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-   -   Credit Card Cash Advance (https://www.askmehelpdesk.com/showthread.php?t=843310)

  • Feb 2, 2019, 02:38 PM
    pastor1189
    Credit Card Cash Advance
    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??
  • Feb 2, 2019, 05:59 PM
    talaniman
    He will be charged whatever the interest is by the card contract on the monthly unpaid balance.
  • Feb 3, 2019, 04:20 AM
    pastor1189
    Thank you
  • Feb 3, 2019, 07:17 AM
    talaniman
    Be aware that the fees for the cash advance are part of his new balance that the monthly interests apply to.
  • Feb 3, 2019, 08:53 AM
    pastor1189
    Very Good

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