Comments on: Theoretically, can you get one cash advance from credit card to pay off another cash advance?

By: ANJANETTE C

ANJANETTE C — Wed, 19 Nov 2008 07:50:52 +0000

All you are doing is robbing from Peter to pay Paul.

Yes you can do this but you will still have to pay something regardless because you will have cash advance fees. If you can keep up with the transactions then go for it. How about you save $250-$500 within a 2 month period and use that to pay off you r credit card instead of doing a cash advance. You will thank me later!

By: lots_of_laughs

lots_of_laughs — Mon, 17 Nov 2008 06:44:54 +0000

Do it forever?

There are only a fixed number of credit card companies.
The more credit cards you open up, the lower your credit available. Eventually you’ll run out of options and will have to pay off.

By: tercir2006

tercir2006 — Thu, 13 Nov 2008 21:00:33 +0000

Sorry, there’s a limit on cash advances.

By: BosCFA

BosCFA — Mon, 10 Nov 2008 00:03:11 +0000

Not on the same card. Think about it this way. You have $1000 outstanding debt. You get a $1000 cash advance, so now you have $2000 outstanding. When you paid the $1000 back, you would be back to the $1000, and you would be charged finance charges for it.

By: Doncesar

Doncesar — Sun, 09 Nov 2008 09:15:56 +0000

Yes you can; however you’ll have to pay finance charges, or cash advance fee…no way around it