The fee or rate charged by credit card companies upon withdrawal of cash from your credit card account. The interest rate on a cash advance is often high, so cash advances can be expensive. Additionally, unlike a regular charge, cash advances are subject to this higher interest rate from the day you take the advance.
You can take actual cash from an ATM with your credit card for a fee. The fee can be a per-transaction fee or a percentage of the cash advance. Getting cash by using your credit card is entirely disadvantageous as the fees are relatively high and you are charged interest from the moment you withdraw the cash. Your card issuer may also from time to time send you checks which can also be thought of as a cash advance.
A fee charged for using your card to obtain cash. The fee will be a percentage of the transaction or a flat fee. Higher interest rates generally apply to cash advances.
A Cash Advance Fee is a charge by the bank for using a credit card to obtain cash. This fee can be stated in terms of a flat per-transaction fee or a percentage of the amount of the Cash Advance.
A fee assessed when a card holder uses a credit card to obtain cash. These fees are often charged as a percentage of the cash obtained.
A fee accessed when you access cash from your credit card.
An additional charge to obtain cash from a credit card.
A fee charged for accessing cash through an automatic teller machine (ATM) or at a bank with your credit card, you are usually charged a transaction fee. The advance often carries a higher interest rate than regular purchases.
The charge made (typically 1.5 per cent) for a cash advance on your credit card.
A fee charged by the bank for using credit cards to withdraw money generally from an ATM or banking machine. This fee can be a flat fee per transaction or a percentage of the amount being advanced. For example, the fee may be set as: "2% / $10". This means the cash advance fee will be the greater of 2% of the cash advance amount or $10. Banks often limit the fee to a certain dollar amount.
A fee that is collected when an individual takes out a cash advance from a credit card. Generally, a minimum fee is charged and there is no maximum to this fee.
A cash loan drawn against your credit card or pay check. Most credit card providers charge a Finance Charge starting the day you get a cash advance and ending when you pay off all credit card payments. Most cash advance lenders charge a flat fee.
A fee charged when you receive a cash advance.This is in addition to interest charged on the sum of the advance.
A cash advance fee is charged for using a credit card to obtain cash (generally at an ATM or bank window). This fee can be stated in terms of a flat, per-transaction fee or a percentage of the amount of the cash advance. Generally, cash advance fees do not have a grace period, which means that interest accrues from the moment the money is withdrawn.
The fee charged by a credit card company whenever a cardholder borrows cash using the credit card. The cash advance fee is generally calculated as a percentage of the amount borrowed, with a minimum, and possibly a maximum, dollar amount specified. Most major cards currently charge around 3% with a $5 minimum.
A charge assessed for taking a cash advance.
A fee charged by a credit card company for the privilege of drawing cash from your borrowing limit. Unlike a regular charge, cash advances begin incurring interest from the day you take the advance. The interest rate is often the maximum allowable rate.
A charge for withdrawing cash when using a credit card.
A charge by the bank for using credit cards to obtain cash. This fee can be stated in terms of a flat per-transaction fee or a percentage of the amount of the cash advance. For example, the fee may be expressed as follows: "3%/$15". This means that the cash advance fee will be the greater of 3% of the cash advance amount or $15. The banks may limit the amount that can be charged to a specific dollar amount. Depending on the bank issuing the card, the cash advance fee may be deducted directly from the cash advance at the time the money is received or it may be posted to your bill as of the day you received the advance. The cost of a cash advance is also higher because there generally is no grace period. Interest accrues from the moment the money is withdrawn..