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Cash Advance

Cash advances allow credit card users to withdraw a sum of money from their card’s line of credit. Credit card companies provide them as short-term loans. Borrowers can take out funds up to their card’s cash advance limit, which is different from their overall credit limit but may also make up a portion of it. When a borrower uses their credit card to make a regular purchase, there is a grace period for interest until the due date at the end of the month. With a cash advance, interest starts accruing immediately, meaning there is no grace period. The APR for a credit card cash advance will differ from the APR for regular purchases. Borrowers may also be charged a cash advance fee from their card issuer.

 

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  • contract_delete

    Bad Credit Loans

    A bad credit loan can help an individual whose credit score isn’t high enough to receive a loan from a traditional financial institution. Read More

  • rule_folder

    No Credit Check Loans

    Lenders that offer no-credit-check loans typically don’t look at your traditional credit history, and can be an option for those with bad credit or no credit. Read More

  • article_shortcut

    Installment Loans

    There are many forms of credit and financial products, the installment loan is a common one. Read More

  • demography

    Personal Loans

    Personal loans come in a variety of shapes and sizes. Here’s a bite-size FAQ to break down the basics. Read More

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