Credit Card Cash Advance
Financial crises happen. They are an everyday part of the ups and downs of life. You may be tempted to go to an ATM for a credit card cash advance, but wait! Did you know that in addition to fees for taking a credit card cash advance, the interest is outrageous? And don’t forget the ATM fees from the machine owners. Did you know that banks will force you to pay for your normal purchases first before allowing you to pay off the credit card cash advance so they can continue to charge you the higher interest rates? Don’t run to the ATM for a credit card cash advance, let SameDayPayday help.
Why a Credit Card Cash Advance Is a Bad Idea
o For every credit card cash advance you take, the card issuer will charge you a fee. And the fee doesn’t include the exorbitant interest you’ll pay at the end of the month. Some banks charge a flat rate instead of a percentage. That could be even worse, especially if you’re only taking out a small amount of cash.
o Watch those ATMs. If you take a credit card cash advance at an ATM, you’ll pay even more in fees. The owner of the machine will get a cut as well.
o When you go to repay your credit card debt, money applied to your account is put toward the lower interest items first. That is, your payment first goes to your purchases (less interest accruing) and then to your credit card cash advance- therefore while you are paying off your purchases, your cash advance is racking up interest charges.
Rather than a credit card cash advance, you should consider a cash advance loan from SameDayPayday. A cash advance loan can be just what you need to pay for unexpected expenses that otherwise would have to wait until your next payday. While nearly just as fast as a credit card cash advance, the fees and interest are not nearly as staggering. Also, SameDayPayday offers a quick and confidential service: fill out a short application, and within minutes you know if you're approved. Funds will be credited to your account in one business day.
SameDayPayday cash advances are short-term loans- a quick-fix cash advance to keep you going between paychecks. An emergency car repair, a medical emergency, a gift for that surprise birthday party or an unexpected financial loss are just some of the emergency financial problems that could surprise you between paychecks. A cash advance loan from SameDayPayday can quickly and confidentially alleviate your financial worry.