit the funds off my card into that account?
BX STAND UP!!!
I used my square account
Expound please? Did you charge yourself through card reader, online purchase or invoice?
So I'm not following you regarding pulling cash off your credit card, I have PayPal, so your saying I can cash off my credit card and transfer it to my bank account, exactly how please, my PayPal only list my bank account to transfer the money, what up.????
Exactly I’m lost myself
He probably should have explained a lil more I’m depth I just figured it out. They are attaching their credit card to there PayPal account. After that, then send money. At the end of the prompts it will ask what card you would like to use to send the funds and that credit card should pop up as an option.
@@RiverSideJettz88 OK cool, that makes sense, appreciate the help, regards ✌️
@@RiverSideJettz88 and or have a credit card through PayPal, which is good because they have no interest for 6 months.
God bless you
Are you sleep talking? Doesn’t matter cuz now I’m asleep too
What if you can get a high limit credit card to do those things.
You good to go then you can just use your one card to pull money off.
@@levelupfinance1 can I pull all the money off my high limit credit card using PayPal ?
@@trappinaloneneverhome great question, I do believe you must leave enough on the card to cover the processing fee, that your card will charge for this transaction.
BX STAND UP!!!
@ LUF can I use the same strategies with a "business credit card"?
Definitely 100%
@@levelupfinance1 if I have multiple business cards can I withdraw from each one in a day, and while reading the comments I noticed you mentioned to someone that PayPal reports these transactions to the IRS... I need some clarity on that.
BX STAND UP!!!
💯💯💯💯💯💯💯💯💯💯💯💯💪💪
This doesn't make any sense to me. You can already transfer paypal to your bank account or use your paypal card immediately at any cash point. You can't take money off your paypal credit account or get cash on paypal you don't have in your paypal balance.
Not to be rude but your not paying attention.
@Israel Forever they are attaching their credit card / vanilla gift card to there paypal accounts, after that. You'll send the money, you'll be prompted to select how you would like to send they money ...you then select which credit card are vanilla gift card you want the money to come from. simple
how to prevent showing cash advance
I couldn't use Paypal credit card with Xoom.
This doesn’t work
cool video is there a limit and is there a hold on the funds like paypal? 🤔🤔