Glossary Terms: Minimum Interest Charge on Cash Advance


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Credit Card Applications » Glossary » Minimum Interest Charge on Cash Advance

Minimum Interest Charge on Cash Advance

A cash advance will almost always have a minimum amount of interest charged, no matter how small the withdrawal or how quickly it’s paid back. Cash advances usually have no grace period and begin accruing interest as soon as the withdrawal posts to your account. The minimum interest charge is the least amount you will be charged in the event that you use your credit card for a cash advance.

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