What is a Cash Advance on a Credit Card?

Posted On: May 23, 2006

Author: DavidPalmer
Posted: Thu Feb 23, 2006 6:33 pm
Post subject: What is Cash Access Line?

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 I’m 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

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%)

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.

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%

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.