What i meaning of cash advance on a credit card?
Question:
Answer:
a Cash Advance is pretty much a cash loan. You can go to a bank or an ATM and "withdraw" cash from your credit card. You usually have to pay an extemely high interest rate on cash advances though. I think my credit card with a 12% APR has a 23% cash advance interest rate.
Honestly, a lot of interest to be paid back. Credit card companies will borrow you money and then bill you for it with major a major high interst rate.
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