Which of the following is not true regarding cash advances on credit cards?
A) They are treated just like other charges on your credit card.
B) There is a charge for interest from the time you take the advance to the time you pay it off.
C) There is also a transaction fee on most cash advances.
D) The grace period does not apply to cash advances.

Question

Quizplus · Accepted Answer

Cash advances on credit cards are not treated just like other charges. They often incur higher interest rates from the moment the cash is withdrawn, have additional transaction fees, and do not have a grace period for interest accrual, unlike regular purchases which might have a grace period before interest starts accumulating.

Which of the Following Is Not True Regarding Cash Advances