What is the difference between a charge and a cash advance on a credit card ?

Warren
Posts: 10
 Joined: 2007-05-16

What is the difference between a charge and a cash advance on a credit card ?

‹ How many credit cards can I have ? Why does an ATM machine keep the credit card when you try to use it ? ›

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Submitted by Warren on Sat, 2007-05-19 18:37. quote

admin
Posts: 69
 Joined: 2007-05-11
Re: What is the difference between a charge and a cash advance o

A credit charge transaction is done for purchases and you receive no cash back and have a set interest rate. A cash advance gives you cash from an ATM machine and then charges you a higher interest rate on the cash advance.


Sat, 2007-05-19 18:43 reply | quote

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