Interest. This can be costly in two ways. First, the interest rate that a credit card charges on cash advances is often much higher than the rate charged on purchases. Second, interest on cash advances usually starts accruing immediately. Theres no grace period like you can get with purchases. Given the costs associated with taking a cash advance, you should take it as a sign that youre in dire financial straits if youre considering one. Cash advances should be used only in extreme emergencies.
3090 Richmond Rd Lexington, KY 40509. University Of KY Federal Credit Union. 2557 Sir Barton Way Lexington, KY 40509. Members Heritage Federal Credit Union. 3301 Leestown Rd Lexington, KY 40511. Central Bank Trust Co. 300 W Vine St Lexington, KY 40507.
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