What is a cash advance APR?

A cash advance APR (annual percentage rate) is an additional fee that applies to cash advances made with a credit card, such as withdrawing cash from an ATM. This additional fee is in addition to the regular interest rate applied to other purchases and balances. In the state of New York, the cash advance APR is typically higher than the APR for purchases and balance transfers. The APR for cash advances can vary depending on the type of card, the bank, and the creditworthiness of the cardholder. Generally, the higher the APR, the more expensive the loan or cash advance will be. Cash advances often come with steep fees which are typically a percentage of the total loan amount. In New York, the APR for cash advances is typically much higher than the APR for purchases and balance transfers, so consumers need to be aware of this before taking out a cash advance. It is important to carefully review the terms and conditions of your credit card before taking out a cash advance so that you understand the potential costs.

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What is a cash advance APR?

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