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February 16, 2012 at 9:47 pm #2752
Cash advance fees and rates
Don’t take cash out of your credit card. Read the fine print on your statement and you’ll see it’s a very bad idea. Your card might have a really low rate for purchases, but if you take out a cash advance, get ready for a shock. The rate for cash advances is much higher. And there is no grace period — you start paying interest right away.