What:
I summarised a few methods to obtain cash advance/flow by leveraging your credit a.k.a credit cards with lower interest rate.

Reason:
Traditional way to leverage your credit to obtain advance/flow can have very high interest rate
1. Credit card cash advancement/late payment can range from 9-21% p.a.
2. Personal loan interest rate can range from 4-18%

By using methods below, you can leverage your credit cards to obtain around 50days of cash flow to
1. Reduce flexi loan interest. eg: mortgage
2. Investment for higher return rate.

Bonus:
You can use cashback credit cards to further reduce the cash conversion loss or easy payment plan to extend the repayment period. (Some credit cards do offer 0% charges and 0% p.a. interest rate)




This post has been edited by LastIntel: May 10 2020, 08:26 PM

Umm, don't you have to pay your credit card as well ?!

Erm.. Of course you need, but its cash advance.

cash advance with CC got no fees?

Cash advances have notoriously high fees and interest charges so before you even think of taking out cash from your credit card
https://ringgitplus.com/en/blog/credit-card...ed-to-know.html

I understand that you are trying to get cash out of credit card via eWallet so that the total fees will be lower.
However in the end of the day, you still need to pay back the CC, else you will be paying from 1.25% to 1.5% per month on your outstanding balance.

Definitely, but now you can have around 50 days of free cash flow.

This post has been edited by LastIntel: Mar 15 2020, 11:51 AM

Conservatively, how much can we earn by doing this?

It's up to you on to what extend you can utilise the cash flow.


If you are using cashback credit card, you can earn certain amount of cashback depending on your credit card.

Bcos it is in ewallet... There is a limit to what you can spend and the amount you can spend......

Yes. I listed the limit in the chart as well. You can choose to cash out.

Thks for the lists... Useful for those that has no cash flow problems, can have time to monitor n track the used money and have places to use the e wallets.
Like decades ago, some suggested using the free interest period of cc to hv multiple cards to keep rolling the usages to optimise the free interest period....
Until if not properly monitored... It boils over

Few people got banned on prestopay withdrawing money

Thanks for info.
I am not recommending Presto, the transaction needs too much working days.

Ya. You need to more discipline in repaying the cc every month of course.

thus I think it is only GOOD for this "ONCE" extra month of free cash flow....
for after this extra "ONCE", then it is same again....

example, monthly pay required expense (RM1k),,,,,
if use your method (CC to ewallet RM1k).... use that e wallet cash (RM1k) to pay your monthly expense (RM1k). so you save using your own money (RM1k) for that month,....
then next month onward, you need to pay required expense (RM1k) PLUS the CC expenses incurred into E wallets (RM1k)....
my assumption is correct?

Wow, thanks for the headups!

Thereby, swipe only half the credit limit to your ewallets, cash out and dump into whatever invesment you deem safe,
Once the card statement(s) out, swipe the remainder to pay for it.
Now you have your half capacity card(s) to rinse and repeat.

deem safe and within the limited time frame....

just monitor and track it efficiently....

I did put the transaction limit and fee in the chart.

Interest free credit period is nothing new. How many have discipline and ability to use this facility?

If one could make worthwhile profits from this interests free credit period, ze doesn't need this facility.

This post has been edited by icemanfx: Mar 15 2020, 09:51 PM

Hmm, can you elaborate more?
I am not aware of other methods to withdraw credit to cash in a low interest way.

use e wallet to cash

credit card only emergency and set the ceiling to 5K only. Stranded in TImbuktu, need hotel or tickets flight, etc.

Other than that CC is bad.... Avoid it.

interested to know zapp...
what is the features with zapp?

How many e-wallets have removed the withdrawal or cash out function?

1. PrestoPay
2. Boost
3. RazrPay

E-wallets with strict withdrawal tracking:

1. ShopeePay
2. SarawakPay

Anything missed out?

This post has been edited by GrumpyNooby: May 5 2020, 09:31 AM

Too much work and hassle just to save a bit

+1. Dun waste precious time learning all these “methods” to game the system for puny money. Your effort is best spent on more productive things. Sometimes I am amazed by people’s ingenuity in all these things but at the same time I ask “for what?” What’s the biggest upside? RM100?

Agree, my time is more precious. Must as well use your time to invest in something for greater return

Based on your experience, please suggest a better way for these people to spend their ingenuity effort?

Well, it's just a tool to help you gain cashflow. If you can leverage the cashflow efficiently, I am sure it can generate more than RM100.

This post has been edited by LastIntel: May 10 2020, 08:27 PM

How they track?

Many has experienced wallet account get blacklisted if keep repeating the withdrawal activities

Yup, usually 0 spending and pure withdrawals

Anyone knows what's the safe way to cash advance on ShopeePay? Top up and withdraw big amount immediately will cause account to be banned.

How much cash you need ?

ban mah create new one lor

If the account is tied to Maybank Shopee card.

Hey guys, these days any service provider still allow this kind of practice?

Free 50 days cash flow.

I have the money that I intend to use, but I want to use it to buy assets whilst earning interest on the current savings that I have.

Sorry for necro old thread

Go+

This one is the touch n' go ah?

Thanks bro, really can.

I get banned from using credit cards to reload TnG after withdraw thousands from Go+ one day after reloading

means for example, you reload 2000 into your TnG > then put into GO+ > withdraw from GO+ to your bank account?

This sounds like cash advance without interest (provided you fully pay your CC at the end of the money).

Sounds good, if you need to use the cash urgently, or to use it to fund some investment purchases, etcccc.....

How much did you reload and withdraw after a day?
Withdrawal a day after pun kena banned?

hi, do any one know what is the limit that can cash out from Shoppee pay, touch n go or lazada wallet? Any restrictions?

Halooo everyone, here already senyap for 2 years.

After SSPN limited withdrawal to 1000/times, any new method for Credit Card to Cash

Actually you can still reload your TNG using cc especially those that give you cash back. But you can use tng to spend after that and not withdraw that money. If withdraw will get suspended your card.

I dunno this money in your TNG can transfer to others and then the others can withdraw after that or not.

If can this is a loophole.

This post has been edited by BrookLes: Aug 9 2023, 12:32 AM

dangerous to use your credit card for cash...spend with what you can afford

You can withdraw via duitnow transfer, but i think now they limit RM1000 per month only to topup using your CC.

You just make 🤦‍♀️ bank shareholders unhappy

Anyway banks would smart enough to close the loophole especially credit to cash transfer

Can withdraw is one thing, your cc get ban later is another.
That's why I suggest to transfer to another tng account and then withdraw your money from that account.

Because I got banned once for putting my money into touch and go using cc and taking out immediately.

Malaysian banks are not known for their intelligence

Really? Touchwood - mine is still OK, but I think previously it was at RM5000, but then they reduce it to RM1000. Not sure for me only or is the standard now

You will be suprise now that they are much more intelligent 🤦‍♀️ compare to those days

Yes it is standard now but you can pay the fees to raise it to transferable

Yeah, saw the 1% charge. Now limiting to RM1000 per month and looking into other alternatives

Last time shopeepay can, but now cannot already

For the past several months I had reloaded tng and bigpay using my credit card and pay the additional 1% fee after the first 1k. Withdraw the money immediately to my bank account, no issues.
This is good only if your cc gives you higher cashback than 1%.

This post has been edited by Avenger_2012: Aug 9 2023, 05:28 PM

Nah. Still think 99% are those that sit and eat salary only.

And like another forumer said. If you deposit more then 1k you can still withdraw if more then 1%. But many banks still give charge back of much more then 1% for ewallet deposit.

If I were them, I will not even allow you to deposit cc inside TNG.

You can still get the cash back if you use tng to make your purchases which will charge to your cc.

Instead of just banning ppl card just because you give others loopholes

Or, the money can only transfer to TNG merchants only. And any merchants caught abusing this, will get their account suspended.

Never understand the need to reload your balance using cc when tng will auto charge your cc anyway unless the purpose is to raise as much money as possible to earn in the money markets.

But very very few ppl will reload tng wallet and leave their money there using cc.

This post has been edited by BrookLes: Aug 9 2023, 05:45 PM

must know how to do it safely bro.
i dont really spend so much, but can get so much cash back you see.

dont use credit card banyak rugi

You may want to think again

you are slow if you wait for bank to close lobang.

This post has been edited by guy3288: Aug 9 2023, 11:06 PM


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How much cash back you think you can get 🤦‍♀️ when all this cash back are short term promo with limited amounts as it will dried up sooner than you know

Good luck to you when you just posting out 🤦‍♀️ and very soon your account will get ban 👏

You must be pretty stupid to be honest.
https://www.rhbgroup.com/personal/cards/cre...redit-card.html

Let's look at this card for example
Assuming I really go pay rm25 per year.

Each month I go whack 2500 just to get that 50 rebate.
First 1k no fees charged. So they charged me 1500 for 1%. That is already around 15. So I already got guaranteed 35 each month. And I have not even taken into account those money put into say versa or mmf until the day I pay for the cc bills. Of course not much but still.

Of course for other banks rebates are not so much but sharp ppl will take advantage of this rebate.

You see, now I know why you think bankers are "smart" because you are at the same level as them. In other words you are not that smart.

Why should cc or tng give out free money like that? Why not tng just dun allow ppl to reload the card then everything resolved. No need to think ppl take advantage of them or not. And also there is no need to reload the card with cc anyway since they can auto charge your cc anyway.

Who say they are short term promo? This card has been around since last year already. Iq low. And mental issues also.

Actually want to stay silent one but because of your stupidity decide to whack you in this thread also.

This post has been edited by BrookLes: Aug 10 2023, 06:13 PM

On average i get cash back of RM66 from the RHB shell card alone every month😂

May I know what is that Spend and Win Campaign detail?

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Impressive. What's your total cashback you are able to get , using all your CCs , in a month?

Where to get more info about the cashback you get from shopee pay?

cukup makan lah
if rajin play campaign eg RHB daily deal can earn RM40 every nite 12.00.00 sharp, topup EW RM200
card feature CB is easier
always there if spend amount fulfilled eg RHB feature CB 3 cards RM130 monthly
PBB CB RM30 x3, RM38 x2,
campaign PBB tak tentu ,RM40-RM120 x 3, spend 2k to 8k each, FCFS
Alliance Unigue spend 3k RM42, VS spend 5k CB RM60+
MBVS spend 5k x2 CB 50 x2
Amex weekends RM50 x 2
UOB x 3 sets
SCB x 3 sets
Affin CB RM50 x 3, spend RM3k x 3
Am true Visa RM30 x 8 cards, spent RM8k a month! but not real spending takpa.
Aeon RM15 x 3, RM750 x 3
ecimb cards x 2, RM1670 x 2, but now 50k points only RM100

and best part is 0% BTs from Aeon x 3 cards, since time immemorial
Pbi standard feature,
RHB, Affin, MBB recently
UOB on and off but big amount BT RM80k each time
i play credit cards more than i work
amount earned doesnt justify my pay per hour.
my wife sometimes complained why i go for chicken feed money......
may be habitual oredi
but sikit sikit lama lama jadi bukit
Total BTs i have accumulated dont know how many millions oredi. All 0 fee.

the jun cash back may i know you get cash back fully for spend 1/6-30/6?
cause i spend after 10/6 but never get any cash back, ask customer service just give standand answer, first come first serve, fully redeem.

spent nearly full,
if all spent early then may be can get full CB RM1800.

Thanks for the detailed info!

How do you get so many of the same card like the Am true Visa?

Open account for family members
Get supp cards
Ambank best supp all got own CB
independent of principal quota

Del double

This post has been edited by guy3288: Oct 9 2023, 04:46 PM

may i know the last date that u spend and still get the cash back? cause i just want to confirm whether the customer service answer is correct (fully redeem) or is their system problem as many complaint never received cash back after migration for citi to UOB. Thanks in advance

i think first few days only
if not i should get more than that


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UOb worse so little cashback.


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Recently i took cash advance from my hlb credit card. It has option to pay installment stretch to 3 years with 3.98% per annum. Better than personal loan.

Not that great 🤦‍♀️ when it is only one time fee 3% promo

https://www.hlb.com.my/en/personal-banking/...promotions.html

Previously dont have this promo. Its ok..i just cash out a small amount