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Everything You Need To Know About BPI Credit Card Cash Advances

What is a Credit Card Cash Advance?

A credit card cash advance is a way to borrow money against your credit card limit. You can use a cash advance to get cash from an ATM, bank teller, or other financial institution. You'll have to pay back the cash advance amount, plus interest and fees.

How to Apply for a Cash Advance

To apply for a cash advance, you'll need to contact your credit card issuer. You can usually do this by phone, online, or at a bank branch. You'll need to provide your credit card number, account number, and the amount of money you want to borrow.

Costs of a Cash Advance

There are several costs associated with cash advances. These costs can vary depending on your credit card issuer. Some of the most common costs include:

  • Cash advance fee: This is a fee that is charged when you take out a cash advance.
  • Interest: You'll be charged interest on the amount of your cash advance, starting from the date you take it out.
  • Transaction fee: This is a fee that is charged when you use your credit card to make a purchase or withdraw cash at an ATM.

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