Where do you get a cash advance line up to $45k or even $65k?
AAA gave me a credit card with a credit line of up to $30K. I got a triplex in escrow, but needed $45K to close. I called AAA and over the phone they bumped it to $50K, and while I was on the phone they wired the $45K I needed right into my account.
They also tow your car for free. You should get a AAA membership. Almost as good as a Bigger Pockets Pro account.
Investor · Riverside, CA · Member since 2011 · 2k+ posts · 3k+ votes
12y
Just wanted to post an update. That credit card I posted about earlier has upped my line of credit to $75K and now is offering 18 months, 0 interest, and 4 points. I had them wire the entire line into my account and used the money to pay cash for a rental property which I plan on holding until next spring.
Des Plaines, IL · Member since 2013 · 38 posts · 4 votes
12y
It's a good system. I pulled $40K from credit cards at 0% interest for a year. Have the numbers and exit strategies all well-thought out so it feels good.
Real Estate Lender · New York City, NY · Member since 2011 · 54 posts · 30 votes
12y
Which cards over the "Cash Advance" at only 4 points? I just got CITI Simplicity Card Offer for 0% APR for 18 months on purchases and 3% for balance transfers. But, for cash advance their is a 5% fee plus the normal 12.99% APR.
Obviously those numbers don't work for a cash advance. If I can find one for 4% then that would work.
Which cards over the "Cash Advance" at only 4 points? I just got CITI Simplicity Card Offer for 0% APR for 18 months on purchases and 3% for balance transfers. But, for cash advance their is a 5% fee plus the normal 12.99% APR.
Obviously those numbers don't work for a cash advance. If I can find one for 4% then that would work.
Usually the 0% for some number of months with a 3-4% transaction fee is a special promo thing.
Like those checks they send you all the time just that in these case they have special terms not just trying to get you to use them at those pricy rates.