nasty-bob
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| posted on 17/11/09 at 08:41 PM |
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OT: Would this work.......
Hi,
I'm trying to think of a cheap (read free) way to get cash off of a credit card. One plan I have, but am not sure whether it would work, is
using Paypal.
If I linked the card to paypal, so the card was charged for the transactions, then paid a trusted friends account a sum of money. Obviously there
would be a paypal charge for my mate to receive the money but, could he refund me the money and not incurr any charges? And if that's possible
could I change my account to be linked to my bank account and then withdraw the refund?
Anyone know? or is there another way?
Cheers
Rob
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smart51
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| posted on 17/11/09 at 09:04 PM |
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Paypal "gifts" are fee free. Your "friend" could just give you the cash, if they're the type to spend on things using
paypal.
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nasty-bob
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| posted on 17/11/09 at 09:27 PM |
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Good shout but "Gifts" can only be funded by Bank or paypal balance ie not cards.
Cheers
Rob
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JoelP
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| posted on 17/11/09 at 10:11 PM |
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i suspect a refund would have to go to the card it came from.
Best way to get free cash off your card is to buy things for friends, ideally expensive things like group meals out, but maybe just full tanks of fuel
etc.
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Peteff
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| posted on 18/11/09 at 10:00 AM |
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It's only free if you pay the amount off when it's due at the end of the month isn't it ? There's no such thing as free money,
someone will have to pick up the tab somewhere along the line. A friend of mine thinks if his cards aren't maxed out then he has money to spend.
Last count he owed £13,500 and has sod all in the bank, so transfer the balance to a new card and start all over again. He does have trouble sleeping
though.
yours, Pete
I went into the RSPCA office the other day. It was so small you could hardly swing a cat in there.
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wilkingj
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| posted on 18/11/09 at 12:58 PM |
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I think you will find that cash withdrawals against a credit card attract interest from the day the money is withdrawn, not from the end of the
month.
I would think the cheapest way is to get a Bank loan, from a Bank or Building Society, Credit Cards are nearly as expensive as Loan Sharks.
DONT get into Debt, its really hard to pay it all back with all the interest. Go without or save up, its the cheapest and safest way financially
speaking.
The interest rate may look small at 1.5%, but mulitply the rate by 12 (months) to get the annual rate, and its nearer 20%, which is an expensive
loan. Only use a credit card if you can pay it off completely when you get the next bill.
1. The point of a journey is not to arrive.
2. Never take life seriously. Nobody gets out alive anyway.
Best Regards
Geoff
http://www.v8viento.co.uk
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RK
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| posted on 18/11/09 at 02:35 PM |
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If things are so tight that you can't afford bank fees etc, then you can't afford the items you want to buy.
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nasty-bob
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| posted on 18/11/09 at 09:07 PM |
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lol I'm touched by the concerns over my finances, but without boring you all with the details I only need it for a month and I need it next
week. I can borrow from other sources but thought if I could dodge the 2.5% cash withdrawl fee, this would be an easy fix.
Cheers chaps.
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02GF74
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| posted on 18/11/09 at 09:24 PM |
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quote:
Originally posted by nasty-bob
I only need it for a month and I need it next week.
LOL they all say that as the baileefs leave with their falt screen telly .....
anything you have thought of will have been though of before - no such thing as feree or cheap money.
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nasty-bob
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| posted on 18/11/09 at 10:27 PM |
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Again, thanks for the patronising lectures, you've just reminded me why I don't often ask questions on here.
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RoadkillUK
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| posted on 19/11/09 at 12:30 PM |
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quote:
Originally posted by nasty-bob
Again, thanks for the patronising lectures, you've just reminded me why I don't often ask questions on here.
Not managed it then? 
Roadkill - Lee
www.bradford7.co.uk
Latest Picture (14 Sept 2014)
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