What is a cash advance?
A cash advance is when you withdraw cash from your Credit Card via an ATM, at a branch or when purchasing goods if the merchant allows you to do so. Online payments and/or transfers from your Credit Card online are also considered cash advances.
Cash advances can also be when you make online or phone payments with a merchant that doesn’t accept credit cards payments.
Cash advances incur interest with no interest free period. 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 on our website.