Credit card cash withdrawal, also called as cash advance on a credit card, allows you to withdraw cash using your credit card in case of emergencies. Thereby, this facility is an on-the-stop loan facility for credit card users. However, it is not as feasible as it seems due to multiple applicable fees and charges. Upon withdrawing cash, you will incur credit card finance charges (applicable from the day of withdrawal) along with the cash withdrawal charges. It is thus the costliest form of credit available in the market.
|Credit Card Cash Withdrawal|
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