Update 11/19/22: ACI is now sending out $10 compensation to Paypal accounts which made a payment when there was a cash advance issue to compensate for any fees. Interestingly, some people who never got hit with any fees still got the... Read More →
Tag - cash advance
PSA: Online Sports Betting Is Considered A Cash Advance
Just a quick PSA, courtesy of our friends over at r/churning: Online sports betting transactions with sites like FanDuel are typically considered a cash advance with most (all?) credit card issuers, such as Chase, Amex, Barclay, etc... Read More →
PSA: Don’t Use Paypal On AliExpress (Cash Advance)
Apparently I’m a few weeks behind on this, but reader Jessica reports getting hit with a cash advance fee when paying with Paypal for an EliExpress purchase. An internet search turns up multiple other people saying the same thing... Read More →
Beware of Cash Advances on Barclays Credit Cards
We typically have success avoiding cash advance charges by lowering the cash advance limit with the issuer down to zero, see our post How To Avoid Cash Advance Fees. However, reader Gadget – Bank Bonus Geek reports some disturbing... Read More →
Major Banks Charge Cash Advance Fees For Peer-To-Peer Credit Card Payments (Paypal, Venmo, Square, Etc)
A reader sent in a report that Chase now charges a cash advance fee on peer-to-peer payments (‘send money to friend’) using Paypal when paid with a credit card. Reports indicate that American Express and Bank of America now... Read More →