Did anyone got an emergency cash advance of their visa? I want to apply for emergency cash advance on my visa, do I pay the balance of it or the minimum payment and they ask what kind of emergency it is and what I do have evidence of emergency.
If you have credit lines available for a cash advance, you will get money. They do not care what the money is for. You may be a fee, usually about 3% will go into your account and interest will be the rate for cash advances usually higher. There is no grace period. Interest begins to accrue immediately.
You can pay with only minimum payments, although it would be wiser to repay quickly. Credit cards are not long-term financing. They should be for practical reasons in the short term.
Posted on March 13, 2010.
