How to Save on Credit Cards

Some credit cards offer a cash advance option. But how much?

Not much. In fact, it can be really expensive.

Why?

Because every time you use your credit card to withdraw case, more fees kick in:

- Cash advances can make an advance payment of 2-4 percent of the advance.

- The advances have a higher interest rate than regular card charges.

- The interest charges begin to mount as soon as the money comes from the ATM.

- Many issuers also require you to pay the balances for purchases before cash advances reduce high interest balance.

Here is an example of how these fees kick in:

Suppose you bought a TV for $ 500 on your card, then left $ 50 in cash. Even if you pay the $ 50 the next day, you still lose the interest free period because the supplier credit, you pay cash final judge.

Therefore, still owes $ 50, but now have $ 450 in $ 500 worth of purchases.

You still lose your interest free period until you have paid the full $ 550. Future purchases will still be ahead of the $ 50 in the line of recovery.

The lesson is simple: Avoid using your credit card to withdraw money whenever possible. Save money on!