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Old 09.25.2001, 11:05
MT MT is offline
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Join Date: May 2001
Posts: 177
On another thread I noted that the terms of my agreement include something called Quasi Cash.

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Okay, in the terms I noticed something called Quasi Cash and a fee associated with it. It was near the cash advance fee information. Any idea what this is?

3.5.c: Quasi Cash: 4% ($20 minimum)
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Old 09.25.2001, 11:18
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Join Date: Oct 2000
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Re: quasi cash? anyone know what it is?

I think it may be referring to travelers check and such that are not directly cash, but indirectly.
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Old 09.25.2001, 11:23
MT MT is offline
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Join Date: May 2001
Posts: 177
Re: quasi cash? anyone know what it is?

Thanks Other.

I just called BOA to ask - the rep. said Quasi Cash is a cash advance that occurs at a Casino. I guess that some of the machines are not ATMs and do not require a PIN.
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Old 09.25.2001, 12:05
MT MT is offline
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Join Date: May 2001
Posts: 177
Re: quasi cash? anyone know what it is?

A better definition (the other, you are correct too):

When your credit card account is used for the purchase of money orders, travelers checks, foreign currency, lottery tickets, casino chips, vouchers redeemable for cash, or racetrack wagers, a cash fee of 4% of the amount of each transaction is applied or $20.00 (minimum). These transactions are known as quasi cash transactions.
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