Convert Credit Cards Into Cash

Do you need cash for your business or real estate investing?

Did you know you can convert credit cards into cash without paying any interest for 12 months or more?

If you want to know how to turn personal and/or business credit cards into cash at 0% APR than keep on reading this post. You’re going to discover that getting cash from credit cards is by far one of the cheapest sources of money you can find, period.

As you know most personal and business credit cards allow cardholders to withdraw cash against the credit limit in a transaction known as the cash advance. You’re basically borrowing cash from your credit card.

When you use your credit card for a cash advance, you repay the money just like you would when you make a purchase on your credit card. The difference is the interest rate you pay on the cash advance is much higher than the purchase APR: typically, around 24% annual interest or more. Ouch!

Now that’s pretty pricey but I have great news for you. You can avoid the high interest rate on a cash advance by using what’s known as the balance transfer strategy. The best part of this strategy is you can continue borrowing cash over and over again at 0%.

Why Convert Credit Cards into Cash?

Getting cash from credit cards is ideal for people who need cash but simply can’t get traditional bank lines of credit or installment loans because they can’t prove income. But, if you have verifiable income like W2, 1099, tax returns or bank statements than apply for our traditional bank lines of credit or loan programs instead.

The most important thing to remember is this strategy only works best when you have the right types of credit cards in the right combination. That’s why our unsecured credit lines program is so popular and effective. Let’s break it down in a step-by-step example.

How the Balance Transfer Strategy Works

Step 1: Our funding program gets you 5 business credit cards with a $20k credit limit each for a total of $100k in credit limits. (credit limits may vary depending on the card issuer)

Now keep in mind all the business credit cards through our UBF program only report to the business credit reporting agencies. This is a major plus for building your company’s credit file.

One of the business credit cards offers a cash advance for the entire card amount with no fee. (card #1) While most credit cards have cash advance limits there are a few lenders that allow you to cash advance 90-100% of the card’s limit.

The other 4 credit cards offer 0% balance transfers that range from 12, 15 or 20 months.

Step 2: Take a cash advance on the first card (card#1), this puts $20k cash in your checking account and leaves a $20k balance on that credit card.

You accomplish this by calling the phone number on the back of the credit card or writing yourself a check that came with the card.

Step 3: Call the phone number on the back of one of the other 4 cards and tell the card issuer you want to take advantage of their 0% balance transfer offer. At that point, you simply provide the details for the card with the $20k balance (card#1) and they pay off that card.

So, the card (card#1) that you pulled $20k in cash out of is now at a $0 balance with $20k in credit availability again.

The original $20k is now on another card (balance transferred) that has 0% APR on that balance for 12 or more months. This balance transfer strategy allows you to completely avoid the high interest rate that you would have incurred on a cash advance.

Now keep in mind some card issuers have no fees for balance transfers while others may charge a 2-3% balance transfer fee. But, being able to borrow money at 2-3% for 12 or even 20 months is incredible.

More importantly, where can you borrow money at under 3% over and over again?

Step 4: Repeat the process. (You can do this repeatedly until you reached credit capacity)

The end result in this scenario is you can get $100k cash in your bank account and $100k in credit card balances at 0% for 12 months or more.

Think about how powerful this is.

To able to raise this kind of cash without any financials, tax returns, business plans, collateral, proof of income or selling a hard money lender on your investment idea is just incredible.

These 4 steps are an example and it’s obviously not how it works every time because your credit limits will vary and so on. I just used round numbers to simplify the process to make sure you get how this really works.

Now keep in mind you can convert credit cards to cash with personal or business credit cards. So, if you don’t meet the credit requirements for high limit business credit cards than we can always get you 5 high limit personal credit cards that are ideal for converting credit cards into cash (balance transfer cards).

What are the Benefits of Converting Credit Cards into Cash?

• Small monthly payments that all go to principle
• Completely unsecured which is ideal for real estate investing
• Fast way to get cash for real estate investing
• It’s revolving credit so it can be used over and over
• Access to cash with only 680+ FICO® Scores

As an entrepreneur, small business owner or real estate investor you need to be creative if you can’t verify income or you really value low interest rates. As you can see converting credit cards into cash is a simple and easy way for you to get the money you need to get going.

If you want us to conduct a free pre-qualification review to see how much you can get in personal and/or unsecured business credit cards send your contact details and tri-merged credit report to [email protected] for a review. Please allow 24/48 hrs. for underwriting to complete your pre-qualification.

*To obtain your credit reports we recommend using BusinessFundingEngine.ProCredit.com

Read to apply for high limit business credit cards to convert to cash and build your business credit? Submit your information below and a funding specialist will contact you within 24 hours. Plus receive my FREE business credit seminar audio ($597 value) =>

To Your Success in Business and in Life!

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About the author

Marco Carbajo is a business credit expert, author, speaker, and founder of the Business Credit Insiders Circle. He is a business credit blogger for Dun and Bradstreet Credibility Corp, the SBA.gov Community, Business.com, About.com and All Business.com. His articles and blog; Business Credit Blogger.com, have been featured in ‘Fox Small Business’, ‘American Express Small Business’, ‘Business Week’, ‘The Washington Post’, ‘The New York Times’, ‘The San Francisco Tribune’, ‘Alltop’, and ‘Entrepreneur Connect’.