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It could make a difference if the debt was acquired through cash advances instead of purchases, as this activity often has a higher APR associated with it.

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16y ago
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Q: Does it matter if credit card debt was cash advances?
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Related questions

What credit card companies offer cash advances?

There are a number of credit card companies that offer cash advances to customers. One can get them from Citi credit cards, Commonwealth Bank Credit card and the HSBC Credit Card.


Do you get the same rate on credit card cash advances as you do on purchases on that card?

It depends on the credit card. Most of the time, cash advances are subject to a higher interest rate than purchases. Credit card interest rates are higher on cash advances. Check your card for specific details.


On average, how much are interest rates on credit card cash advances?

On average, the interest rates on credit card cash advances are about 4 to 6%. You can get an updated number at www.bankrate.com/brm/news/cc/20020814q.asp


Which credit cards have the best rates on emergency cash advances?

Credit card interst rates change daily. Typically Capital One has competitve rates on emergency cash advances.


What credit card features would be best for customers who might need to use their credit card to borrow money?

Ideally, there would be no fees for cash advances and the same interest rate for all charges, both purchases and cash advances. (Some cards offer both of these features.)


What cash advance companies offer a credit card?

There are many credit card companies that offer cash advances but not as many cash advance companies that offer credit cards. Some of cash advance companies are Payday Loans and Advance America.


What does credit card factoring mean?

Credit card factoring is a way to help businesses get cash advances. Business are able to do this through the utilization of future receivables or credit card invoices.


Which of these credit card features would be best for customers who think they might need to use their credit card to borrow money?

no fees for cash advances


What credit card features would be best for customers who think they might need to use their credit card to borrow money?

No fees for cash advances


What is it called if you borrow money on a credit card?

When you borrow money on a credit card, it's called a cash advance. A cash advance is when you use your credit card to get cash from an ATM or bank teller, or to transfer money to your bank account. Cash advances usually have higher interest rates than regular purchases, and they may also have fees associated with them. It's important to read the terms and conditions of your credit card agreement to understand the interest rates and fees associated with cash advances.


Credit card to purchase a cashiers check?

The only way I know of to do this is to get a cash advance on your credit card as cashier's checks must be purchased with cash. Be aware that the APR on cash advances is higher than regular purchase APRs.


How many cash advance can you get with the goodyear credit card?

There is not a listed limit to the amount of cash advances you can obtain with your Goodyear credit card. It appears that once you have paid off the first advance you can obtain a second.