Cash Advance, facility can be availed by the credit card users. Credit card users can avail loan against the line of credit available on their credit card. Cardholders can withdraw cash, either through an ATM or over the counter at a bank, up to a certain limit or against the credit limit available to them. For a credit card, this will be the credit limit (or some percentage of it). These loans are mostly with higher-than-normal interest charges and sometimes, even carry daily interest charges.

Though Cash Advances come to rescue in hard times, without much formality, they are with high interest rates and should be applied cautiously.
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