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credit cards faq/glossary
The most common questions asked about Credits Cards.
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Credit Card Glossary
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C
 
Cash advance rate
definition
What does Cash advance rate mean?

When a client at a financial institution takes out a cash advance, he or she gets charged a higher rate than the rate charged for purchases for instance. Since these types of loans are categorized as having a higher risk than other kinds of loans, cash advance rates are higher.

When taking advantage of cash advances consumers are generally charged from the day they accessed the advance.
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