cash advance

A cash advance service is one that allows you to withdraw cash using a credit card.

Cash advance can be done either through the ATM, bank, or other financial agency. There is a credit limit, normally a percentage of the limit of the credit card.

Cash advances are convenient if you need extra cash fast. However, because a person is advancing cash on a line of credit, there are high interest rates.

Because cash advances can be an easy target for thieves, a credit card holder presenting an accepted form of identification must be issued a cash advance over the counter. Simply having a PIN number will not supply enough information.

You'll find bloggers talking about cash advances at sites like The How To Invest Today Blog and The Personal Loans Blog.

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