Any time you use a credit card to get money it will be just that, a cash advance. This permits them to charge a higher interest and they conclude how much of your payment is applied towards the cash advance loans balance (unless it is the only balance due).































oustanding
I'm a little confused as to how cash advance on credit cards work. Several websites state that cash advance loans generate interest from day one - so does that signify that I'm going to be charged X% each day until I pay the cash advance off (I'll be clearing the balance at the end of the month, so wouldn't normally generate interest). Or do I compensate a lump sum as shortly as the money is taken out?