THINKING OF A CREDIT CARD CASH ADVANCE? THINK AGAIN.
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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 ...
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.
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 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.
A cash advance is a debit to the credit card account that results in you receiving actual cash or a cash equivalent transaction such as the purchase of gambling chips.
One card that is particularly cash advance-friendly is the Barclaycard Ring from Barclays, which charges the same APR for both purchases and cash advances and has a low cash advance fee of just $3 ...