Five mistakes not to make while using a credit card(4/5)
4.Making cash advances
A cash advance is a withdrawal or a short term loan against your credit card account . Its best to avoid making such withdrawals as they are sometimes subject to higher APRs than your regular APR. It could also be subject to a transaction fee which usually is a percentage on the withdrawal amount.
It is advisable to take a personal loan as it costs less .
The APRs for cash advances are shown in the following table :