Financial Planning Advices » Financial Terminology » What is Cash Advance?
What is Cash Advance?
Credit card holders are provided the opportunity to take cash against the credit card balance they hold. This is referred to as cash advance.
No matter how attractive these cash advances may seem, you should keep in mind that there is a fee associated with them as well as a higher than usual interest rate. However, some companies have gone a step further by offering a lower introductory rate.
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