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Never withdraw cash using your credit card

Never withdraw cash using your credit card

Thursday, March 23, 2017, 6:53 PM

Banks charge cash advance fees for withdrawing cash through credit cards. This fee can be as high as 2.5% of the withdrawn amount. Cash withdrawals through credit cards attract finance charges right from the day of the cash withdrawal till the date of repayment. Withdraw cash through credit card only when it is totally unavoidable and repay the entire amount as soon as possible.
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