Has anyone tried to get a cash advance from a credit card?
Question:
Answer:
Yes. And they are much more costly than normal cash loans. Go for cash advance from your credit card as a last option or in emergency only. You can always prefer a small amount of personal loan if you are in need of cash rather than a credit card. Use credit card mostly for purchase purposes.
If you take it, try to pay it off in full as soon as possible or try to covert it into a monthly installment plan. Usually, converting it into installment would reduce the interest rate than the normal one.
Yes and they are BAD NEWS because they have a higher APR then the regular purchases. Don't do this.
It is possible, you will have to fill out forms and show several id's and there are charges involved. Not only will you pay interest on the amount you borrow but you will also have to pay a transfer fee or similar type of fee. This is a very expensive way to get borrow money.
The best way is to get a loan from a bank or building society - shop around and try and get the best deal that suits your circumstances. A good website is www.moneysupermarket.com
Of course the best thing to do is to save the money if you can that way you don't pay any charges.
Yes but the interest is higher for cash than it is for purchases
don't do that, as the interest rate is very high, Go to your local bank and get cash.
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