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.
Glossary Terms: Minimum Interest Charge on Cash Advance
ADVERTISING DISCLOSURE
ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site.
Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site.
Compensation from our advertising partners impacts how and where their products appear on our site,
including, for example, the order in which they may appear within review lists.
Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Minimum Interest Charge on Cash Advance
Add to Favorites:
Email you:
Related Terms
Application Processing Fee
A one-time upfront fee that is charged by a bank or issuer of credit cards to your bank account when you submit your application for a…
A global payments technology company, which provides consumers, businesses, financial institutions, and governments with access to the…
MasterCard
A credit card issuing network that is accepted worldwide, MasterCard partners with banks to issue credit cards, debit cards, and prepaid…
Some credit cards come with an “instant decision” – that is, they allow a customer to apply online, filling in all relevant…
Our Experts about Interest Rates & Fees
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Enter your e-mail address to subscribe to the latest CreditLand news, articles, and expert advice for FREE.
CreditLand will never share your e-mail address with any third parties.
You may unsubscribe at any moment by simply clicking the Unsubscribe link in any of CreditLand's newsletters.
CreditLand will never share your e-mail address with any third parties.
You may unsubscribe at any moment by simply clicking the Unsubscribe link in any of CreditLand's newsletters.
Search Terms by:
Type the term you want to find:
Choose Terms Category:
- Interest Rates & Fees (28 Terms)
Last Update: July 11, 2016 - Credit Card Basics (10 Terms)
Last Update: September 25, 2013 - Reward Program (8 Terms)
Last Update: September 25, 2013 - Credit History (7 Terms)
Last Update: September 25, 2013 - Using Credit Card (5 Terms)
Last Update: September 25, 2013 - Card Types (4 Terms)
Last Update: September 25, 2013
Balance Transfer: Save on Average $1,400
May 08, 2015