Credit Repair Information, FREE Credit Card Application Center, Low Interest, money back guarantee, debt consolidation, and website credit!

Credit Card Offers

0% Balance Transfer 0% Balance Transfer
Credit Cards for Bad Credit Bad Credit Credit Cards
Credit Cards for Bad Credit Pay Day Loans
low interest rate credit cards Low Interest Cards
cash back and rewards cards Cash Back & Rewards
airline mileage credit cards Airline Mileage Cards
business credit cards Business Credit Cards
student credit cards and information Student Credit Cards
Auto & Gas Cards
 

MasterCard Cards
Citibank Credit Cards
Chase Credit Cards
American Express
Discover Credit Cards

Extras:
Credit Cards for Bad Credit
Student Credit Articles
Credit Cards for Bad Credit Mortgage Calculators
Credit Cards for Bad Credit
Tax Help Information
Credit Cards for Bad Credit
Consolidating Your Debt

Credit Card Issuers

- Chase Bank Credit Cards
- Citi Bank Credit Cards
- American Express Cards
- Discover Credit Cards
- Mastercard Credit Cards

 

Special Credit Offers

Credit Repair
Earn a College Degree
Background Checks
FREE Cash Advances
Free Credit Report
Get a Car Loan
Are You Single?
Lose 20 Pounds Now!
Life Insurance Quotes




Campus Cash Advances: A Great Roommate or a Hated Foe?

Your roommates are ordering pizza while they study for finals. Do you have some cash to chip in? You know pizza sounds great, but you don’t have any money on you. Luckily, there’s an ATM on the first floor. You grab your credit card and head down to take out some cash. Or do you?

 

Cash advances from your student credit card are easily one of the most tempting features offered. They’re great for late night pizza or anything else you need, but are they really a good idea in the long run? Most credit experts will tell you that they’re only a good idea if you know what you’re getting yourself into.

 

When you take a cash advance from your credit card, special fees and rates apply that don’t necessarily apply during the course of a normal purchase. First, think about this. While you may have just gotten your student credit card, and you may have been enticed by the grace period, there is no grace period when it comes to cash advances. You’ll pay interest on that money the second it leaves the ATM.

 

Second, the fee you’ll pay for that pizza money will vary from credit card company to credit card company, but in almost all cases, it’s going to cost you quite a bit. The industry actually has two standards here. First, some cards have a fee that ranges from one to four percent. The other method is to charge one standard fee for an advance of any amount. That means that whether you get ten bucks or a thousand, you may be paying as much as five percent on that money. One sad industry trend, though is to use both methods. Many card companies have decided that they’ll charge you a certain percentage based on the amount of the advance, but they’ll also charge you a minimum service fee just for getting the advance itself. The best way to know exactly how much that pizza is going to cost is to read the fine print of your credit card agreement.

 

Third, you have to factor in the interest rate that you’ll pay over time on that cash advance. Most student credit cards have an interest rate that is much higher for cash advances than it is for normal purchases. While your APR may just be 15%, the APR for your cash advance might be as high as 30%. Moreover, because of the way some student credit card companies handle payments, the minimum payment you’ve just made to your account won’t be applied to the cash advance until the other purchases are paid off. That means you’ll continue to pay the higher interest rate on the pizza money.

 

If you think you’ll need regular cash advances from your student credit card, look for a card that was designed for that. You’ll want low rates and fees surrounding your cash advances, or that pizza may cost more than your entire education.




EXTRAS: FREE MORTGAGE CALCULATORS - CLICK HERE

More Helpful Articles >>>


Student Credit Cards Promotion

More Student Credit Card Articles >>>


“I have saved hundreds of dollars on interest alone. Also I didn’t have to file for bankruptcy, so that was a plus without a doubt. Thank you, LetsGetCredit for being there when I needed help.”

S.C. Dallas, TX

“I was dangerously overburdened with credit card debt. Though legally I could have declared bankruptcy, I felt it would be more proper to find a way to pay off these debts. Through your organization, I was able to pay off my debts and manage my income more effectively.”

S.K.G. Glenview, IL

LetsGetCredit.com has given me hope. I can see the light almost at the end of the tunnel. It has also given me the insight as to how to stay out of debt in the future.”

– A.W.S. Winston-Salem, NC

More Testimonials >>>



Earn Your Degree NOW! - Earn your Degree Now and Enhance Your Career. Flexible Online and Campus Programs Available. Request Info Today. It only takes A Minute. Earn your DEGREE on your own terms...

GET CASH INSTANTLY - - Apply For a Fast Pay Day Loan Up to $1500! Get the Cash you need by TOMORROW! Apply Now!

FREE Credit Report - What does your credit score say about you? Get your credit score instantly! The average U.S. credit score: 675. How do you compare?

Apply for Unsecured Credit Now - Apply now for unsecured imagine gold mastercard credit card. Three financial offers in one application, credit cards and cash.

Additional Offers >>>


  • Cancelling Your Credit Cards - Canceling credit cards is not always a wise option. You may think it will improve your overall credit report score; however...

  • 0% APR Saves You Money- If you have a credit card, which most of us do, then you’re probably paying your fair share of interest on your debt.

  • Your Credit Score - Just how important is your credit score, you may ask? Well, it is very, very important. Your credit score is the main thing that will