American express converting available credit to ca

threethousand2017

Hi,
Any advice appreciated i have £2000 available credit on my new unused amex card has anyone any ideas of how i could possibly convert this to cash (NO CASH WITHDRAWLS AVAILABLE) for 6 months.
thanks

[Deleted User]

You can’t.
And you wouldn’t want to due to interest charges etc

stevenhp1987

Of all the lenders, Amex are probably the most risk-adverse when it comes to cash withdrawals.

If they let you make them it won't give you any cashback/points and will cost you a lot of money, the same as any other credit card provider.

If you can get an Amex and urgently need £2k for an emergency expense, a loan would be a much cheaper option?

What is the £2k for?

Ben8282

stevenhp1987 wrote: »

Of all the lenders, Amex are probably the most risk-adverse when it comes to cash withdrawals.

If they let you make them it won't give you any cashback/points and will cost you a lot of money, the same as any other credit card provider.

If you can get an Amex and urgently need £2k for an emergency expense, a loan would be a much cheaper option?

What is the £2k for?

Or perhaps a 0% money transfer card?
I really don't understand why you obtained the Amex card. Most people get Amex credit cards for cashback or rewards, not to immediately 'convert' their entire amount of available credit into cash. Why did you not apply for a different type of card more appropriate to your needs?
I also notice that back in 2017 you wanted to do the same thing except that then it was Barclaycard not Amex.
https://forums.moneysavingexpert.com/discussion/5683462/credit-balance-to-cash