Check Your Mail
Sort through correspondence from your credit card company to determine if the company is offering any promotions. Oftentimes, credit card companies will send promotional mails which include a check with your name on it and attaching it with a zero percent Annual Percentage Rate (APR) if the check is cashed by a certain date. Sometimes, the check amount remains blank until you fill out the amount, depending on your available credit. At times, they fill the amount for you on the check and it is up to you to use it and transfer to you bank account.
Read carefully the terms of the promotion. Some promotions only last six months while others last for a year. Those lasting for a year carry an interest rate that may be higher at 1.5 percent to 2.9 percent. When the date is up, the interest rate may go up as high as 15 to 25 percent depending on the credit card company. Hopefully your hardship will not exceed six to 12 months, then you may pay the funds back right away at no to little interest.
Take the check and deposit the amount in your Chase bank account. Allow a couple days for the check to clear before you can take any of the money out.
Obtain a cash advance if your credit card company is not offering any promotions. You must obtain a Personal Identification Number (PIN) from your credit card company before you take a cash advance. Once the PIN number is in hand, find an ATM machine. Insert your credit card, enter the PIN, and the amount of funds needed. Once obtained, you can deposit the cash to your Chase bank account. The funds will be available immediately. This particular option must be done with great precaution. High interest rates are associated with cash advances, sometimes over 20 percent depending on the credit card company. Taking a cash advance on your credit card should be the last resort.
Develop a plan to repay the transferred funds right away. The easy part is done when the funds were transferred in your account. Now the hard part is repaying the amount you borrowed from the credit card. If the minimum payment is all you can repay at first, then do so. Once the opportunity presents itself to pay more, then, be expeditious about repaying the funds.