Cash Advance Credit Card Tips
Author: Alexandermo
Posted: Thu Aug 24, 2006 11:20 pm
Post subject: Cash Advances
Hey first time poster long time reader i cant find out any details on cash advance how do they work u get the money in cash do you just get charged the normal interest rate of ur card with no grace period? or is it more expensive then that becuase i got a card with a apr of 3.6% and i was thinking of paying off girlfreind with a cash advance becuase the interest wouldnt be that much any details will help thanks
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Author: mouse
Posted: Thu Aug 24, 2006 11:39 pm
Post subject: Re: Cash Advances
Quote:
"Alexandermo"
Hey first time poster long time reader i cant find out any details on cash advance how do they work u get the money in cash do you just get charged the normal interest rate of ur card with no grace period? or is it more expensive then that becuase i got a card with a apr of 3.6% and i was thinking of paying off girlfreind with a cash advance becuase the interest wouldnt be that much any details will help thanks
CASH ADVANCE is rarely under 19.99%
ADD A FEE OF 3% or 4% ON TOP OF THAT
Sometimes you only have a CASH ADVANCE credit limit of 15%--50% of the total credit limit for the account
"IF" THIS IS A BALANCE TRANSFER THEN THAT IS NOT A CASH ADVANCE
2 DIFFERENT ANIMALS
A CASH ADVANCE YOU GO TO THE BANK WITH THE CARD AND WALK OUT WITH THE CASH IN HAND
A BALANCE TRANSFER THEY DO AN EFT or MAIL A CHECK or YOU MAIL YOUR OWN CHECK TO THE CREDIT CARD YOU WANT TO PAY OFF
THERE CAN BE NO FEE
SOMETIMES THERE IS A FEE
SOMETIMES AS HIGH AS $75
SOMETIMES THERE IS NO LIMIT ON THE FEE
(so you could pay $100's or even $1,000+)
Author: spjoink
Posted: Fri Aug 25, 2006 1:04 am
Post subject: Cash Advance Credit Card Tips
nasa fcu charges me only 9.9% apr on cash advances same as purchases...most creditunion cards do....i never ever use it !
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CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Posted: Thu Aug 24, 2006 11:20 pm
Post subject: Cash Advances
Hey first time poster long time reader i cant find out any details on cash advance how do they work u get the money in cash do you just get charged the normal interest rate of ur card with no grace period? or is it more expensive then that becuase i got a card with a apr of 3.6% and i was thinking of paying off girlfreind with a cash advance becuase the interest wouldnt be that much any details will help thanks
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: mouse
Posted: Thu Aug 24, 2006 11:39 pm
Post subject: Re: Cash Advances
Quote:
"Alexandermo"
Hey first time poster long time reader i cant find out any details on cash advance how do they work u get the money in cash do you just get charged the normal interest rate of ur card with no grace period? or is it more expensive then that becuase i got a card with a apr of 3.6% and i was thinking of paying off girlfreind with a cash advance becuase the interest wouldnt be that much any details will help thanks
CASH ADVANCE is rarely under 19.99%
ADD A FEE OF 3% or 4% ON TOP OF THAT
Sometimes you only have a CASH ADVANCE credit limit of 15%--50% of the total credit limit for the account
"IF" THIS IS A BALANCE TRANSFER THEN THAT IS NOT A CASH ADVANCE
2 DIFFERENT ANIMALS
A CASH ADVANCE YOU GO TO THE BANK WITH THE CARD AND WALK OUT WITH THE CASH IN HAND
A BALANCE TRANSFER THEY DO AN EFT or MAIL A CHECK or YOU MAIL YOUR OWN CHECK TO THE CREDIT CARD YOU WANT TO PAY OFF
THERE CAN BE NO FEE
SOMETIMES THERE IS A FEE
SOMETIMES AS HIGH AS $75
SOMETIMES THERE IS NO LIMIT ON THE FEE
(so you could pay $100's or even $1,000+)
Author: spjoink
Posted: Fri Aug 25, 2006 1:04 am
Post subject: Cash Advance Credit Card Tips
nasa fcu charges me only 9.9% apr on cash advances same as purchases...most creditunion cards do....i never ever use it !
_________________
Den eneste Norske Viking pa dette forum!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 10:48 PM
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