Cash Advances on Credit Cards Cash Advances do not get Float or Grace period. If you take a cash advance on your Credit Card interest will start being calculated the day the cash advance is processed. You will not get the float or the grace period on the cash advance and some card issuers will not give you float or a grace period on other charges you made after the cash advance. Cash Advance Special Promotions Sometimes in special promotions you can get a cash advance with zero interest. However there is always a "processing fee" usually of 3% or $5 whichever is larger. The interest free period on most of the zero interest promotions will be 12 to 18 months. However with most of these offers if you miss a payment your rate will jump to your normal rate on this card of 16-25 percent. My History with Zero Interest Credit Card Offers I used to buy inventory for my business with credit cards. I would often get Zero Interest offers from some of my cards. Usually they had a t...
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