What it means
Withdrawing cash using a credit card. It usually carries a fee and interest from day one.
Credit Cards
Cash Advance
Withdrawing cash using a credit card. It usually carries a fee and interest from day one.
CategoryCredit Cards
Pro tip inside1 quick win
What “Cash Advance” really means
The meaning, how it works in the UAE, and why it matters to your money.
How it works in the UAE
A cash advance is taking cash out on your credit card, at an ATM or counter. Banks usually charge a fee and interest from the day you withdraw.
Why it matters
It is one of the most expensive ways to borrow, and there's no grace period.
PRO TIPUse a debit card for cash, and keep an emergency fund instead.
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A zero annual fee credit card can reduce one recurring cost, but that does not make the card completely free. Other fees and conditions still matter.
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Run your own numbers and see how Cash Advance affects you.