Credit Tips: No Cash Advances on a Credit Card

Posted On: April 1, 2006

Author: allen
Posted: Mon Jun 28, 2004 8:12 pm
Post subject: Credit Card Without Cash Advances

9/12/2002 7:10 pm CDT

THIS CREDIT CARD COMPANY OFFERED ME A CARD WITH A $2,000 DOLLAR LIMIT. THE THING IS, YOU CANT DRAW ANY MONEY! ONLY PURCHASE ITEMS. IS THIS UNUSUAL? ANYONE EVER HEAR OF THIS BEFORE? THANK YOU.

Author: mouse
Posted: Mon Jun 28, 2004 8:13 pm
Post subject: Credit Card Without Cash Advances

9/12/2002 9:05 pm CDT

NO BIGGIE!!!

I don’t do CASH ADVANCES anyway.

Balance transfers or purchases only.

Author: joe
Posted: Mon Jun 28, 2004 8:13 pm
Post subject: Credit Card Without Cash Advances

9/14/2002 10:19 am CDT

WHAT’S A BALANCE TRANSFER? CAN SOMEONE EXPLAIN TO ME EXACTLY WHAT IS A BALANCE TRANSFER? TRANSFER TO WHAT? THANKS!

Author: Ira
Posted: Mon Jun 28, 2004 8:14 pm
Post subject: Credit Card Without Cash Advances

9/15/2002 8:43 am CDT

A balance transfer is just what it says it is. The transfer of the unpaid balance on one credit card (usually a high interest card) to another (usually a low interest card). It’s actually a slight misnomer. Rather than “transfering” the balance, the new card pays the old card, so you’re paying off one debt and incurring a new debt of the same amount.