This is a little off topic, but the purchase is of a pinball machine.
I just got a credit card. Not enough to buy a LE etc pin, but a nice HUO modern pin.
No matter if I pay for my machine by charge or cash, my interest rate is the same, so I was going to pull some cash out of the card at a bank.
So, my questions are these:
I want to buy a $4k machine from a private sale as mention in another thread. Once I get my tax return back, I was going to dump $2k right towards paying the card leaving 2k outstanding. I believe the monthly payment of $4k is like $140 a month which is fine for a month or so until the return comes in, but my question is, once I pay $2k off, will my payments still stay about $140 a month? Will it go lower due to the lower balance?
The second part of my question is, do banks give you like $4k cash? Is that too much to withdrawn? My available cash amount on the card is right about this number. I would normally get a cashiers check or money order, but like most of us, cash is king and that's what the seller wants.