Thursday, April 15, 2010

What constitutes a cash advance on my credit card?

I just want to know how my statement continues to reflect a cash advance balance when, to my knowledge, we've not used our credit card to obtain hard cash.

What constitutes a cash advance on my credit card?
the checks that you get in the statement are also cash advance checks but with a lower rate, or if you EVER made a cash advance with your credit card and haven't paid the full balance of that advance, its still going to reflect on your bill. if you are 100% sure you didn't do one, put in a claim and you will get your money back.
Reply:Have you ever used your credit card to make a payment at your financial? At the credit union I work at, if someone wants to use their credit card to make a loan payment or even put money in their account, we swipe their card as a cash advance. The checks that you get with your credit card statement are the same as a cash advance, I believe, so be careful! I would call the credit card company and ask when the cash advance was done and double check your statement for that month.
Reply:One would have to see your statement to properly answer your question. Is what you are refering to a statement which says you may draw down what is indicated as a cash advance?


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