cash advance fee
Borrowing cost penalty
A cash advance fee is the charge a credit card company imposes when you use your card to obtain cash rather than make a purchase.
This applies to ATM withdrawals, convenience checks, and sometimes casino chips or money orders.
The fee is typically a percentage of the amount withdrawn or a flat minimum, whichever is greater: The $10 cash advance fee made that ATM withdrawal expensive.
Interest on cash advances usually begins immediately, with no grace period.
- payday loanHigh-interest short-term borrowing
- interestAttention, stake, or fee
- ATMAutomated banking kiosk
- credit cardBorrowed-funds payment tool
- borrowObtain for temporary use
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cash advance feerewards points
Earned credits for purchases
sign-up bonus · statement credit · credit card rewards · fee waiver · grace period
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