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What is the amount of interest on a cash advance from a credit card of 2000 dollars at 27 per cent a month?
Wiki User
∙ 16y ago
Finance charges will be approximately $44 on $2000 at 27% depending on how your bank computes finance charges.
Wiki User
∙ 16y ago
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Can you use a credit card to take away money from ATM?
Yes. However, this is considered a cash advance and you can be charged in excess of 30% interest on the amount withdrawn. Its best to avoid this if possible.
What interest rates are charged to people with bad credit at payday advance companies?
People with bad credit sometimes turn to payday loans at payday advance companies. These loans can have exorbitant interest rates, sometimes being as much as 400% APR.
How can you get a cash advance from a bank?
A cash advance is typically a loan taken out against a line of credit such as a credit card, the cash advance typically charges a substantially higher interest rate. In order to get a cash advance from a bank, one needs to provide the bank with a line of credit that they can use as collateral to the cash advance they provide, this is typically done through the use of a credit card.
On credit card what is difference between initial credit line and partial line amount?
According to Citi, the partial line amount is the available cash advance amount, and the credit line is the limit on the account
How is a line of credit similar to a credit card?
Interest is charged only on the amount you actually borrow
Do you have to pay interest on a Cash Advance?
If you take a cash advance from a credit card you do have to pay interest. It is usually a higher interest rate than your card normally charges for purchases.
Can you use a credit card to take away money from ATM?
Yes. However, this is considered a cash advance and you can be charged in excess of 30% interest on the amount withdrawn. Its best to avoid this if possible.
What interest rates are charged to people with bad credit at payday advance companies?
People with bad credit sometimes turn to payday loans at payday advance companies. These loans can have exorbitant interest rates, sometimes being as much as 400% APR.
What is the highest interest for a savings account at a Credit Union?
Credit Union have a savings plan where the amount of interest earned is dependant on the amount of money being saved. Further information can be found on the Credit Union website.
How can you get a cash advance from a bank?
A cash advance is typically a loan taken out against a line of credit such as a credit card, the cash advance typically charges a substantially higher interest rate. In order to get a cash advance from a bank, one needs to provide the bank with a line of credit that they can use as collateral to the cash advance they provide, this is typically done through the use of a credit card.
On credit card what is difference between initial credit line and partial line amount?
According to Citi, the partial line amount is the available cash advance amount, and the credit line is the limit on the account
Are cash advance loans a good idea for someone with bad credit?
No the interest rate is to high.
What is the journal entry for accrued interest expense on Notes Payable?
debit interest expense, credit interest payable for the accrued amount
How is a line of credit similar to a credit card?
Interest is charged only on the amount you actually borrow
What Does Cash Credit Line Availability Mean?
It's the amount of credit on your credit card that is currently available for you to use for cash advance transactions.
What is the definition of a cash advance on a credit card?
A cash advance is when you borrow cash against your credit card. When you borrow cash you will usually pay a much higher interest rate than you would for purchases.
Which companies offer interest free credit cards?
Chase, Citi and Capital One are companies that offer interest free credit cards. These interest free credit cards most often do not stay interest free. They are interest free for a certain amount of time.
