As the economy slowly starts to rebuild itself, many people are still finding themselves low on cash. In many cases, they will come to rely on cash advances to get them through tough financial times.
If you are like many people, you rely on your credit card to pay bills and buy the necessities. However, if you are using your credit card for regular cash advances, you should be warned that this is not a wise financial move. Since the credit card companies do not see cash advances as regular purchases, you will pay penalties for them. Your credit card company will likely charge you a higher fee for each cash advance, as well as a higher interest rate. Not only that, but the ATM machine you use is also likely to charge you an extra fee for each cash advance as well.
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