4 Reasons Why Credit Card Advances Are Very Expensive For Your Pocket

Beware that if you withdraw money using an automated teller machine, ATM, because you will be charged high fees associated with a cash advance. When you withdraw money from your checking/savings account using a debit card the fees are much lower and in many cases you might not even be charge a fee at all. What is the definition of a cash advance?
A credit card cash advance is when you take your credit card to an ATM and withdraw cash. There are other ways to process a cash advance. 

Why is not a good idea to use credit card cash advances?

1. HIGH FEES. Your credit card company will charge you a fee for the cash advance. The fee could be 3% of the withdrawn amount with a minimum dollar amount.
2. HIGHER APR. Your credit card company will also charge you a higher interest rate on the cash advance balance.
3. INTEREST CHARGES FROM DAY ONE. You will be charged interest from the day you withdraw the money.
4. ATM FEE. The bank ATM you use will probably charge you a non-customer ATM fee.