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Meaning will it still let you take it out from an ATM if its less than your available credit balance??

2007-11-04 03:38:38 · 7 answers · asked by [[Julian's Mommy]] 4 in Business & Finance Credit

7 answers

not always!!!

2007-11-04 03:57:37 · answer #1 · answered by Anonymous · 0 0

well, if you have an available credit balance you can probably get money from an atm but you may have to pay an atm fee. Unless you desperately need the money, you should wait until you have money saved and get a debit card so that you aren't paying the interest on money you spend but are paid interest instead on money until you spend it. For too many people who get into the habit of using credit cards, it becomes financial slavery which can cost as much in interest as you put on the card to begin with, or cause bankruptcy.

2007-11-04 03:58:53 · answer #2 · answered by Al B 7 · 0 0

Cash advance limit varies. It is generally 25-50% of your available credit limit. Keep in mind that any payments made go to your charges first and cash advances last. Example: If you buy $500 plane tickets and take a $200 advance and you only pay $200 a month the interest will still accrue on the advance until the total bill is paid off. If you are already in debt and you take a cash advance and are still revolving debt it will keep accruing interest until the balance is paid. This is legal loansharking.

2007-11-04 03:53:08 · answer #3 · answered by Your #1 fan 6 · 0 0

Taking out a cash advance on your card is not a smart move because of the interest you will be charged! Just use your card to buy the item your after or wait until you have the money!

2007-11-04 04:42:27 · answer #4 · answered by Anonymous · 0 0

It depends on the card and is a horrible idea. The interest you will be charged is outrageous. Much better to use your bank card for cash advances. and credit cards for purchases.

2007-11-04 06:08:57 · answer #5 · answered by Bobbi 2 · 0 0

No, there are different. You really check with your credit card company and ask them this question, because all credit card company have different policies and regulations.

2007-11-04 10:32:06 · answer #6 · answered by Anonymous · 0 0

nope

2007-11-04 03:49:18 · answer #7 · answered by Anonymous · 0 0

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