How to Avoid Taking Cash Advances

Reporter: Sheryl Nance-Nash

Publication: Newsday


Deadline: May 24, 2017 12:00 pm

ance APR is 23.68%, much higher than the average purchase APR of 15.79%. Furthermore, none of the cards offer a grace period for cash advance transactions like they do for traditional credit card purchases, meaning borrowers instantly start accruing interest. I want to hear from certified financial planners and other financial experts, especially from Long Island and the NYC metro area. What are some smart ways to get cash, rather taking a cash advance? How best to avoid having to take one? Send me your thoughts.

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