HOW TO USE CASH ADVANCES ON CREDIT CARDS

        Every credit card, you are issued allows you a limit or a credit limit. This boundary can be anywhere from $ 500 to 1000 of dollars. When capturing an cash advance from your credit card, you are taking some of this boundary in cash. You will owe the money, and there would be fees attached. The amount that you can withdraw from a cash advance is not as high as your actual credit limit. Things you need

• CREDIT CARD
• ATM
• CASH ADVANCE CHECK

*    Ring for 1-800 number at the rear of your credit card and use the automated system to find out how much your cash advance boundary is. This is a number other than the credit limit, you received when you got your card.

*       Use credit cards at almost any ATM and withdraw the amount you needs up to the cash advance border placed on your card. The cash will then be handed to you in the same manner it would if you were using a debit card. You will also need a PIN to get cash advances. If you do not know your PIN, you will need to call the 1-800 number at the rear of your credit card and request it. Do not give it to you over the phone, but they will mail it to you . This is for safety precautions.

*        Use any of your cash advance checks. You will regularly receive checks in the mailthat you can use to take a cash advance. You can also contact 1-800 number at the rear of your credit cards and ask for some. They will post them to you free but there are charges for using of checks. Taking the cash advance just make the check out to yourself and redeem it at your local bank.

*         Know your fees. An ATM may charge you for the using it on top of the fees from credit card organization. The credit card company will charge you anywhere from 1 to 5 percent of the amount you took for starters. Then they will charging you higher interest rates than you are paying on your card. Finally, they will begin to charge you as soon as you take the money and not one month later like your credit card transactions. All those duties are added together can make it quite expense to draw a cash advance. Talk with your credit card Consumer Care to have fee details for your cash advance.