INTERVIEW QUESTIONS LOAN CREDIT CARD LOAN DETAILS

Question: What are Cash Advance Fees applied on Credit Cards?

Answer: On withdrawal of cash from an automatic teller machine using your credit card, cash advance fees are payable. Cash advance fees are very high and are mostly in the range of 2.5% per transaction subject to a minimum of around Rs.100. This facility should be used prudently, as the interest rate is very high, usually around 38%.

On withdrawal of cash from an automatic teller machine using your credit card, cash advance fees are payable. Cash advance fees are very high and are mostly in the range of 2.5% per transaction subject to a minimum of around Rs.100. This facility should be used prudently, as the interest rate is very high, usually around 38%. Source: CoolInterview.com

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