Ideas On Getting A Cash In Advance With A Us Credit Card

[derekhhh]

Hello,

I would like some ideas on getting a cash in advance on my card.

I called my bank in the US, and they said that, with my card, I am able to do a cash in advance at any Financial Institution.

They said though, that they were not sure about overseas.

My card is a Visa and I'm the only one on the account.

Might anyone know how I could do this?

One option I thought of was using some American bank in Thailand, but does one exist?

(I looked up Wells Fargo and found something that might be a branch in bangkok...

tried to call them but no one answered)

I appreciate the help!

[Farma]

I have no problem getting a cash advance from ATM's displaying the VISA symbol using my visacard.

As long as your bank has approved your VISA card for overseas use and you have credit available I can't see you having a problem. The amount you can withdraw will be limited to the daily limit your bank has imposed plus a transaction limit (usually 20,000 Baht)set by the ATM

Using this method you may incur extra charges.

For example with my card along with the amount I withdraw, I am hit with the 150 Baht Thai transaction fee, an overseas cash withdrawal fee and international withdrawal fee. The withdrawal amount also incurs interest from the date of withdrawal.

[cdnvic]

I've gotten cash off Visa and MC without issue in Thai ATMs.

[TerryLH]

If you don't have a PIN number, and can't use an ATM, you can take your card inside a bank and they'll call VISA in Bangkok to get an ok for a cash advance.

[BillR]

buy something of the same value for a friend on the card in exchange of cash.

[astral]

If you don't have a PIN number, and can't use an ATM, you can take your card inside a bank and they'll call VISA in Bangkok to get an ok for a cash advance.

You will need your passport for ID.

[t.s]

any exchange booth, as long as you have your passport.

[PaulUSA302]

Here in the USA you can go into almost any bank and they will process your credit card as if you were making a purchase and give you the cash. I am not sure if a Thai bank will perform this service.

[Phil Conners]

^ They will, and do. (but you need your passport to show your identity).

Or if you have the pincode to the card just use one of the many ATM's around.

[derekhhh]

Thanks for the responses. I don't remember my pin (or maybe my card doesn't have one).. and I tried three banks today, and they all said it was declined when they tried to scan it. Any ideas why this might happen? I also called my bank beforehand, and they said the card is in good standing.

[PaulUSA302]

hel_l, then maybe you can use your card to send yourself a western union money payment.

[sirineou]

buy something of the same value for a friend on the card in exchange of cash.

excellent Idea, I do it all the time, depending when you make the purchase, you get the money interest free for up to 1 month, and after that the lower revolving credit interest rate.

[sirineou]

Thanks for the responses. I don't remember my pin (or maybe my card doesn't have one).. and I tried three banks today, and they all said it was declined when they tried to scan it. Any ideas why this might happen? I also called my bank beforehand, and they said the card is in good standing.

As It was stated earlier by others, you need to call you bank ( if you have not done this already) and tell then that you will be using it in Thailand.To prevent fraud they might have a block place on it, if it is used outside the states, Maybe that was the reason why it was declined.

Good Luck

[gpdjohn]

I do a cash advance once a month.. had good luck at SCB and K bank. Just walk up to the teller and tell her/him that you want a cash advance, present your Visa card and your passport.

Swipe, sign here, sign there..

It's that easy.

Some banks will limit how much you are able to get.

[JimGant]

Here in the USA you can go into almost any bank and they will process your credit card as if you were making a purchase and give you the cash.

Except, unlike a purchase, which has a 25-30 day grace period before interest kicks in, interest charges are immediate (unless, for some banks, you pre-pay your account, thus carrying a credit balance). Also, a cash advance fee -- sometime pretty hefty -- applies.

This is all in addition to the foreign transaction fees levied by the Visa/MC networks, plus varied and sundry other fees levied by your issuing bank. Yes, these are the same fees charged for using a debit/ATM card abroad. But the latter are definitely a better deal overall, especially for regular cash withdrawals.

A credit card for a cash advance should definitely be considered a 'last resort.'

[Jimi007]

Here in the USA you can go into almost any bank and they will process your credit card as if you were making a purchase and give you the cash.

Except, unlike a purchase, which has a 25-30 day grace period before interest kicks in, interest charges are immediate (unless, for some banks, you pre-pay your account, thus carrying a credit balance). Also, a cash advance fee -- sometime pretty hefty -- applies.

This is all in addition to the foreign transaction fees levied by the Visa/MC networks, plus varied and sundry other fees levied by your issuing bank. Yes, these are the same fees charged for using a debit/ATM card abroad. But the latter are definitely a better deal overall, especially for regular cash withdrawals.

A credit card for a cash advance should definitely be considered a 'last resort.'

I agree! The charges can be pretty hefty. I used my credit card instead of my ATM card at an ATM once, by mistake. I never made that mistake again!

Also as far as US banks in Thailand, there is a Bank of America branch around Silom Bangkok. I highly doubt there's a Wells Fargo branch outside the US.