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Do You Get Cash Advances From Your Credit Card or A Bank?  email this discussion to a friend?

myLot reputation of 96/100. Muelitz (1099)   ranked 506 out of 19,259 in questions & answers 4 years ago

In cases of emergency, are you tempted or have you taken a cash advance from your credit card?happy During times like when financial needs exceed the resources, one may opt to avail the loans and cash advance being offered by banks and financial companies. Just be prepared for the interest rates they will charge you. When my budget is short and can’t wait for next payday to purchase something, I use my credit card but I make sure to pay it full before the next cut-off so that I will not be charged with interests. thumbdownSometimes, when there is a need for higher funds, the credit card is not enough. For emergencies like hospitalization, it is good to note that there are web-based financial institutions out there that you can take advantage of. They can provide cash advance loans ahead until your payday or when you are able to pay the loan. You may be charged with higher interest rates compared to the regular ones but the availability and ease of getting it is incomparable. There is something you can do with your need for emergency funds, it’s right here on your fingertips.thumbup


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tags:  advance, bank, cash, credit card, loan
 
1. myLot reputation of 74/100. sunkissed (2314)   ranked 2,068 out of 19,259 in questions & answers   4 years ago

muelitz,yes,i have gotten cash advantces off of my credit cards in the past.You are right the interest rates are high, but in time when you need them, they do come in handy, they did for me anyway.I live on a very fixed income, and have n savings.

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