What is the Cash Advance Credit Line? - Credit Card Insider
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According to a 2014 Gallup poll, about half of American credit card users sometimes carry a balance on their cards. 1 If you’re one of those millions of users, you’ve almost certainly noticed interest charges on your monthly card statement.
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Credit card interest is the principal way in which credit card issuers generate revenue.A card issuer is a bank or credit union that gives a consumer (the cardholder) a card or account number that can be used with various payees to make payments and borrow money from the bank simultaneously. The bank pays the payee and then charges the cardholder interest over the time the money remains borrowed.
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