FCH NH Blog

In a sudden cash crunch scenario you can make use of credit card Cash Advance to get that extra cash and manage the crisis. Credit cards can be used at an ATM to withdraw money from the credit account. There are no forms to fill or any approval process. It’s that simple but this option must be exercised only when there is an absolute emergency and when there are no other alternatives. The reason for this word of caution is the interest rate. When compared to a normal cash advance loan, the interest rate charged on a credit card cash advance is very high. Hence it is wise to stay away from availing cash advance facility using credit cards.

This entry was posted on Wednesday, August 25th, 2010 at 9:46 am and is filed under News and Society. Both comments and pings are currently closed.