if i use a credit card to send money to family will that be considered a cash advance?
David asked:
i need to send money to family but by using my credit card if i did it through PayPal would it be considered a cash advance?
4 Responses to “if i use a credit card to send money to family will that be considered a cash advance?”
yes, that will be considered as cash advance. Anytime you take out cash that will be considered as cash advance. Does not matter if you use it for yourself or give to someone else.
NO!
Have your family member send you a "Request Money" email through their PayPal account.
PayPal will charge a 3% fee. Your credit card will see it as a purchase, not a cash advance.
Yes, that is a cash advance and you will be charged interest daily.
No, if you send money through Paypal, it is considered a purchase.