(Topic ID: 116060)

Question about paying for private sale pin with credit card

By Pins4me

9 years ago


Topic Heartbeat

Topic Stats

  • 33 posts
  • 28 Pinsiders participating
  • Latest reply 9 years ago by HEEELEY
  • No one calls this topic a favorite

You

Linked Games

No games have been linked to this topic.

    You're currently viewing posts by Pinsider pins4me.
    Click here to go back to viewing the entire thread.

    #1 9 years ago

    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 Is that too much to withdrawn?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.

    #11 9 years ago

    Thank all for some very sound advice. Your right. I never really stepped back and looked at it as you folks are mentioning.
    My hope was to only carry that last $2000 over until the latest of next years tax return, but between the cash advance fees and interest rates, that $2k would balloon to like $3900 in a year.

    You're currently viewing posts by Pinsider pins4me.
    Click here to go back to viewing the entire thread.

    Reply

    Wanna join the discussion? Please sign in to reply to this topic.

    Hey there! Welcome to Pinside!

    Donate to Pinside

    Great to see you're enjoying Pinside! Did you know Pinside is able to run without any 3rd-party banners or ads, thanks to the support from our visitors? Please consider a donation to Pinside and get anext to your username to show for it! Or better yet, subscribe to Pinside+!


    This page was printed from https://pinside.com/pinball/forum/topic/question-about-paying-for-private-sale-pin-with-credit-card?tu=pins4me and we tried optimising it for printing. Some page elements may have been deliberately hidden.

    Scan the QR code on the left to jump to the URL this document was printed from.