Cash advance credit card is a type of short-term loan that a borrower can get in the bank, ATM, or online from the peer-to-peer or direct lenders. Cash advance on a credit card is very similar to payday loans. Still, the possible loan amount can be bigger and the borrower doesn’t have to pay the debt off strictly until the payday.
If you apply to the bank to get a credit card cash advance or withdraw cash from the ATM, you should be ready to the fees. Some companies charge credit card cash advance fee along with the finance charges and interest if you miss to pay off the debt until the next billing cycle begins.
Some companies also have higher interest comparing to the interest on regular conditions. In the result, the cost of such loan can be higher than you expected.
Get cash advance on a credit card with no pin
There are two common ways to get a cash advance on a credit card without a pin. Firstly, you can mention all details related to your credit card:
- Credit card number
- Name of the bank
- Name of the account holder
- Card number
- Expiry date
- Expiry year
- CVV number
If mentioning these details is impossible, you can turn to the card company and get a new pin. Still, this method follows the high interest and additional fees.