What is a cash advance APR?

A cash advance APR (Annual Percentage Rate) is a type of interest rate charged by credit card companies on any cash advances made using a credit card in Delaware. This type of APR is usually higher than the regular APR for purchases and is meant to discourage cash advances. Cash advances usually involve withdrawing money from a credit card at an ATM or bank, or through payday loans and online money transfers. To cover the costs of cash advances, credit card companies charge a cash advance APR which is usually higher than the regular APR. This means that when the card holder pays off the cash advance, they will end up paying more in interest charges than they would for a regular purchase. Cash advance APRs can vary from card to card and from lender to lender, so it is important to read all of the terms and conditions that come with the credit card. It is also wise to be aware of how much interest is being charged for any cash advances, so that the cardholder can manage their spending and repayment of the cash advance more efficiently. Paying off the cash advance balance will also help to avoid additional fees, interest charges, and damage to credit scores.

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What is a cash advance APR?

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