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What is a cash advance?

What is a cash advance?

A cash advance is when you withdraw cash from your credit card Account via an ATM, at a branch or when purchasing goods if the merchant allows you to do so.

Cash advances can also be when you make online or phone payments with a merchant that doesn’t accept credit cards payments. Your purchase will go through but these transactions will be treated like a cash sale.

Also, if you transfer from your credit card account into another account, or to another financial institution, and if you use your credit card for gambling purposes these transactions are also considered to be a cash advance.

Interest starts calculating from the day you make the withdrawal. In addition to interest, there are other fees that apply to Cash Advances. You can find the current fees in our credit card fee and charges flyer.