Methods to Convert Your Credit Card to Cash

There may be a need for cash due to some negativities or problems that occur, and in such cases, applying for credit may be impossible for some reason. Therefore, consumers will think of cash advance withdrawal, but the most important problem here is that the interest rates in cash advance withdrawals are high, or the entire credit card limit cannot be withdrawn as a cash advance.

There are some ways that people who want to convert some or all of their credit card limit to cash because of their urgent cash needs, but none of them are recommended. The reason why it is not recommended is that the costs incurred during the execution of the procedures are high.

Converting Credit Card Limits to Cash

Converting Credit Card Limits to Cash

People who want to convert their credit card limit to cash should think of a different amount of time before doing this if possible. Because this transaction will cause both the credit card debt to increase significantly with interest and the funds withdrawn due to the costs incurred during the transaction will not be captured in full. Also, converting the credit card limit to cash is not ethical and if the bank detects this situation, it may label the transaction as a suspect.

Is It Legal to Convert Your Credit Card Limit to Cash?

Whether the process of converting the credit card to cash is in accordance with the law is separated in a very fine line. If any person earns profit during the conversion of the credit card limit to cash, that is, if there is an interest income from the sale of money of a different person other than the bank, the transaction is illegal and usury. On the other hand, cash advance withdrawals, etc. If the credit card limit is converted into cash with transactions, there is no legal problem.

How to Convert Credit Cards to Cash

How to Convert Credit Cards to Cash

There are a number of methods that can be applied to convert credit cards into cash, and it will be useful to address each of these methods separately. Methods such as shopping on virtual pos devices on e-commerce sites, applying to jewelers, simultaneous buying and selling, paying bills or purchasing a smartphone are the most common methods.

Shopping on E-Commerce Sites

Most shopping sites allow to be included in the system of various shops rather than having their own product inventory, thus allowing sales to many more people with much more product variety and lower inventory costs. The best-known examples of this are large e-commerce sites that allow you to create a business profile.

When you open a business account on these e-commerce sites, you do not have to start a business because of the expenses made up to a certain limit and the company pays taxes on your behalf. E-commerce sites, which do all this with a commission of 5%, deposit the income from the payment made to the IBAN number you specified previously.

  1. Once you decide which shopping site to use, open two different accounts or use your existing accounts.
  2. Post a sale advertisement for an imaginary product and follow all procedures until the stage can be collected from the buyers and ensure that the product is successfully listed.
  3. Find out how much commission the shopping site will receive from the transaction and set your credit card limit accordingly.
  4. Purchase the product you put on the sale through the other account you have opened, using the online payment method.
  5. Indicate that you received the product one day after the sale was successful and the payment you made on the shopping site, and confirm that the money was transferred to the relevant account.
  6. After giving your confirmation, you will see that the money has been deposited in the IBAN number that you previously specified in the vendor profile.

If possible, the information of the seller and buyer should be different. Open a seller account on behalf of someone you trust and share the bank account information of the person you trust here. Let the payment you make reach the relevant person and you get your money from this person. Otherwise, it may be possible for the transaction to fail if the examination is carried out.


Jewelers are the most frequently used institutions for converting the credit card limit to cash, and the fact that it is being used by more people day by day made it necessary to make some arrangements regarding credit card installments. Although the opportunity for installments in jewelry shopping was eliminated after the arrangements, the number of consumers who turned their limit into cash through jewelers is still high.

Consumers who want to convert the credit card limit to cash in goldsmiths, all they need to do is go to any jewelry shop and do gold, silver, etc. buying a valuable product. If a credit card payment is made after the purchase, it will have a convertible value, just like cash, so it is possible to sell this product in a different jeweler or the same jeweler. If trading is not desired, money can be withdrawn directly from the commission.

If you are wondering which jeweler to cash from credit card shopping, it may be useful to know that almost every jeweler is doing this. It is enough to indicate that you want to make your shopping with a credit card by visiting the jewelers, you can sell the gold you purchased to a different jeweler or you can return it to the same jeweler by exchange difference.

After the transaction, the jewelers receive approximately 5% commission, it may be good to apply to a different jeweler for the offers above.

Shopping for Different People

If a relative or someone you trust needs to shop, you can request that you use your credit card. In its simplest form, it is a method that you can use to convert your credit card limit to cash without paying any commission, even if you use your credit card and pay the shopping price to you even when shopping for groceries. But the most important thing to note here is that the person you shop on behalf of will pay cash.

Paying Invoice

You can request the cash from your relative or someone you trust by paying their bills with your credit card. The person you pay the invoice can pay the invoice amount to you in cash.

Getting a SmartPhone

After purchasing a mobile phone or tablet with a credit card, you can convert your credit card limit to cash by selling this product to a different person or selling it back to where you bought it.

0-Zero Interest Cash Advance

0-Zero Interest Cash Advance

Thanks to this credit card product, it is possible for consumers to draw up to 900 USD with a zero-interest 9-month installment cash advance. The only condition you need to fulfill for your withdrawal is to have a credit card with a limit of at least 900 USD.

The credit card application made is evaluated and responded within a very short time, and a credit card can be obtained within 2-3 business days. It is not necessary to use the credit card after the cash advance withdrawal, the demanders can close the credit card and continue to pay the cash advance installments. For detailed information and application procedures, it will be sufficient to go to the nearest Good Finance branch.

You can learn about banks that have more flexible rules in obtaining credit cards and you can make your credit card application by taking a look at our article titled Banks Offering Credit Cards for Low Credit Ratings.

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Credit Rating Low To 20 Thousand USD Credit

Thanks to the credit rating, unexpected amounts of credit may be withdrawn, or loans that may be well below the expectations may be accepted.

In this context, it should be noted from the outset that some products for the low credit rating group are also developed. The possibility of credit to low credit ratings from Good Finance Bank is one of these products, and its details are very important for consumers with low credit ratings.

What is a Credit Rating?

What is a Credit Rating?

The note that indicates to what extent the consumers fulfilled their responsibilities arising from financial relations with the banks in the past is called credit note.

Credit Rating Is Determined By What

After increasing questions about what the credit rating was determined for, Findeks, that is, an explanation was made by the institution operating in order to make the credit rating a more understandable report by the consumer.

According to the announcement, the most serious effect on the determination of the credit rating is whether the necessary payments are made based on the loans used in the previous periods and whether the credit card debt is paid on time. In addition, there is the total volume of loans used and the importance of credit debt in the consumer budget in terms of this volume.

When Can I Call a Low Credit Rating

When Can I Call a Low Credit Rating

The fact that the credit rating is low should also have a criterion, when consumers say that the credit rating is low, they have to talk about the same thing with banks and other consumers. For example, for a consumer who has fulfilled his responsibilities perfectly in the past, due to the recent negativities, the credit rating of 1500 has been low, while for other consumers, this rating may be very high. To solve this problem, a categorization was made among the credit ratings and it is as follows:

  • 1-699. Risky Group,
  • 700-1099: Medium Risk Group,
  • 1100-1499: Low risk Group,
  • 1500-1699: Good Group,
  • 1700: 1900: Very Good Group.

As can be seen, it is possible to describe credit scores below 1100 as low credit scores. If your credit score is over 1100 points, you should not think of yourself as a low credit score person, you should apply for credit to any bank along with your income document.

Good Finance Bank Consumer Loan (Up to 20 thousand USD)

Good Finance Bank Consumer Loan (Up to 20 thousand USD)

Within the scope of the consumer loan product allocated by the largest state-owned state bank Good Finance Bank, financing is provided to meet daily needs. Consumers wishing to access this product are expected to have high credit ratings under normal conditions and to have regular income, but consumers with low credit ratings also have the opportunity to use loans under certain limits and conditions.

The features of the loan product are as follows:

  • Up to 36 months maturity,
  • Attractive interest rates,
  • Ability to apply through internet banking or mobile banking application,
  • Discounted Life Insurance,
  • Personalized payment plan.

Who Can Benefit?

This loan product is available to anyone over the age of 18 and under 75 who do not need to be excluded from the banking system. The criteria that divide the people who want to use the loan into two as those who can and cannot use them are the conditions.


Consumers with low credit ratings may be required to show collateral, submit an income certificate or vouch for using credit. These are not imperative, but are likely to help the loan application to result positively. Therefore, if you have a guarantee such as a guarantee, a mortgage or a guarantor you can give while applying for a loan, it is highly recommended to make your application through them.

If you do not have such opportunities, that is, if you cannot show any guarantees, mortgages or guarantors, all you have to do is to apply for a loan, by paying 20% ​​of your monthly income.

For example, it is quite a risk for a person who earns 3 thousand USD monthly to pay 600 USD in installments and increases the probability of the loan being approved. Once you find the amount of installment you need to pay according to your monthly income, it may be useful to enter the website of Good Finance Bank and use the loan calculation tool according to the installment amount.

If these transactions are confusing or you have not been able to access the relevant calculator, simply call the Good Finance Bank call center at 444 00 00 or 0850 220 00 00 . If you tell your monthly income that you want to allocate 20% of this income to loan installment payments, the customer representative will calculate the most appropriate loan for you.


If the consumers who decide to apply for credit are already Good Finance Bank customers, all they have to do is to enter the consumer banking page under the products tab after clicking on the internet banking application and click the apply button immediately. Loan applications made through the internet banking application are evaluated and answered in a short time.

Consumers who want to apply for a loan through the branch must go to the nearest Good Finance Bank branch along with their income document and identity card. The loan application made is answered within a short time and if it has been previously authorized, the account is opened and the credit is allocated without the need to go to the branch again.

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How to get a credit for dental treatment.

In our healthcare system, the benefits of the statutory health insurance companies are increasingly restricted. This becomes particularly clear when visiting the dentist, because if surgery such as dentures or crowns is necessary, it can quickly become expensive for the patient. If the measures are to be carried out in spite of the costs, many sufferers have only the credit for dental treatment.

The credit for dental treatment – variants

The credit for dental treatment - variants

If the additional costs for dental treatment cannot be met with the available financial means, the loan for dental treatment is an alternative. Dentists in particular now often work with credit institutions to offer the patient a complete package. The conditions offered are usually favorable, but you cannot choose the lender, but accept the partner of the dentist being treated. The invoice amount is not paid to the borrower, but directly to the dentist after the treatment is complete.

The banks are aware of the problem of the increasing self-contribution to dental treatment and they have also reacted there. Most credit institutes now offer the loan for dental treatment, which can turn out to be particularly cheap if you choose the earmarked variant. Due to longer terms, low rates and a low interest rate, a freely available loan can also be a good solution.

You should definitely take enough time to compare the different variants. The APR is a comparable value, which makes it possible to find the cheapest solution. Offers that are offered by direct banks, for example on the Internet, should also be included in the comparison.

Credit for dental treatment – you should be aware of that

Credit for dental treatment - you should be aware of that

Before each cost estimate there is an examination, which determines which treatment is necessary. As a rule, the health insurance companies only take over operations that maintain or restore the patient’s health. In dentistry, however, aesthetic aspects also play an important role, which, although not physically necessary, are recommended for the well-being of the patient. The costs will only be covered to a limited extent, but an application should still be made so that the loan amount can be reduced to a minimum.

Furthermore, it is advisable to have a counter-opinion or a second treatment plan made by another dentist. This makes it easier to check which steps are urgently needed and which one could only be taken. Applying for a dental treatment loan directly from the dentist is easy and usually cheap, but you should still compare here and at least ask your bank.

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