Credit Card Question?

PLEASE DON'T DO THAT!

First of all, your using the credit card is like taking out a loan anyway. To get a cash advance off of that (you could go to an ATM and withdraw cash, and that lowers your available credit while increasing your balance due) is like taking out a second loan with a HIGHER interest rate, and your first loan (credit) will not be paid until you pay off the second (cash).

That means any payment you make is truly not paying off the card at all. I can't even begin to tell you how bad an idea that is.

JUST DON'T DO IT, OK? I don't use credit cards anymore, but whenever I got PIN letters, I would shred them. Same went for the blank checks I'd get in the mail -- shred them!

Well cash advance is a loan that's taken out on a line of credit or a credit card. In general, cash advances do not have an initial grace period during which interest charges do not apply, and so the borrower will usually incur financing charges from the first day of the cash advance until the day that it is repaid.

Most people use it only in case of emergency.

Just say no!!! You get a pin number, and you can get cash from an ATM w/ your credit card. I've heard of people paying 200% interest back and other crazy numbers. You're charged a lot to do that.

it means that they will give you the option of using your credit card to withdraw cash from the bank machine just like if it was a bank account . ( If you choose this option be careful... as cash advances usually have a higher interest rate than normal charge transactions do)