I want to take a cash advance from one of my credit cards but want to know how much is it going to cost me to take out $100??? please help.
2007-10-15 10:23:51 · 5 answers · asked by Little miss Desert Freak! 2 in Business & Finance ➔ Credit
3% of $100 is $3. Snce that's under $5, your fee would be the $5 minimum.
2007-10-15 10:51:52 · answer #1 · answered by Judy 7 · 1⤊ 0⤋
According to what you've written - the fee will be $5 for $100 because five is greater that 3 (three dollars would be 3% of one hundred dollars).
The big question is - why would you take a cash advance? Live within your means! Don't spend more than you have and you'll be ahead of the game.
2007-10-15 17:33:15 · answer #2 · answered by onparadisebeach 5 · 0⤊ 0⤋
It means they are going to charge you either $5.00 or 3% of the cash advance. Most likely whichever is higher, so it would be the $5.00 minimum.
2007-10-15 17:31:10 · answer #3 · answered by ? 7 · 1⤊ 0⤋
It means they are going to charge you $5.00 or 3% whichever is greater, so you'll get charged at least $5
2007-10-15 19:57:41 · answer #4 · answered by K.C. 5 · 0⤊ 0⤋
The fee is $15 if you take out $100.
If you take from $0.01 to $166.66, the fee is $15.
If you take $166.67 or more, the fee is 3% of the amount you take.
2007-10-15 17:30:30 · answer #5 · answered by StephenWeinstein 7 · 0⤊ 4⤋