Credit cards offer ________ so you can withdraw money instantly.
Click on the arrows to vote for the correct answer
A. B. C. D.D
The correct answer is D. Cash advance.
A cash advance is a feature offered by most credit card issuers that allows you to withdraw cash from an ATM or a bank branch using your credit card. The amount you can withdraw depends on your credit limit and the cash advance limit set by your issuer.
It's important to note that cash advances usually come with a high-interest rate and additional fees, such as transaction fees and cash advance fees. These fees can make cash advances an expensive way to access cash.
Furthermore, unlike purchases made with a credit card, cash advances usually start accruing interest immediately, so it's important to pay off the cash advance balance as soon as possible to avoid accumulating high-interest charges.
Therefore, while a cash advance can provide a convenient way to access cash when you need it, it's generally recommended to avoid using this feature unless it's absolutely necessary and to pay off the balance as soon as possible to minimize the interest charges and fees.