Most credit cards will let you withdraw cash. Borrowing money on your credit-card is a cash-advance (short term loan).
Cash-advance loans allow consumers to withdraw-cash using a credit card for short term solutions.
An emergency loan can provide much needed cash during a difficult financial situation.
The bad-credit is a service offered by banks, private lenders, and/or most commonly credit cards.
If your credit card have a pin, you can get cash advances directly from an ATM.
A credit card cash advance is available readily with use of your credit-card through an ATM.
Cash advance credit card is refers to withdraw cash-money (physical-cash) and the lender will charge you very high APRs.
Credit card cash advance interest’s calculated by devide the cash-advance interest-rate by 365 number of days in a year.
Then, multiply it by the amount withdrawn. Finally, multiply that number by number of days from the transaction to the date it’s paid (it means, since cash advances start to accrue interest).
Interest on cash-advance charged when you use your credit card to take out cash. The interest rate starts accumulating the same day you make that transaction.