Do you know what is the interest rate charged by the banks on top of cash advance fee?

It's 18% p.a charged in daily basis from the day of withdrawal.

Are you sure that you're giving out a good advice here?

So this interest rate has no concern at all?

If it's for business trip and fully reimbursed by the company, I don't care about it.

But if it's for personal, cash advance is a big NO due to it's ballooning interests.

Cash installment plan is an alternative at a lower interest rate but still not strongly encourage too.
Unless you have pretty solid reason to do so.

The best is to swipe first and balance transfer to another bank.
Or convert the purchase into installment.

This post has been edited by David83: Mar 3 2019, 07:33 PM

Isn't taking personal loan would be better than standard cash advance facility?

And you're asking how to take advantage of this cash advance facility?


This post has been edited by David83: Mar 3 2019, 07:36 PM

This thread is really making my jaw dropped down to the floor.

TS is right, it's a personal preference which is none of my business.

I apologize and I won't reply further in this thread.

Wish TS good luck and hope you don't end up at AKPK.

This post has been edited by David83: Mar 3 2019, 07:47 PM