They may apply monthly payments toward purchases that have a lower interest rate. Card issuers apply a cardholder’s minimum payment as they see fit. Paying the minimum balance every month may not count toward a cash advance.A cardholder’s debt can quickly spiral if the cash advance is not paid off as soon as possible. Interest fees count toward a cardholder’s credit utilization rate, which is best to keep below 30%. Because interest for cash advances accrues immediately, there’s a serious risk the cardholder will rack up interest before what is borrowed can be paid off.
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