Does anyone have experience with liquidating credit cards for cash?

[Micah White]

Hey everyone! I am currently looking into applying for a credit card in hopes of liquidating the credit limit via bank transfer, and I am curious if anyone has experience doing that.

Main concerns:

1) How badly does it ding personal credit?

2) What credit cards are best for this strategy?

3) Is $50K obtainable? Even if it is across several cards

4) What are some considerations to think about before doing this?

Thank you!