Credit card holders 'should use money transfer to generate short-term cash'

By Mozo ·

Credit card consumers are being reminded that there are a number of methods at their disposal which can help them to quickly generate short-term cash.

An article on MoneyAU.com points out that although a cash advance from an ATM can provide money instantly, the high rates of interest attached to such a move tends to make doing so an expensive option.

As such, the publication suggests that Aussies opt for a money transfer, which sees cash move from a credit card to a bank or loan account without the use of a cash machine.

In doing so, people are likely to find that they still qualify for zero per cent balance transfer deals, something that could be of interest to those looking to compare credit cards.

A previous article on MoneyAU.com revealed that building a positive relationship with a bank could be an effective way for people, especially younger Australians, to improve their chances of successfully obtaining credit.

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