Personal loan via Diners?

I was wondering if anyone here has ever pulled a cash advance using a Diners Club card—you know, like a Diners+ setup? I don't actually carry one of those cards right now, but it feels a bit silly to go through the hassle of applying just to see if they'll even approve the credit. I’d hate to be stuck paying that annual fee for nothing when it's definitely not pocket change! Right now, there's some sort of promotion running with a pretty low interest rate, so it's caught my eye.
Give me your best advice.

If I were you, I’d probably steer clear of Denny's

Just some friendly advice, I guess

brisknomad6 said:If I were in your shoes, I'd steer clear of Denny's

Just some friendly advice coming your way!

But why exactly? Come on, don't leave me hanging—I'm dying to hear the reasoning. Give me the scoop on your experiences!

Credit card debt is a total trap. If you can swing it, just go grab a personal loan from your bank instead. It’s way cheaper than dealing with those interest rates.

frozenwalker4 said:Credit card debt is the absolute worst way to borrow money. If you have any other choice, go grab a personal loan from a bank instead—the rates are way more reasonable!

That is absolutely 👍

But let’s get real here: if your paycheck isn't high enough to actually prove you can pay it back, then even a bank loan isn't going to be "reasonable." I mean, don't get me started on how much those interest rates will absolutely murder your budget, but if you're backed into a corner with zero other options... well, you're stuck. It's brutal.

Bottom line? Just walk into a local Chase or Wells Fargo branch and ask them what they can do for you.

darkorca54 said:Wait, why though? I’m actually super curious, tell me what happened.

So, if you're talking about paying cash, I'm guessing you're kind of short on funds right now...
and honestly, it's way too easy to end up missing a payment or not being able to cover the full amount on time...

if that happens, Denny's—no matter how long you've been a loyal customer or how regularly you pay—they basically just demand the entire remaining balance immediately. They don't give a damn about your history or anything.

It actually happened to us. Our bed, TV, and washing machine all broke down within two months, and then our local small business owner caught a nasty case of mononucleosis and had to be on strict bed rest for two months...
so we couldn't even pay HALF of an installment (and man, we'd been customers for ten years!), we were just scraping by with $500, $300, $233—whatever cash we could get our hands on—and they just sent the whole bill for everything we'd bought on credit straight to collections...

So yeah, I definitely wouldn't recommend Denny's 🙄

And don't even get me started on those interest rates.

To snag a Denny's card, you’ve gotta be a member for six months, stay on top of your payments, and all that...
And from what I've gathered, they charge fees for just about everything—even pulling a racket by calling a 1.5% monthly fee "interest-free revolving credit"...
I guess "interest-bearing" means the store takes their 1.5% cut, and then Denny's jumps in to take another 1.5% on top 🙂

Look, if you ask me, the best way to handle debt is to avoid it altogether...

Credit card debt doesn't really impact your debt-to-income ratio the same way other loans do. So, if you find yourself in a spot where you need a quick down payment for a house and you're willing to tighten your belt for a while to manage two different payments, it might be a viable move. That said, a traditional bank loan is generally the smarter play.

Greetings. I haven't actually secured my Dunkin' card just yet, though I am intending to submit an application shortly. It occurs to me that I might want to apply for a loan simultaneously, rather than waiting for the card itself to arrive in the mail—which I understand can take two or three weeks. Does anyone know if it is possible to initiate the credit request before the physical card is in hand, and if so, what is the typical timeframe for the funds to actually be released?

You won't be able to, since they likely won't even offer you a revolving line of credit at first. You might have better luck going with Visa instead.
How much credit are you actually looking for?

Roughly $6,500 bucks.

Arthur Martinez said:Roughly $6,500 bucks.

With a standard American Express card, you might be able to pull about $6,000 in cash, but the terms are frankly terrible—I wouldn't recommend it unless you're facing an absolute emergency. If you have a Gold card, the limit is higher, though the conditions remain just as dismal.
As for the exact credit requirements for a cash advance, I haven't the slightest clue.
Why don't you just call American Express directly and ask?

And yes, I suppose I shall make my way over to Diners Club tomorrow to sort this out! Thanks 👍

Hey everyone... I was wondering if there’s any way to snag a little credit (maybe around $1,000?) using a student Diners Club card?? Does anyone actually get approved for those? I’ve got some pretty hefty expenses coming up—three weddings in one season, can you believe it?—so I really need the cash... I can't exactly lean on my parents or anything like that, so a loan feels like my only real move here. I am a student, but I do have a steady stream of income hitting my checking account every month. My local bank told me straight up that they won't do anything for me... ugh! Has anyone here actually had any luck with this?

With the Diners Club card, you've gotta wait six months. For Amex, you need a full year before they'll even consider giving you a cash advance.

No student loans available, you can only withdraw cash within your monthly limit

Yeah, and that hits my bank account all at once next month... which is exactly why I'm looking for something with at least a ten-month stretch—honestly, I'd take just about anything at this point! As for those predatory payday lenders? I can't even wrap my head around how they actually approve, fund, or authorize those loans... what's their secret?

I was asking around today, and apparently, once you get your card, you can access a credit line of up to $100k. However, they’ve scrapped that grace period where you could defer payments for four months—that offer expired at the end of September. 😠

slydrifter24 said:Yeah, and that hits my bank account all at once next month... which is exactly why I'm looking for something with at least a ten-month stretch—honestly, I'd take just about anything at this point! As for those predatory payday lenders? I can't even wrap my head around how they actually approve, fund, or authorize those loans... what's their secret?

A lot of stores offer up to 12 months interest-free right now (Warner Music Group is doing one), so maybe find someone buying something, pay with your card, and have them give you the cash instead.🙂

Are you for real? I just got my credit card approved, but she told me the limit was capped at maybe $3,000...