is it better to take the cash advance?
Shaun diZle asked:
or to pawn off my laptop, get the cash from that, and then repay the pawn shop using my credit card?
from my understanding the interest maay be less from the pawn shop than the credit card company.
also would a pawn shop accept a credit card payment?
its almost never a good idea to take a cash advance. There is a huge fee usually. I never used a pawn shop but I would think the interest on a pawn is somewhere in the range of 10% and I have seen cash advance interest as high as 29.9% I dont think you would be able to pay your pawn with a credit card either but again, I guess it depends on the shop. They may charge you extra to pay with a credit card. I would definitely not recommend paying a pawn off with a credit card. Paying credit with credit just helps debt spiral out of control. Say you borrowed $100 and your credit card has a rate of 10% and the pawn shop is charging you 10% plus a fee, you pay off your $100 loan to the pawn show and it charges $110 to your credit card, now your CC company tacks another 10% on, you now owe the credit card company $121. Thats 21% interest. (Still cheaper than a cash advance I believe though) Good Luck
Cash advance can be good sometimes. It is good in a situation where you will get a big check later and need some money now.
Most pan shops dont accept credit card, or the ones that i have gone to. They are very strict and dont give you much for your items. Then again they are a business that needs money as well.