hey guys simon bryson here and today i'm
going to teach you exactly how do you
turn a credit card
into cash without paying any money
whatsoever
and today i'm going to give you three
ways to get this cash out of this credit
card
and turn it into hardcore cash to spend
it on whatever you actually want to
spend it now
by the way i do have to give you guys a
disclaimer i'm gonna give you three ways
okay but these techniques
are 100 legal okay 100
legal but there are scammers out there
that
uses techniques to go out there and rob
people in a sense and take money out
and do whatever they want to do with
these techniques okay
however if you are doing this video for
the wrong reasons in reality
i want to say one thing it's not worth
it and i can land you in jail up to 25
years so again if all you want is
a quick cash from your credit card no
big deal keep watching it's not going to
get you in jail but if you want to scam
people
that's 25 years in prison that i
definitely don't want to do
if i were you now if you guys don't know
me i post videos every single day
also subscribe hit the bell straight
notified on top i also destroy
the like button and by the way one more
warning here okay
usually i did this and i was like around
20 and i did this to cash out the credit
card and then get the cash and then
invest it into
buying phones and flipping here and
there and invest in money which got me
in reality a lot of money but in reality
it is very risky because basically
if i lost all this money boom gone
i still owe all the money to the credit
card okay so it can basically
land you in a lot of debt if you don't
know why
you're actually going to take that money
out in cash so 100
be careful when you're actually doing
this and the reason you're actually
doing this for
now the first way to actually do this is
very simple and also
very common and the idea is guys that
whenever you're actually going to make a
bank account a sims accounts or chinese
accounts with a new bank
sometimes they tell you hey we need you
to go ahead and fund the account with 25
or 500 or a thousand or whatever you
actually want to put in
and usually think hey i need a debit
card or i need for example cash to fund
the account in reality
some banks allow you to use your credit
card to go ahead and fund the account
that way
you bypass all the fees to a cash
advance now
what exactly does this mean step by step
it means for example
if i go to chase and i say hey i want to
open up an account and it's a checking
account okay great
what do you want to use as a funding
service i say hey i want to use my
credit card and i want to use
500 to go ahead and fund the account
that way
that money is taken out in cash now i
have it access to it
without having to go out there and take
a cash advance however guys okay
banks are constantly updating policy
to make sure you're not outsmarting them
so not every single bank is going to
allow this
and not every single credit card is not
going to charge you it as a cash advance
by the way a cash advance is whenever
you take money at a credit card
in cash and they charge you extra money
in fees
and also extra interest okay that's why
that's what you want to avoid
whenever taking money out of a credit
card now
i do have for you guys a source here now
by the way guys all the sources to this
video are linked down below that way you
know exactly what to do and where to go
if you want to double check anything i'm
actually telling you guys in this video
now now this right here guys is a famous
credit card website for credit card
turners and also people that want cash
advances all together
it's called doctor of credit i highly
recommend it
but in reality here are all the bank
accounts that allow you
to go ahead and fund a bank account
basically with a credit card let me just
zoom in here
and the idea is that basically there are
a lot of banks out there like chase
citibank discover pnc
and even bank of america wells fargo but
i do want to be honest here okay because
when you scroll
all the way down they tell you which
banks no longer allow it
which banks do allow it and up to what
for example
chase allows up to 500 but the credit
card
might charge it as a cash advance
anyways
some banks are allowing it completely
but you want to go through this website
and check out exactly
which bank is best for the entire idea
and by the way
there are a lot of credit cards that are
not accepting this anymore so make sure
you do the research before you apply for
a credit card or try to get a new bank
account okay so
overall step by step all you're doing is
going to a bank saying hey
i want to open up a bank account i want
to use my credit card to fund it
and then grab the money from there and
now you have the money in cash and you
pay the credit card off whenever you
actually want to
but it's not considered a cash advance
that is basically
number one and the first way to get cash
out of a credit card now the second way
guys is a lot more straightforward
and it's the most legit way to basically
do this without going through any
loopholes and it's basically
getting a cash advance from your credit
card now as you guys probably know
because i told you so already
your credit card gives you a credit line
but they also give you a cash advance
line
basically meaning hey you can use this
amount of money with credit
okay you swipe swipe everywhere you
actually want to no problem
but it's actually a separate line for
the amount of cash you can go ahead and
take out your credit card
without having any problems or jumping
any loopholes
the only con to this technique is
basically there are going to charge you
some fees
to actually do this and apply this
technique the idea is okay
very simple if you want all this
information what you want to do
is go print out a statement of your
entire credit card
and it will show you everything you
absolutely need and by the way you don't
need a printer just go ahead and access
the pdf on your computer or your
smartphone whatever you have
that way you see all the information
okay now right here guys i want to show
you
my exact credit card statement okay this
is mine
okay a hundred percent mine the idea is
okay guys as i told you before
let me just zoom in here okay this is my
credit card you guys can actually see
here
but the idea is that the credit card
company
obviously gives me for example a credit
line
of seven thousand dollars but also gives
me a cash advance line
of twenty eight hundred dollars which is
around forty percent of my credit line
and by the way
td bank gives you up to thirty percent
and some banks out they give you more
money
or less money depending on what their
rules and policies actually are
but discover gives me around 40
of my line of credits to go out there
and take it out as a cash advance now
tell me
what are different ways i can take this
money out however i actually want to
take it out
well before i tell you that i want to
show you guys one more factor here okay
because basically
again banks are not stupid and they
charge you a ton
of fees now the first thing is this okay
whenever you go to take this money out
they're gonna charge you five percent
for the transaction size
or ten dollars whichever one is greater
for example
if i'm gonna take out a thousand dollars
that means i'm gonna pay them
50 bucks to take the money out okay
that's the idea but on top of that
as you guys can see right here let me
zoom in even further here
my entire interest rate right with my
entire credit card
is around 15.99 okay that's what it is
but in reality my cash advance interest
rate is around 24.99
which means whenever i take a cash
advance out the money
i took out is going to be charged at a
higher rate because basically
that's how credit card companies want to
do it to get a lot of money out of you
so make sure when you do this
you understand all the fees five percent
also being charged higher interest rates
and by the way
not everything is going to be the same
for you so again
check a statement or for example just
call your credit card company so that's
exactly what all the policies are
and how exactly they work and what the
methods actually are
however there is one more thing i want
to tell you guys okay
they do this very differently they give
you four ways to take that money out in
a cash advance for example
you get a check write yourself a check
and take the money out
boom you're good to go or for example
they direct deposit that money
into your bank account and boom that's
also a cash advance or for example you
go to an atm and take the money out if
you want to
or you go directly to a teller and take
the money out just remember
if five percent fee or ten dollar fee
or for example also you're gonna be
charged a higher
interest rate so keep that in mind and
that's why everyone
that wants to take cash out of a credit
card they want to avoid
a normal standard boring cash advance
because basically
credit card companies charge a bunch of
money and that's what you basically want
to avoid
now the third way to go out there and
take money out of a credit card
it's called manufacturer spending and
this
is kind of complicated but also very
simple
and this is what scammers use all the
time
to take money that they got illegally
put it into
into gift cards and grab the money in
cash and then basically get out
scot-free
however again that can land you in jail
up to 25 years so i
highly highly don't recommend you
actually do this whatsoever
now here's how this works step by step
okay now manufacturer spending is
whenever you spend money
for the sake of points or to get cash
back but you're not really doing it the
standard way as a credit card base
recommends it just basically buying
things to buy them because you actually
need them
in this case the idea is to do
manufacture spending
you're basically going to take money out
of your credit card without it being
considered
a cash in advance and that's why it's
called manufacturer spending
especially not real spending in a sense
okay now here is a step-by-step guide
on how you basically do this okay the
first step
is this obviously you're going to need a
credit card
and then you need to get an american
serve
prepaid debit card and again all you
have to do is just go online
to american express serve by the way
link down below
and get one of these prepaid debit cards
and again
they have for example the blue one they
have for example a gray one and also a
green
one i have the green one i don't get
charged any money
but now i'm looking at basically they do
start charging money now around six
dollars and seven dollars but i never
got charged any money
whatsoever oh that's okay so that's why
because basically
if you live in texas new york or vt
don't know what state that is
they don't charge you any fees any month
okay but
a seven dollar fee to take out for
example a thousand
or thousand dollars in a credit card is
basically worth it once you're done
just cancel it and be done with it okay
now so far you have
the discover card or whatever credit
card you have and you also have a
prepaid
debit card tommy what exactly do i do
here
well the concept is very simple what
you're gonna do is
you're gonna use your credit card okay
to go ahead and buy a gift card for
example like this one by the way
it cannot be an american express one it
has to be a visa debit card or for
example
a mastercard gift card okay again a visa
gift card
or for example a mastercard gift card it
does not really work
with american express cards tommy
somebody's gonna steal your code the
answer is
this is a very old gift card it's not
gonna work and that's why
i'm showing it but the idea is very
simple okay step by step
you go into a ride aid or for example
anywhere that actually sell these gift
cards and you go ahead and use your
credit card
to buy this is going to be considered a
normal purchase
and not a cash advance but just make
sure to verify
with your credit card company by the way
when you call them say for example hey
i actually want to buy some presents for
my nephew
and i'm going to buy him a gift card is
that considered cash advance yes or no
the answer is no great no problem the
answer is yes
go ask your other credit card and see
exactly what they say
this obviously is not a phone okay so
don't try this at home okay
but the answer is that once you buy the
gift card
with your credit card this you can
actually go ahead and reload it
with this gift card right here meaning
you're gonna put the cash from here this
gift card
into the serve card and transfer this
money into your bank account and
basically
that's all you have to do tommy how do i
do that the answer is you can go to
walmart dollar general family dollar
a lot of stores out there or write and
say for example hey
i want to reload my serve card with a
debit card
they're gonna say yes no problem okay
then when you give them this card say
hey all right i'm gonna reload it with
my debit card
you put your debit card your gift card
okay into
the entire like um scanner and you load
on the money to this card and once the
money is here you can go ahead and
transfer it over to your bank account
and that's basically how manufacture
spending works and that's basically how
you avoid
the entire cash advance fee
but again i do want to warn you when you
go to a walmart or a family dollar a
dollar general
people will look at you weirdly because
basically they know a lot of scammers do
this for a living
if they ask you questions just say for
example hey it was my birthday
or i get gift cards from my grandma she
says me all the time but i don't really
want to spend them on anything stupid so
i basically just want to get the cash
to pay my bills you don't have to tell
people all your business but if you
don't tell them something
they might say hey we don't do that at
the store anymore okay or just like just
like shove you off okay so just make
sure
when you do this you do not sound or
look suspicious okay
be very careful when i did this i had to
go to around three to five different
stores
just to make sure they actually allowed
me to do it because basically
they would think i was actually a
scammer which in reality if you don't
know
i'm not a scammer because i'm basically
afraid of going to jail
now guys overall those are three ways to
go out there and take money
out of a credit card and turn your
credit card basically
into cash that is what you want to do
but again remember
this is risky if you lose money you can
basically
be stuck with all that debt so i also
recommend guys before i go here
i recommend you get this card if you get
into trouble
it's called a city simplicity card and
it allows you
to transfer the balance from whatever
credit card you have
over to this card and have 20 well not
20 more
18 months to pay it off interest-free
without having to worry about
accumulating way too much interest
now if by the time you watch this video
it is no longer available
just go for example on google and type
in the best balance dress of course and
here
are a bunch of them also that offer 15
months
12 months 18 months and it used to be 21
months but they're only doing that so
again
if you get into trouble transfer balance
over to one of them cards right there
and that way you get a break 18 months
to figure it out exactly what you're
going to do
but guys that's it for this video
comment down below let me know what was
helpful and if it was
make sure to also destroy the like
button let's try to get to a thousand
likes today
and on top of that also subscribe to
channel hit the box you're notified
and if you want to text me or talk to me
start my patreon
link down below or send me a dm on
instagram at tommybryson and if you guys
want to watch the full video on how many
practice spending actually works here's
that video right here and click my phone
i'll switch tomorrow thanks for watching
and as always peace good luck