Credit card itself has a lot of aspects that are really confusing. The more my brother tells me the more I tend to get confused. Recently he was talking about the fee on credit cash advance and since I had no idea about it, I asked him late about
what is cash advance fee in credit card. He said that it is a withdrawal of cash from a credit card account- like if you are borrowing against your credit card to get cash in your hand. For this benefit, a cost is taken and also at times there are fees on the amount you can withdraw.
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The charge levied everytime you withdraw cash using a credit card varies. It is usually from 2.5% to 3% of the transaction amount to an amount of Rs 250 to Rs 500 and it gets reflected in the billing statement.
How can one avoid cash advance fees?Of course you too must be wanting to know how to avoid this fee so I am going to tell that as well. One can avoid the fee by avoiding cash advances and cash equivalent transactions on credit cards. You might not be able to avoid the transaction totally so just try to reduce the cash advance fee by decreasing the amount of cash you withdraw on your credit card.
I hope this has answered and
what is cash advance fee in credit card and the charges as well.
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What Is Cash Advance Fee In Credit Card?
Hardeep
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2 Year
2022-08-17T09:40:17+00:00 2022-08-17T09:40:19+00:00Comment
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