How to Get Cash Advance from Credit Card?

Credit card cash advance are usually preferred by individuals during immediate cash needs. They can get cash advance by using their credit card at the nearest ATM that can process Visa or MasterCard. The credit card holder needs to insert the card inside the ATM machine and enter the Personal Identification Number PIN. Once the ATM recognizes the number, it will return cash to the credit card user. One should be aware about their cash advance limit, before they perform this act.

The cash advance feature of a credit card enables credit card users to get cash, instead of purchasing desired items directly through their credit card. Cash advance from credit card can be extremely helpful when you need instant cash to pay off your bills, or to return borrowed money, wherein you are unable to use your credit card directly.

Most credit card companies also send cash advances in the form of checks to their customers. This can be useful resource to pay off your bills, which do not entertain credit card payments.

Also, some credit card companies allow their customers to receive cash immediately from the cash counter against their credit card cash advance limit. One is usually recommended to carry their credit card and photo identification proof while availing this service.

Unlike credit card purchases which involve a grace period to pay off the outstanding amount, in case of credit card cash advance, the clock starts ticking the moment you withdraw the cash.

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