Credit Card Cash Advance?

[dudeyone]

I've got a Citibank credit card from back home. Can I go over the counter here and get some sort of cash advance? I don't remember the ATM pin or anything like that.

[CWMcMurray]

You can do it at any of the currency exchange booths...

[dudeyone]

Serious? Will I get lousy rates?

[JimGant]

Serious? Will I get lousy rates?

Yep. Credit card cash advances should only be used in emergencies. First off, Citibank will charge you a 5% cash advance fee. Next, the clock on 18% interest kicks in immediately. Then, whatever network Citibank rides (Visa or MasterCard) will charge a 1% foreign transaction fee. Then, on the Thai side, these folks will want their share of your assets. So expect a hefty fee here as well. These will differ between booths and banks, with the former usually charging more.

You won't need your pin number, as this will be a signature transaction.

Also, your cash advance maximum may differ from your overall credit limit, so check that out if you're really seriously considering going this route.

[BigSnake]

Yes, at all most any bank with proper ID(Passport) and an account with that bank would be a plus for sure, bet you got a high interest rate with that Citi-Bank card, sure did with my BOA card, got rig of that bad boy, got luck and got a local one via SCB.

[dudeyone]

Serious? Will I get lousy rates?

Yep. Credit card cash advances should only be used in emergencies. First off, Citibank will charge you a 5% cash advance fee. Next, the clock on 18% interest kicks in immediately. Then, whatever network Citibank rides (Visa or MasterCard) will charge a 1% foreign transaction fee. Then, on the Thai side, these folks will want their share of your assets. So expect a hefty fee here as well. These will differ between booths and banks, with the former usually charging more.

You won't need your pin number, as this will be a signature transaction.

Also, your cash advance maximum may differ from your overall credit limit, so check that out if you're really seriously considering going this route.

Man, didn't know there was so much crap. Definitely will be my emergency only option now.

[Soutpeel]

Yes, at all most any bank with proper ID(Passport) and an account with that bank would be a plus for sure, bet you got a high interest rate with that Citi-Bank card, sure did with my BOA card, got rig of that bad boy, got luck and got a local one via SCB.

Having used an SCB credit card for a cash advance on a couple of occassions, as the ATM card had sh8t itself....the SCB cash advance is not much cheaper, if memory serves, think they hit me THB 600 fee ++

[dudeyone]

Yes, at all most any bank with proper ID(Passport) and an account with that bank would be a plus for sure, bet you got a high interest rate with that Citi-Bank card, sure did with my BOA card, got rig of that bad boy, got luck and got a local one via SCB.

Having used an SCB credit card for a cash advance on a couple of occassions, as the ATM card had sh8t itself....the SCB cash advance is not much cheaper, if memory serves, think they hit me THB 600 fee ++

How much was the cash advance for that 600 BHT fee?

[Soutpeel]

Yes, at all most any bank with proper ID(Passport) and an account with that bank would be a plus for sure, bet you got a high interest rate with that Citi-Bank card, sure did with my BOA card, got rig of that bad boy, got luck and got a local one via SCB.

Having used an SCB credit card for a cash advance on a couple of occassions, as the ATM card had sh8t itself....the SCB cash advance is not much cheaper, if memory serves, think they hit me THB 600 fee ++

How much was the cash advance for that 600 BHT fee?

Think it was THB 10,000