sniperjza
04-16-2007, 03:55 PM
hello guys i know this isnt maybe the right section for this to be posted but i see most people are in this section anyways ...but its an easy question
i wanted to know if its possible to withdraw cash from a credit card and if you can whats the most u can take out at once .. thanks :)
cinder99
04-16-2007, 03:58 PM
yeah you can.....not sure how much....I think they charge you out the ass for it.
uonthebeach
04-16-2007, 04:00 PM
you sure can...but they usually charge anywhere from 17-25% for doing it. Mine is $300 limit, just call your credit card company and find out or look on your statement.
sniperjza
04-16-2007, 04:26 PM
oh ok thanks guys reason why i was asking is because i might take out 4500 to buy a k4 gixxer 600
cinder99
04-16-2007, 04:49 PM
oh ok thanks guys reason why i was asking is because i might take out 4500 to buy a k4 gixxer 600
your better off going to bank, for their lower intrest rates.
drinkdontdrive
04-17-2007, 10:40 AM
oh ok thanks guys reason why i was asking is because i might take out 4500 to buy a k4 gixxer 600
:hammer :nono :rolleyes
Worst idea you have ever had. Either finance it through the dealership, take a loan out from your bank, or do without. Don't pay 24% interest for a motorcycle.
Jonny
Dorkfish
04-17-2007, 07:41 PM
Pay. Cash. For. Motorcycles. And. Cars. If. You. Can't. You. Can't. Afford. It.
Ends.
S2000_Guy
04-22-2007, 12:37 AM
It all depends. If the rate for purchases on your card is reasonable, & fixed, you may be better off purchasing the bike with the card. (Ran as a credit card of course) Example: you have a 9.9% APR - go for it if it beats any bank/credit union/lender/dealer offer you've received! Absolutely stay away from cash advances though.
rootkit
05-10-2007, 12:04 AM
Pay. Cash. For. Motorcycles. And. Cars. If. You. Can't. You. Can't. Afford. It.
Ends.
I have to second this. Especially do not - DO NOT - buy a bike on loan/credit. This increases your chances of wadding it up by like 250%.
ciz28
05-31-2007, 05:54 PM
It all depends. If the rate for purchases on your card is reasonable, & fixed, you may be better off purchasing the bike with the card. (Ran as a credit card of course) Example: you have a 9.9% APR - go for it if it beats any bank/credit union/lender/dealer offer you've received! Absolutely stay away from cash advances though.
I agree with this advice if the situation is just right. My credit card happens to offer a balance transfer (transferring from them to me...) at 6.99% up to my entire credit limit. After I cash the check I can take the cash straight to a dealer to buy whatever I want without a lien against the bike. However, paying 20%+ on a loan for anything is just plain stupid.