Tips on Managing Your Credit Card Cash Advance

For some people, having a credit card will elevate their social life. It becomes a must though many of them are actually could not afford it. Such motivation will only lead those individuals into difficulties and debts due to the payment especially when they withdraw credit card cash advance.

To withdraw a cash advance from your credit card will result in many undesired situation. Firstly, it is very expensive since it always comes with fees range from 1-4% of the advance. Many cards issuers determine higher interest rates for such advances withdrawal than regular purchases that only cost you extra money.

There is no grace periods is provided or cash advance which means that as soon as you get your cash, the interest charges begin to perform. Can you imagine what will happen to you if you depend on credit card cash advance?

However, below are some tips on managing your credit card cash advance. They are:
- Only use a cash advance on a true urgent situation; never use it for your everyday payment.
- Withdraw certain amount fits to what you need. Exceeding your determined budget will have you to get higher interest rates.
- Before you repay the cash advance, avoid any purchase to save you from a greater financial burden.
Be wise in swiping your credit card. It is better for you to avoid making any purchase unless you are definitely able to afford them.