Question Details

	Username: Maria Rating: Asked to: Dara Madee Date Created: 07 Jul 2016
Category	28
Tag	Financial
Question	What is a 'Cash Advance'?

Advice from Guru

Hello Maria,

A cash advance is a short-term loan from a bank or alternative lender. The term also refers to a service provided by many credit card issuers allowing cardholders to withdraw a certain amount of cash, either through an ATM or directly from a bank or other financial agency. Cash advances generally feature high interest rates or fees, but they are attractive to many borrowers as they also feature fast approval and quick funding.

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