Cash advance

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The Exterminator

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Jan 22, 2010
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Someone knows about places that do cash advance from a credit card?

Where I just need to fill out some form and then they give me money without going to an ATM

T.E.

:surprised
 
A

Adrian Bye

Bronze
Jul 7, 2002
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i've done this in europe in many banks ~15 years ago and it worked fine.

but today i would just get a pin for my credit card and withdraw the cash advance from the nearest ATM automatically without going in.
 
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Ken

Platinum
Jan 1, 2002
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A bank. If you are uncomfortable using an ATM, go in the bank and ask the customer service person who you go to for a cash advance. Be sure to have your passport when you do.


The Exterminator said:
Someone knows about places that do cash advance from a credit card?

Where I just need to fill out some form and then they give me money without going to an ATM
Click to expand...
 
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TOOBER_SDQ

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Nov 19, 2008
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I did this a few times about 10 years ago.

The credit card company charged me 35% for the advance. :surprised

Loan Sharks have better rates.
 
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meregirl

New member
Aug 22, 2008
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Lol

TOOBER_SDQ said:
I did this a few times about 10 years ago.

The credit card company charged me 35% for the advance. :surprised

Loan Sharks have better rates.
Click to expand...

Yeah but the credit card companies don't try to break your legs for being late. However there are some new changes to their policies. :cheeky:
 
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Eddy

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Jan 1, 2002
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Ken2 said:
A bank. If you are uncomfortable using an ATM, go in the bank and ask the customer service person who you go to for a cash advance. Be sure to have your passport when you do.
Click to expand...

I'm pretty sure all the banks do it. Interest/service charge rate, I don't know.
 
R

rubio_higuey

Gold
Feb 7, 2007
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The bank doing the cash advance gives you the full amount (e.g. 50.000 pesos) . The cash advance is in pesos only. They will swipe your card (credit or debit) through a CardNet POS terminal. The receipt will say "CASH ADVANCE". Have your passport ready. They do not charge a fee on the transaction themselves, but your bank might, and they will split the fee.

Popular only does CREDIT CARDS
Progreso does CREDIT AND DEBIT cards
Banreservas does credit and debit but ONLY VISA cards

Cash advance is a good option if you need to withdraw larger amount of money. Many ATMs in the DR are now programmed to allow you to only take out RD$2.000 pesos per transaction when using card of a different bank than ATM owner.
Example: Popular, Progreso, Leon.

Also, many foreign cards will NOT work in some DR ATM's (don't know why...). I have both US debit Mastercard and European debit VISA, and neither works in Leon or Santa Cruz, but they work in Popular and Progreso.
 
bienamor

bienamor

Kansas redneck an proud of it
Apr 23, 2004
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BHD takes both Credit or Debit cards for cash advance, and they have a limit on their own cards for ATM withdrawal, but the foreign cards normally use the limit set by the cards originating bank.
 
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TOOBER_SDQ

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Nov 19, 2008
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bienamor said:
BHD takes both Credit or Debit cards for cash advance, and they have a limit on their own cards for ATM withdrawal, but the foreign cards normally use the limit set by the cards originating bank.
Click to expand...

You beat me to it.

If you need to withdraw a large amount eg. 30k RD, find a BHD ATM.
 
C

Chirimoya

Well-known member
Dec 9, 2002
17,850
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This may be out of date because I only do this in emergencies, but in the past Reservas would only do Mastercard cash advances and Visa holders would have to use Popular: has this changed?
 
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