Glossary Terms: Default APR on Cash Advance

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Credit Card Applications » Glossary » Default APR on Cash Advance

Default APR on Cash Advance

When your credit card is in default, a default, or penalty APR will be applied. Usually there is one default APR for purchases, balance transfers, and cash advances, but some cards may have a different default APR for cash advances which is higher than the one for purchases and balance transfers.

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