2006-12-04 01:47:16 · 4 answers · asked by forest lover 2 in Business & Finance ➔ Credit
Yes, it's called a cash advance. The interest is very high though. Use with extreme caution.
2006-12-04 01:49:14 · answer #1 · answered by k² 6 · 0⤊ 0⤋
Yes you can take a cash advance but the payback will cost you. They typically start charging interest from the minute you take out the cash. The cash advance has a higher annual percentage rate and the amount you take out is the last thing you pay back. I'd recommend getting cash another way.
2006-12-04 06:58:25 · answer #2 · answered by Anonymous · 0⤊ 0⤋
If you have a pin number but read the fine print sometimes cash advances goes toward your total and can be up to 28% in interest I learned this the hard way!!! if you don't really need the cash that bad it is best to wait until payday.
2006-12-04 01:52:40 · answer #3 · answered by kissybertha 6 · 0⤊ 0⤋
Yes, but it is still borrowing and you will be charged a fee and an interest rate much higher than for purchases.
You can avoid these charges by getting cash back from a store cashier when you purchase something on your card.
Below is a link of a typical cardholder agreement.
2006-12-04 01:53:29 · answer #4 · answered by RolloverResistance 5 · 0⤊ 0⤋