Credit Card Cash Access Line

Guest: DavidPalmer
Post subject: Credit Card Cash Access Line
Posted: Thu Feb 23, 2006 6:33 pm

Ok, I just received my new CC in the mail that I recently got approved for, however, I was wondering what is cash access line, because it says on my form that I have $160, however Im unclear what it is. Also, the card came with a check that says "use the check attached below to access your available credit". Do I have to use this check or can I just shred it. Thanks

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Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Post subject: Credit Card Cash Access Line
Posted: Thu Feb 23, 2006 6:45 pm

DavidPalmer wrote:
Ok, I just received my new CC in the mail that I recently got approved for, however, I was wondering what is cash access line, because it says on my form that I have $160, however Im unclear what it is. Also, the card came with a check that says "use the check attached below to access your available credit". Do I have to use this check or can I just shred it. Thanks

CASH ADVANCE you get that from a BANK or ATM

Usually an additional fee is involved (up to 4%)

Guest: DavidPalmer
Post subject: Credit Card Cash Access Line
Posted: Thu Feb 23, 2006 7:07 pm

so can I ignore it or do I have to use that check. Could you please go into more detail, because the paper I got in the mail doesn't explain what it is.

Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Post subject: Credit Card Cash Access Line
Posted: Thu Feb 23, 2006 7:48 pm

DavidPalmer wrote:
so can I ignore it or do I have to use that check. Could you please go into more detail, because the paper I got in the mail doesn't explain what it is.

CASH ADVANCES are usually not required to have a credit card

I wouldn't do one unless you could get one for NO FEE and an APR of 0.00%

Guest: DavidPalmer
Post subject: Credit Card Cash Access Line
Posted: Thu Feb 23, 2006 8:06 pm

COULD YOU TELL ME WHAT A CASH ADVANCE IS?

so by not doing a cash advance it will not hurt me in anyway. Im just wondering what the $160 does.

Guest: iceman
Post subject: Credit Card Cash Access Line
Posted: Thu Feb 23, 2006 8:40 pm

DavidPalmer wrote:
COULD YOU TELL ME WHAT A CASH ADVANCE IS?

so by not doing a cash advance it will not hurt me in anyway. Im just wondering what the $160 does.


David

You just received your chase card, I just received my chase visa card today also. You cash access line, is for cash advances. Your credit limit or credit line is $800 and you can get a cash advance from that $800 of $160.00. Now you do not need to use this, but it's there just in case you are short of cash. But, you also have to wait until chase send you your pin number. This is the only way you can take a cash advance from a ATM machine. Again you do not need to use this if you do not want to. Be carefully with the cash advance because you have to read your cardmember agreement that came with your card. This will let you know what % your cash advance will be. It should be page 6 on your cardmember agreement. On my agreement it is 3% for my cash advance. You are access this percentage the moment you take the cash advance.