Credit cards can be a useful way to manage your monthly finances, spread the cost of a big payment, or get rewards or cashback for your spending.
Cash advances from a credit card can be expensive – so don't consider withdrawing cash on your card unless it's an absolute last resort.
While cash advances primarily consist of withdrawals at the ATM, there are other payments that may be considered a cash advance. These include:
Withdrawing cash on your card can be expensive. Below we are six factors to consider:
If you find yourself in a situation where you must withdraw cash, try to minimise its effects by following these tips:
Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.