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Benefits of cash against credit card in Chennai
It’s expensive if one wishes to live in a metro city. You come across certain situations where you have to pay urgently but you are not in a position to do so. Such situations, cash against credit card in Chennai services helps people who are indeed of urgent cash as a backup plan. Our organization provides instant funds for your emergency situations and you are able to pay things that are of priority. Below are the reasons why one should go for services that provide cash against credit card in Chennai - 24/7 availability including government and festival holidays - No heft charges - Invoice will be recorded as a sale and not as a cash withdrawal - Quick money on hand - Payments such as house rent or space rents are paid on time. - Emergency loans are available for medical expenses. - Daily conveniences such as grocery bills, hotel bills, traveling charges are made. - No need to borrow money from known people. - All types of credit cards are accepted. - Instant and secure online money transfer - Minimal service charges - Major foreign currencies are accepted -cash against credit card in Chennai Procedure to get a loan against credit card in Chennai
Everyone knows that withdrawing money from the ATM using a credit card comes a hefty charge in your next month's bill. But what would you do if you are in need of money in a dire situation? There are some establishments that deal with a loan against credit cards in Chennai. They help customers in giving money without any interest charges. All one has to do is follow the steps below: 1) Contact a third party dealer (That’s us!) 2) A deal is made between the 2 people - Merchant and the credit card holder who is willing to pay the commission charge. 3) Credit cardholder has to give address proof and credit card(s) to the merchant. Any type of credit card would do – Master card, VISA, American Express Diner’s Club etc are accepted. 4) Merchant then swipes the card for the said borrowed amount and the cash is given without interest charges. 5) An invoice is generated to make it look like a sale was done for the said amount. Though the businesses are booming in the North, loans against credit cards in Chennai branches are slowly growing. Credit cards such as MasterCard and Visa have low interest and therefore are preferred by the merchants and customers. Apart from low commission charges, they are available 24/7 to the customers. What does spot cash against credit card mean?
When you swipe your credit card at the nearest ATM and withdraw some amount. You get your money immediately. It seems the perfect way to get the money on quick notice rather than waiting for your salary to be credited to your accounts. But here’s the catch. Everytime you withdraw money from the ATM, using the credit card, a hefty charge is added to the bill. So let’s say you take 10,000 from the ATM, a cash advance charges will be levied which amounts to paying more than 10,000 rupees. Each bank has different percentage for interest rates and cash advance charges. Not many people know about this fine print and end up paying more than the original amount. So where do you get spot cash against credit card in Chennai without charges involved? Third party money lenders. Here is the following extract based on an article in 2008 by the EconomicTimes – Wealth section “The deal is between two parties: the credit card holder who uses his card to access money and the merchant establishment that issues money charges a commission. So long as the credit card holder is willing to pay the commission and the customer does not default, the bank or the regulator may not even be in a position to know about such deals,” a banking industry source said Though the amount of money transacted daily through the system is not known, it is estimated to be in a few hundred crores, considering the span of the system in other cities such as Lucknow, Kanpur, Chennai, Kolkata and many parts of Gujarat. It may replace the system of money lenders like pawn brokers. “ spot cash against credit card in Chennai Basically, the customer gives their address proof and the credit card to the money lender who would then swipe the card for the borrowed amount.The cash is given without the interest charges added. Sometimes, the customer pays a certain percentage ( which is lesser than the bank charges) upfront to the lender. The money lender would raise an invoice to make it look as if there was a sale for the said amount. This kind of spot cash against credit card in Chennai swipe for cash is illegal in India whereas countries like UK and USA, it is legal. |
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