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| Best Cash Advance Credit Card of February 2008 |
| Bank of America World MasterCard with WorldPointsTM |
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50% |
[ 3 ] |
| Citi Dividend Platinum Select Card |
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33% |
[ 2 ] |
| Bank of America Cash Rewards Platinum Plus MasterCard |
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16% |
[ 1 ] |
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| Total Votes : 6 |
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Alex
Joined: 03 Oct 2007
Posts: 17
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Steve B
Joined: 06 Feb 2008
Posts: 46
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 Posted: Fri Feb 08, 2008 9:17 am Post subject: |
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When making a cash advance with a credit card what are the fees associated with the cash advance?
Also, is the APR for cash advance higher than the regular purchases APR? |
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creditmix
U POSTER
Joined: 07 Feb 2008
Posts: 55
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| Posted: Sat Feb 09, 2008 10:45 am Post subject: |
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| Steve B wrote: |
When making a cash advance with a credit card what are the fees associated with the cash advance?
Also, is the APR for cash advance higher than the regular purchases APR? |
Steve,
Usually cash advance credit cards charge about 3% for the cash advances, however sometimes bank will offer promotional period, where cash advance will be at no charge, meanwhile APR for cash advance credit cards, and for cash advance balance in particular is higher than the purchase APR.
Hope this helps |
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Steve B
Joined: 06 Feb 2008
Posts: 46
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| Posted: Sun Feb 10, 2008 11:05 am Post subject: |
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creditmix,
Thanks 4 ur response. It make much more sense to me now. Cash advance from credit card isn't the way to access cash when needed.
Thanks again |
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bigD
Joined: 05 Feb 2008
Posts: 50
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| Posted: Mon Feb 11, 2008 7:38 pm Post subject: |
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Steve B,
I think that still there are some situation in life when you need cash fast...and in these cases cash advance credit cards might be you best and only bet to access cash fast.
However as posts suggests it is not the cheapest way to access cash. |
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