What does a credit card cash advance mean?

Credit card cash advance means that a consumer with a credit card applies for a loan from a bank, and the bank deposits the borrowed funds directly into the cardholder's bank account, and the cardholder can use the cash at any time. This service is generally called "cashadvance" or "advancecash".

Credit card cash advances are different from ordinary consumption because banks will charge high interest and handling fees for this loan. Generally speaking, banks will charge a handling fee of 3-5, and the interest often reaches more than 20-30, so consumers need to carefully consider whether they really need to use this cash.

If consumers need cash urgently, a credit card cash advance may be a quick solution. However, consumers are advised to confirm whether cash is truly a necessity before considering a credit card cash advance. After getting a credit card cash advance, consumers need to consider how they will repay the loan in a timely manner. If you cannot repay on time, you will face more debt and high interest rates.