How to get Cash out of Credit Cards

by Hu$tler on August 6, 2009

in Street Smarts

This is a little known trick with Current by Discover whereas you can deposit money into your “teen card” using your chase credit card. This count as a purchase and you can withdraw money from your “teen card” via ATM machine. Since you are funding with a cash back credit card, you make money say 2% cash back with the Charles Schwab credit card.

Discover Teen Card

Few important facts must know:

  1. Best to use it with Schwab 2% cash back to maximize profit.
  2. Teen Card can be loaded up to $2500 each time. But do so only once per month in order to avoid audit.
  3. Withdrawal can only be at $500 maximum per day, but only do it once a week. Again, avoid fraud audit by minimizing abuses. No ATM fee if you can find one through the Pulse Network.
  4. $5 monthly fee to keep the card open, but free first month with offer code “DM110806
  5. Get up to 3 cards, so in theory, credit up to $7500.
  6. Also, try to use the teen cards for small purchases every now and then so they won’t be so suspicious. Again, try to follow my directions if you do not want the cards to be closed down.

Quick Free FICO Score and Report

MyFico is giving your credit Score Watch and report Free Trial for thirty days. They will remind you when your free trial is up. The best part is they are making the cancellation extremely easy. Simply visit this MyFico cancellation page so you won’t ever have to pay anything! Once you login, the cancellation is quick with an easy cancellation button. No need to call customer services or dealing with them selling other financial products.

Checking your credit score and report are vital to your financial health. Visit MyFico today to get your free credit score and report.

More

{ 18 comments… read them below or add one }

Leave a Comment


eight + 5 =

{ 1 trackback }

Previous post:

Next post: