What is the Cash Advance Credit Line? - Credit Card Insider
Today's question is: What is the cash advance credit line? Ask us your credit questions and find your next card at https://www.creditcardinsider.com/ Many credit ...
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Your cash advance credit line is part of your total credit line. Other balances, such as purchases and balance transfers, may limit how much of your cash advance credit line is available.
A cash advance on your credit card is an amount of cash borrowed against your credit limit. It's like withdrawing money from the ATM with your debit card, except the cash comes from your credit limit, which means you have to pay it back with interest.
A cash advance is the process of using one’s credit card to obtain money immediately. We do not recommend this - we think cash advances are a bad deal to consumers.
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How to Get a Cash Advance From a Visa Card. In this Article: Article Summary Getting a Cash Advance From an ATM Getting a Cash Advance From a Credit Union or Bank Getting a Cash Advance With a Cash Advance Check Community Q&A 6 References If you have a credit card, a certain portion of your credit line is typically available for cash advances.