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

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

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

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.

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

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.

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

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

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