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pastor1189
Feb 2, 2019, 02:38 PM
A member took a cash advance of $1,000 at $10.00 or 3%
Whichever is greater $30.00 interest. He wants to pay it back in two months. Will that be another $30.00 interest? Or $60.00 total??

talaniman
Feb 2, 2019, 05:59 PM
He will be charged whatever the interest is by the card contract on the monthly unpaid balance.

pastor1189
Feb 3, 2019, 04:20 AM
Thank you

talaniman
Feb 3, 2019, 07:17 AM
Be aware that the fees for the cash advance are part of his new balance that the monthly interests apply to.

pastor1189
Feb 3, 2019, 08:53 AM
Very Good