A cash advance fee is a transaction fee, and not dependent upon having a balance. Paying an account to a credit balance wouldn't avoid a subsequent cash advance fee.
So, again, the question remains how someone might make a marker payment with a credit card and avoid a cash advance fee.
I've heard from someone privately who is aware that some casinos will treat a modest repayment via credit card as a purchase transaction, as a courtesy. However, this doesn't apply to a repayment of say $2500 or $5000.
---In vpFREE@yahoogroups.com, <ehpee@...> wrote :
So, again, the question remains how someone might make a marker payment with a credit card and avoid a cash advance fee.
I've heard from someone privately who is aware that some casinos will treat a modest repayment via credit card as a purchase transaction, as a courtesy. However, this doesn't apply to a repayment of say $2500 or $5000.
---In vpFREE@yahoogroups.com, <ehpee@...> wrote :
Most if not all credit card companies charge for a cash advance.
Paying off a marker in most cases would be considered a cash advance. One way around this, I believe would be to put a positive balance on your credit card before making the cash advance. i.e.
If you have a zero balance on your credit card and made a payment of 5k, and then made a cash advance of 4k, if with any other charges you made stayed under 5k total, you should not get charged for the cash advance.
If you could do this and still collect reward points if you have that type of card, it would be a good move.
Of course you must also find out if your credit card issuer pays reward points on cash advances, I'm not aware of any of them that do.
One call to your credit card issuer would answer all of these questions with more authority than anyone here could give.
Regards
A.P.
From: "Hing Tan mikeam7788@... [vpFREE]" <vpFREE@yahoogroups.com>
To: "vpFREE@yahoogroups.com" <vpFREE@yahoogroups.com>
Sent: Thursday, August 7, 2014 10:59:36 AM
Subject: Re: [vpFREE] Re: Bob Dancer's LVA - 5 AUG 2014
To: "vpFREE@yahoogroups.com" <vpFREE@yahoogroups.com>
Sent: Thursday, August 7, 2014 10:59:36 AM
Subject: Re: [vpFREE] Re: Bob Dancer's LVA - 5 AUG 2014
Interesting
One question, is there a charge for using the credit card to pay off the marker?
Some credit card has 2 % charge credit card for cash advance.
Sent from my iPad
One question, is there a charge for using the credit card to pay off the marker?
Some credit card has 2 % charge credit card for cash advance.
Sent from my iPad
> On Aug 6, 2014, at 5:23 PM, "bob appic bobappic@... [vpFREE]" <vpFREE@yahoogroups.com> wrote:
>
> I've used casino markers routinely at several casinos with no problem. ATMs face stiff charges (as someone noted) and often have limits on how much you can withdraw - limits too low for most $ VP players. I carry a small amount in cash, then take a marker for what I expect to need at a given casino - then I pay off the marker before I leave, using a credit card (and thus getting points or miles rather than giving bit ATM charges). If more cash is needed at the next casino on the trip, I repeat the process there. If I wind up with too much cash going home, I ask the casino for a check, and deposit it in the bank account I use for only for my bankroll - the same acct I use to pay off the credit card charges when they arrive. It works for me.
>
> Bob in San Antonio
>
> ------------------------------------
>
> ------------------------------------
>
> vpFREE Links: http://www.west-point.org/users/usma1955/20228/V/Links.htm
>
>
> ------------------------------------
>
> Yahoo Groups Links
>
>
>
__._,_.___
Posted by: harry.porter@verizon.net
| Reply via web post | • | Reply to sender | • | Reply to group | • | Start a New Topic | • | Messages in this topic (29) |
.
__,_._,___
