June 17, 2024
This comprehensive guide explores the various ways to get money off your credit card balances. Learn about balance transfer, cash advance, negotiation with credit card issuers, rewards programs, selling unused items, and picking up extra work.

How to Get Money Off Your Credit Card: A Comprehensive Guide

Credit card balances can be frustrating, stressful, and overwhelming. Interest rates and fees can make those balances grow quickly, and it can seem like there is no end in sight. Fortunately, there are several ways to get money off your credit card and start working towards a debt-free future. In this article, we will explore seven methods for getting money off your credit card balance, including balance transfer, cash advance, negotiation with the credit card issuer, rewards programs, selling unused items, and picking up extra work.

Balance Transfer

One of the most common ways to get money off your credit card is through a balance transfer. A balance transfer involves moving your current credit card balance to a new credit card with a lower interest rate or promotional period with 0% APR.

The benefits of a balance transfer include a lower interest rate, lower fees, and the ability to consolidate multiple credit card balances into one payment.

To do a balance transfer, you will need to choose a credit card with a low-interest rate or promotional period and apply for it. Once approved, you will need to contact the new credit card company and request a balance transfer. They will typically ask for the account number of the credit card with the balance, and the amount to be transferred. The process may take several days to complete, so it’s important to continue making payments on your original account until the transfer is complete.

While balance transfer can be a great option, it’s important to consider the pros and cons before making a decision. Pros include lower interest rates, lower fees, and possible consolidation of accounts. Cons include potential balance transfer fees, the possibility of losing promotional rates if payments are not made on time, and temporary damage to your credit score during the application process and transfer.

Cash Advance

Another option for getting money off your credit card is through a cash advance. A cash advance involves withdrawing cash directly from an ATM or bank using your credit card.

The benefits of a cash advance include quick access to cash, convenience for emergencies, and no need for a traditional loan application.

However, cash advances also come with a higher interest rate, additional fees, and the risk of falling deeper into debt. It’s important to only use cash advances in emergencies and have a plan for paying them off quickly to avoid additional fees and interest.

To do a cash advance, you will need to know your credit card PIN, then visit an ATM or bank and request a cash advance. Fees for cash advances typically range from 2-5% of the amount withdrawn, in addition to a higher interest rate than the credit card’s standard interest charges.

Alternatives to cash advance include borrowing money from friends or family, using a personal loan, or seeking out a lower interest credit card for balance transfer.

Negotiate with Credit Card Issuer

Another option for getting money off your credit card is to negotiate directly with your credit card issuer. Many credit card companies are willing to work with customers to create payment plans, reduce interest rates, or waive fees in certain circumstances.

Before contacting your credit card issuer, it’s important to have a clear understanding of your financial situation and the options available. Consider creating a budget to help communicate your ability to make payments, researching other credit card offers to compare interest rates and debt consolidation options, and identifying any errors or mistakes on your account that could be corrected.

When speaking with your credit card issuer, be honest and transparent about your financial situation and ask if there are any options available for reducing your debt or interest rate. Be prepared to negotiate and advocate for yourself, but remain respectful and professional to increase the likelihood of a positive outcome.

Possible outcomes of negotiation may include reduced interest rates, waiver of fees, reductions in the total amount owed, and customized payment plans.

Use a Rewards Program

Using a rewards program can be another way to get money off your credit card balance. Many credit cards offer rewards programs that allow you to earn points, cash back, or gift cards based on your spending.

To use a rewards program, you will typically need to sign up and be approved for that credit card or rewards program. Once you’ve accumulated enough rewards points or cashback, you can redeem them for statement credits, gift cards, electronic deposits, or other rewards.

When choosing a rewards program, it’s important to consider the earning potential, redemption options, and any fees or restrictions associated with the program. Pros of using rewards programs include earning cash back or other rewards for everyday purchases, and the potential to offset some or all of your credit card balance. Cons include potential restrictions on when and how rewards can be redeemed, caps on earning potential, and possible annual fees or other charges.

Sell Unused Items

Cutting expenses is an important part of any debt reduction strategy, and selling unused items can be a great way to make some extra money.

To identify unused items at home, consider going through each room and closet to create a list of items that are no longer needed or used. Items that can be sold might include old electronics, clothing, household items, and furniture.

Where to sell unused items includes online classifieds like Facebook Marketplace or Craigslist, online auction sites like eBay or Poshmark, or local consignment shops or pawn shops. When selling items, it’s important to take clear photos, provide a detailed description, and price items fairly.

To maximize profits from selling unused items, consider bundling items together for a better value, taking advantage of seasonal trends or events, and negotiating when appropriate.

Pick up Extra Work

Increasing income can be another way to get money off your credit card balance. Consider picking up extra work, whether it’s through a side gig, part-time job, or freelance work.

Ideas for picking up extra work include pet-sitting, delivery or courier services, freelance writing or design, and tutoring or coaching. It’s important to choose work that fits your skills and schedule, and to be realistic about how much time and energy you can commit.

When balancing work and personal life, prioritization is key. Consider setting clear boundaries and creating a schedule that includes time for work, rest, and personal life.

To stay motivated, consider setting specific goals, building a support system, and celebrating small milestones.


There are several ways to get money off your credit card, from balance transfers to picking up extra work. Each method has its pros and cons, and it’s important to consider your individual financial situation before making a decision. The most important thing is to take action to reduce your credit card balances and move towards a debt-free future.

Whether you choose balance transfer, cash advance, negotiation, rewards programs, selling unused items, or picking up extra work, remember that every little bit counts. With determination and a clear plan, you can get money off your credit card and start on the path to financial freedom.

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