Question

Which of the following is not a disadvantage to cash advances on a credit card? a. cash advances are similar to loans in that they need to be paid back with interest. b. cash advances require a lot of paperwork and are generally difficult to get. c. cash advances are often the last thing to be paid when paying off your credit card. d. cash advances often come with an interest rate much higher than your credit card. please select the best answer from the choices provided. a b c d

Answer 1

It is not a disadvantage that a. cash advances are similar to loans in that they need to be paid back with interest.

What is cash advance on a credit card?

A cash advance on credit card is can be described as a short-term cash loan secured by the credit line on your credit card.

In addition, cash advances, like loans, must be repaid with interest, which is not a disadvantage.

Most credit card including charge card providers will give their customers a cash advance if they ask for one, and this is going to be their credit limit.

Learn more about cash advance here: https://brainly.com/question/13012797.

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