Why cash advances are expensive

Why cash advances are expensive

When your bank account is low on cash and you have payments to make, cash advances are helpful.

However, it's one of the most expensive methods of borrowing money. 

There's a cash advance  fee that is imposed on the card issuer. 

Some card charges a flat fee for each cash advance; others charge a percentage of the  amount advanced. 

There's also ATM or bank fee applied when borrowing, imposed  by who handles  your transaction. 

There's an interest rate charged on the credit card that is much higher than the rate charged on purchases.

The interest usually starts accruing immediately with no grace period. 

Alternatively, Get a Line. Line gives cash for  financial emergencies.  Get instant cash  with no interest and no credit checks.