Tag Archives: Capital One

*Some* Chase Credit Cards Charging Cash Advance Fees for Online Serve Reloads

Update: 7AM PST – Chase Sapphire Preferred and Chase Freedom reloads are showing up as cash advances online.
AMEX Serve Logo

*Some* Chase Credit Cards Charging Cash Advance Fees for Online Serve Reloads

There have been reports on FlyerTalk (link) and some Tweets that Serve is now charging cash advance fees for *some* online Serve reloads.  Most of the cash advance reports state that Chase is charging cash advance fees for online reloads.

RRGG on the FlyerTalk thread (link) has some good info:

It seems like you should include a little more information if you’re going to start a new thread. You didn’t mention the type of card for example. NOT EVERYONE is getting a cash advance from Chase, as mentioned in the Serve thread.

There are reports of no cash advance today on:
UA Explorer Visa
UA Explorer MC
Sapphire Preferred
Southwest Visa
Also Barclay, Citi cards (Prestige), Fidelity AMEX

There are reports of a cash advance today on:
UA Club
UA Explorer
Ink Bold Visa
Sapphire Preferred
Also a Capital One card

As you can see it’s not even consistent.

Finally, in the past sometimes Chase has posted these as cash advance at first. After a few days they get changed to a regular charge. If anyone actually got a cash advance fee, you might want to share that.

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Helping a Friend get out of Credit Card Debt (Part 2)

Off Topic: I updated the Bluebird Bill Pay post and the Bluebird Add Funds post to reflect Bluebird’s new website layout.

CCs

Helping a Friend get out of Credit Card Debt (Part 2)

Warning: I am not a financial planner/adviser/consultant, so please proceed at your own risk.

Please read part 1 before reading this post.  The first thing you need to do is assess the current situation without judging or asking “what did you buy at XYZ for $430??”  There are a few key pieces of financial information that you will need to find out.  Such as:

  • Current balance plus all pending charges
  • Current interest rate
  • Total credit limit

After determining those figures for all of your friend’s credit cards, you can see the big picture.

Card Name Date Opened Balance Credit Line Interest Rate
Store-branded credit card Jan 2011 $2,800.00 $3,000.00 20%
Capital One credit card May 2012 $650.00 $1,500.00 18%
Chase Freedom credit card Nov 2013 $2,800.00 $3,000.00 0%
Bank Americard credit card Nov 2013 $2,200.00 $5,000.00 0%

The last 2 cards have 0% interest through December 2014, so he/she has more than 10 months of no interest on those balances.   Continue reading →