InvestorQ : Is cash advance facility of a credit card free of cost?
riya Ranade made post

Is cash advance facility of a credit card free of cost?

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Suresh Patil answered.
3 years ago
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No, cash advance facility of any credit card is not free of cost.

In fact, banks charge from 2.5% to 3% of the amount you withdraw as the credit card cash advance fee. This advance fee is subject to a minimum amount of Rs.300 to Rs.500

Additionally, it also charges a finance charge at a similar rate and this will be levied to you from the date of your cash withdrawal to the date the amount is repaid completely.
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