There is a belief that credit card is like the two sides of the blade. One side can really make things a lot much easier for you when it comes to the financial matters. Sure, you can really enjoy the benefits of having credit card. However, in the other hand, if you are not really careful in using the credit card, there will be so many disadvantages and sometimes, those disadvantages can be really horrible. You must have ever heard about how there are some people who suffer from bankruptcy or are in the brink of bankruptcy because they were not careful enough in using the credit card. Well, the key is actually to make it certain that you can use the credit card properly. It should make you feel glad instead of sad. And here, you are going to learn about one of the greatest advantages of having credit card. It’s about getting cash advance on credit card.
Yes, once you have a credit card, among the privileges offered, you can get cash advances which definitely sound so great, right? And what’s even greater is basically you can get the cash advances without going to the bank. You can simply go to the ATM or some kind of institution which works in financial world. Use the credit card and you can get the cash advances. So, how to get a cash advance on credit card? Surely, this sounds so tempting and you may not feel patient to learn about it as soon as possible. So, here it is.
- Go to ATM or Financial Institution
As mentioned before, you can use this benefit by going to the ATM or financial institution. Just make sure that the ATM or financial institution can deal with the transactions by using your credit card company. It is going to be pointless if they can’t do it. And before you carry on, actually you will be charged with a fee and later on, the high interest rate will be applied whenever you have got the cash. Therefore, before you do it, it’s actually a good idea for you to think about this matter even further. If you are sure about it and is ready, here’s what you should do next.
- Check Your Financial Record
It’s necessary for you to know your latest credit card statement. It’s important to let you know about the amount of cash you can withdraw and at the same time, you also need to know the terms in order to give consent about when you are going to get the cash advance. Remember that the cash advance limit can be the same with the whole credit limit which is available. But it can also be in a relatively smaller amount. It’s all depending on the credit card that you have. If you get the cash advance, you will be charged with one-time fee. And like what has been mentioned before, there will be a very high interest rate you need to deal with later on.
- Learn about Your PIN
Your Personal Identification Number or PIN may not be needed whenever you are going to deal with transactions using credit card. But, you will need it to get the cash advance. If you don’t remember it, it is the time for you to call your credit card company.