Are you urgently looking for CASH? There are few ways that you can obtain CASH from your credit card available limit. We are not encourage you to withdraw cash advance from your Credit Card as the bank will charge you a instant 5% cash advance fee upon withdrawal and daily rest interest from 13.5% to 18% will be charge to you until you fully settle the amount. This post show you the information how you can get CASH from your credit card available limit and stress your repayment by installment with minimum interest rate charged.

Option 1:

Do you hold Eon Bank Credit Card?  You can take instant cash from your Eon Bank Credit Card and they will only charge a one time interest fee which the lowest rate so far.

Maximum amount that you can withdrawal is subject to your available credit card CASH limit.

For example you would like to apply RM 5000 and choose 24 Months repayment tenure.

One time interest fee will be RM 5000 * 6.99% (Currently they have 1% rebate promotion until 31^st Dec 2010) = RM 349.50. Hence in the first month of your bill date you have to pay RM349.50 and subsequent month you will start your repayment with 0% interest of RM5000 / 24 = RM 208.33 each month for 24 months. Meanings that you only pay interest of RM349.50 which is very little compare to cash advance and pay off in 24 months. To apply, please call 03-2382 7979 and speak to the officer that you want to apply Call For Cash. No filling form hassle, they are over the phone conversation recording for application process and you will get your money in 3 working days after approved.

Option 2:

Alliance bank is also offered instant cash from Alliance Bank Credit Card. They have 3 plans which are 6, 12 and 18 months plans and each plan charge 5%, 6% and 8% p.a. interest respectively.

Maximum amount that you can withdrawal is subject to 80% of credit card available limit.

For example you would like to apply RM 5000 and choose 12 Months repayment tenure.

Flat interest fee per annum will be RM 5000 * 6.00% = RM 300.00. Each month repayment amount will be (RM 5000 + RM 300) / 12 = RM 441.67. To apply, download the application form from http://www.alliancebank.com.my/pdf/forms/FC_appl_form.pdf and then fax to 03-5638 3667. You can confirm your application after 3 working days by calling this number 03-8073 7888.

Option 3:

This option is not legal however I will consider it as a loop hole of the credit card balance transfer plan.

Would you ever think how to get instant CASH from balance transfer plan?

First you will need a credit card (A card) has no outstanding balance on this card and any saving or current account in the credit card issued bank. Then now you can apply a balance transfer with other credit card (B card) to settle this credit card (A card) which has no outstanding amount.

Why it is allowed? Because most of the balance transfer now do not required you to submit the balance statement hence you can apply any outstanding amount you want.

Once the balance transfer is done, you will see the transferred amount has been credited into your credit card (A card) account. Now in your account it will show credit (positive) amount and means the bank owe you the money.

Finally, call the credit card (A card) customer service and tell them that you have overpay to your credit card (A card) and would like to withdraw out the overpay amount to your saving or current account in this bank (Do not use the credit card to withdraw the balance from ATM because it will be treated as Cash Advance).

This is how the magic of balance transfer to instant CASH

More instant CASH options can be found here Quick Cash

Withdraw cash from your Alliance credit card available limit from 6.00% per annum

Alliance Bank Fast Cash facility allows you to access cash from your credit card limit. A convenient option that provides you better control over your finances.

Features

• Flat interest rate from 6.00% p.a.
• Flexible cash repayment tenures of 6, 12, 18 months
• No documents or application form required, just one phone call
• Extra cash for your other needs
• Consolidate your other credit card accounts into one statement
• Up to 100% of available credit limit

Fast Cash 6-Month Plan

Settle your loan in 6 easy instalments and pay only 5% interest.

Fast Cash 12-Month Plan

Repay the outstanding amount in 12 instalments with an interest of just 6% p.a.

Fast Cash 18-Month Plan

Stretch your loan repayment to 18 months with an interest rate of 8% p.a.

Balance transfer that allows you to transfer your outstanding balances from other credit card/charge card from 0.00% p.a.

Features

• Interest rate from 0.00% p.a
• Up to 24 months repayment period
• Consolidate your other credit card accounts into one statement
• No processing fee

BSN Balance Transfer Table (*Rebate RM50 For Approved Balance Transfer Application)

Balance transfer that allows you to transfer your outstanding balances from other credit card/charge card at 6.00% p.a.

Features

• Interest rate at 6.00% p.a
• 12 months repayment period
• Consolidate your other credit card accounts into one statement
• No processing fee

Balance transfer that allows you to transfer your outstanding balances from other credit card/charge card from 6.00% p.a.

Features

• Interest rate from 6.00% p.a
• 0.499% per month for 6 months
• 0.750% per month for 12 months
• 1.000% per month for 18 months
• Up to 18 months repayment period
• Consolidate your other credit card accounts into one statement
• No processing fee

Balance transfer that allows you to transfer your outstanding balances from other credit card/charge card at 5.99% p.a

Features

• Interest rate at 5.99% p.a (12 months)
• 12 months repayment period
• Consolidate your other credit card accounts into one statement
• No processing fee

Withdraw cash from your standard chartered credit card available limit at 8.99% per annum

Features

• Flat interest rate at 8.99% p.a.
• Flexible cash repayment tenures of 6, 12, 18 months
• Hassle free in just one call
• No documents or application form required, just one phone call
• Extra cash for your other needs
• Consolidate your other credit card accounts into one statement
• Up to 100% of available credit limit
• A non refundable cash advance fee of up to 1% will be charged depending on the amount taken.

You may negotiate with the Customer Service Officer to get a better interest rate (e.g. someone got 2.99% before)

Balance transfer that allows you to transfer your outstanding balances from other credit card/charge card from 4.99% p.a.

Features

• Interest rate from 4.99% p.a
• Up to 18 months repayment period
• Consolidate your other credit card accounts into one statement
• No processing fee

Withdraw cash from your Citibank credit card available limit from 9.88% per annum

The Cash bundled with Flexi Payment Plan (FPP) options that lets you control your finances better, available only on your Citibank credit card.

Features

• Flat interest rate at 9.88% p.a.
• Flexible cash repayment tenures of 6, 12, 18, 24, 30 and 36 months
• Hassle free in just one call
• No documents or application form required, just one phone call
• Extra cash for your other needs
• Consolidate your other credit card accounts into one statement
• Up to 100% of available credit limit
• A non refundable cash advance fee of up to 1% will be charged depending on the Dial-For-Cash amount taken.

You may negotiate with the citiphone officer to get a better interest rate (e.g. someone got 5.88% before)

Balance transfer that allows you to transfer your outstanding balances from other credit card/charge card from 11.99% p.a.

Features

• Interest rate at 11.99% p.a
• Up to 12 months repayment period
• Consolidate your other credit card accounts into one statement
• No processing fee