Drag for 6 months

[davidtanwei]

Hi all,

I need 2000 dollars urgently and can
Return or pay back around 5 to 6 months.
Is it possible I used one credit card first. Then towards monthly payment for
first card. I used second credit card to clear. Then till monthly payment. I used 3rd credit card to clear. Then before monthly payment. I used the first credit card again. Once I get my company bonus, I then used it to clear my debt.

Can it be done...

 

[jacky5297]

You cannot use credit card to pay another credit card bill...

 

[iamveryguailan]

You can do a balance transfer or cash advance from your card. But that will probbly worsen your problem

 

[Nesplex]

Might as well just take a personal loan

 

[davidtanwei]

If cash advance... Should be no charges, right? It advances to my bank. Then I cash advance another card to my bank just so to pay another card. Only need to drag for a few month.

Balance transfer still got fee or interest. If cash advance no hidden.. I just need to make monthly payment before I got any charges

 

[davidtanwei]

Might as well just take a personal loan

I just trying to borrow without any interest. Just for 5 to 6 months.

 

[Nesplex]

If cash advance... Should be no charges, right? It advances to my bank. Then I cash advance another card to my bank just so to pay another card. Only need to drag for a few month.

Balance transfer still got fee or interest. If cash advance no hidden.. I just need to make monthly payment before I got any charges

Cash advance is not free. Using DBS as an example:

Cash Advance Fee. Cash Advance Fee of 6% will be levied on the amount withdrawn per transaction, subject to a minimum of S$15 per transaction.

The finance charge imposed on Cash Advance is 28%p.a. on the amount withdrawn and is chargeable on a daily basis from the withdrawal date until full payment is received. Minimum finance charge applicable on card account is S$2.50.

 

[hwmook]

If cash advance... Should be no charges, right? It advances to my bank. Then I cash advance another card to my bank just so to pay another card. Only need to drag for a few month.

Balance transfer still got fee or interest. If cash advance no hidden.. I just need to make monthly payment before I got any charges

Cash advances have the highest fees and interest. I don't know what make you think cash advance no fees. Balance transfer is the one which come with the lowest fees and interest...

 

[ELKYme]

Banks love customers like you. They’ll meet their KPI to get you addicted to borrowing, especially using credit cards

I just trying to borrow without any interest. Just for 5 to 6 months.

 

[maumu]

u're going to slide down the slippery slope of debt and depression.

pls ask a relative or close friend for an interest-free loan. $2000 is not a lot to ask.

 

[davidtanwei]

Anyone seen the dbs 0%interest balance transfer for 12months. Assume I borrow
For 20k and should receive $150cash back.
If I choose cashline, is it $20150 will be
Put inside my account?
For cashline is eir 5.06%(it saying include administration and min monthly 2.5% payment) , it mention it already include the 4.5%. Not understand their English... Super confusing.
So every month till 12month, I should pay how much?
Is it 20k multiply 5.06%.. Then divide by 12month is it... So $1751..

 

[Thoreldan]

What is the loan for ?
2k is not a lot.. Try borrow from family/friends/relatives ?

 

[asmartng]

very risky. What if no bonus ?

 

[davidtanwei]

Anyone know the above I posted...
Very confusing with their print words

 

[Thoreldan]

Anyone know the above I posted...
Very confusing with their print words

Wouldn't you get more clarify by calling the banks directly to ask ?

 

[netzach]

Fug it lah. Just run off or disappear. Don’t pay the 2 grand back. Simple.

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