Obtain Payday loans Using Credit Cards
Credit cards are, along with quick credits, the methods to get money easily and quickly. There are three methods to obtain financing through credit cards that are to make purchases through cards, obtain money on credit at an ATM and make a credit transfer of the card to your associated bank account.
In order to perform these last two operations, the credit cards have to support the operation.
Where to apply for credit cards?
Credit cards can be obtained from the main banking entities in the country, each card having a series of characteristics that make it more beneficial to use one or the other. We show you some credit cards you can apply and the credit also get additional benefits are shopping discounts, gifts or not having to pay fees for it.
How to obtain payday loans through credit cards?
As we mentioned at the beginning of the page, there are 3 ways to obtain financing through credit cards :
- 1. Making purchases with the cards and paying them in comfortable installments, being the most common way to obtain financing through credit cards.
- 2. Obtaining cash money on credit at ATMs. In this way you will get an instant cash loan in a simple way and you can pay it in comfortable installments.
- 3. Making a credit transfer of the card to the bank account associated with it. You will get an instant loan comfortably and you can pay it in monthly installments.
To carry out the last two operations, the credit card must support them, so if you need to make them before requesting a credit card, check their characteristics.
Characteristics to take into account when requesting credit cards
In addition to obtaining financing by making purchases, in cash or by transfer, credit cards have other characteristics that must be taken into account when requesting them. The main characteristics to take into account are the following:
- – Price or fee of the credit card.
- – Credit limit of the card.
- – Interest rates when using the credit card.
- – To be able to enjoy discounts on your purchases.
- – Be able to transfer money from the credit card to the associated bank account.
- – To be able to obtain cash money on credit at ATMs.
- – Insurance coverage of the credit card.
- – To be able to obtain the credit card without changing bank (can be linked to the entity that we want) or credit card linked to the entity where it is requested (in this case it is necessary to become a client of the bank)
Advantages of financing through credit cards
The main advantage of financing through credit cards is their speed, being able to enjoy the money instantly and pay it in convenient monthly installments. The facility is also another advantage, since it is not necessary to sign any paper or perform any management, you only use your card, the bank lends you the money and also is responsible for charging it month after month.
Other advantages that you can obtain are discounts on your purchases, being able to obtain a% of the purchase made. In addition, some cards offer you gifts when using them and most have an insurance associated with it, so we recommend that you read the coverages of it since it can be useful in many types of situations that we do not think a card insurance go cover them.
Disadvantages of financing through credit cards
The main disadvantage of financing through credit cards are usually the interest rates, higher than those charged when applying for payday loans. Although it must be said that they are two different financial products to be used in different situations, so it is not possible to compare them.
Another disadvantage of credit cards are the credit limits they have, being in some cases lower than what we need or by default are low and we must tell the bank to increase them, and may generate situations in which we can not pay on credit for not having uploaded previously, so it is something to take into account when requesting them.
Credit card reviews
Give us your opinion about credit cards, which are the ones that have obtained the most advantages, which work better and which ones worse. At prestamospersonalesnet.com we try to offer you information about the best ways to obtain financing. If credit cards are not the way you were looking for we offer you many more ways to get payday loans.