They’re dangerous business, cash advances. Have you read the terms and conditions of you credit card? It’s worth it, especially if you’re going to take cash advances.
So why check your terms and conditions? Two reasons: First, many cards have significantly higher interest charges for cash advances than they do for regular purchases. Secondly, there’s often an initial charge for the cash advance, independent of interest charges. Thirdly, the cash advance is often the last debt to be paid off, after the purchases have been paid off. Ok, that’s three. Three good reasons why you should be very vigilant when taking a cash advance.