Which of the following is not correct about cash advances?
A) There is no grace period for cash advances.
B) The interest rate for cash advances is higher than for purchases.
C) A cash advance is like a loan.
D) A transaction fee of 5% may be charged.
Correct Answer:
Verified
Q25: Some credit cards offer card users cash
Q29: Credit has its advantages and disadvantages. Which
Q31: MasterCard, Visa, and American Express credit cards
Q37: In comparing credit cards to other forms
Q38: Prestige cards always charge higher interest rates,but
Q40: The annual percentage rate (APR)on credit is
Q44: In comparing credit cards to other forms
Q47: Which of the following is not true
Q51: Even if you cannot pay your credit
Q56: Cash advances are
A) a good way to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents