The Costs Of Cash Advances On Your Credit Card
Source: Bank of America
Credit card cash advance is a withdrawal of cash from your credit card through an ATM, by bank teller, by writing a check on the credit card account, or through a transfer of cash from your credit card to your deposit account. It can be convenient when you are occasionally short of funds, but there are costs. You need to pay by cash or debit and you don't have enough money in your account. Your expenses are higher than usual because of an emergency or unplanned purchase.