What is a cash advance?
A cash advance is where you obtain cash from your credit cards line of credit, rather than using the credit line to purchase goods or services. You can obtain a cash advance either through an ATM or through a convenience check often included with credit card statements. Because banks view cash advances as a sign of potential financial trouble, they almost always charge a higher APR for cash advances.
In the world of credit cards, a cash advance is an option cardholders can use to borrow actual currency against their current balances. For most credit card users, the amount of cash available for a cash advance is a small percentage of their overall credit limit. Statements issued by the bank will generally provide two sets of numbers: the credit limit and the cash advance limit. Receiving a cash advance can simply be a matter of using a credit card at the nearest ATM. Many electronic banking machines offer credit card users the option of a cash advance. As long as the requested amount does not exceed the current cash advance limit, the ATM or other electronic banking machine should dispense real currency. If the amount of the cash advance does exceed the current limit, the ATM may still dispense the money but also electronically flag the exchange. An unauthorized cash advance might be handled in the same manner as a purchase over the credit limit. Even in a world where debit and cred
• A cash advance, or payday advance, is a responsible and convenient choice for your short-term cash needs. With a cash advance, you can avoid the cost of bounced checks, late fees, and damage to your credit record. With Allied Cash Advance, youll have the money you need to make it to your next payday.
A cash advance is a small, short term, unsecured consumer loan paid until your next payday. It is a very easy and simple solution to tide over your immediate financial crisis. Cash advance variously known as fast cash, quick cash or payday loan has been around for centuries. Of late cash advance loans have become more popular than ever before. Rules have, however, changed for the better. The cash advance lenders are more human, generous and practical now. They come to your aid in your dire financial need when you have nowhere else to turn to. You need money within very urgently, within 24 to 48 hours to pay your important bill and you do not have the sufficient funds. Your late payment would be reported to the credit bureaus. You might attract other penalties. Cash advance comes as welcome cost effective alternative in such situations. It must be noted that this is a cost effective but not inexpensive alternative. It still turns out to be cheaper if the loan is paid back well in time.
