Credit Card Cash Advance: What is it? How its misuse can lead you to significant losses?
Credit Card Cash Advance: Many users are unaware that, like debit cards, credit cards also offer a cash withdrawal facility called cash advance. Doesn't this seem like a quick solution when you need money immediately? But if one fails to pay the credit card bill, they will not only be paying interest on withdrawals but they will also be slapped with a monetary penalty. Know here's how:
Credit card cash advance allows cardholders to withdraw cash from an ATM or obtain cash equivalents from a bank or financial institution using their credit card. Pic: Pixabay