Credit card cash advance fee: Why is it so high and is it worth it?

Credit card cash advance is one of the most expensive ways to borrow. Most banks charge 2.5-3% of the amount as cash advance fee, with a minimum of Rs 250-500. Interest starts accruing immediately at 2.5-3.5% per month with no interest-free period. HDFC charges 2.5% (min Rs 500), ICICI 2.5% (min Rs 300), SBI 2.5% (min Rs 199).

Credit card cash advance is one of the most expensive ways to borrow. Most banks charge 2.5-3% of the amount as cash advance fee, with a minimum of Rs 250-500. Interest starts accruing immediately at 2.5-3.5% per month with no interest-free period. HDFC charges 2.5% (min Rs 500), ICICI 2.5% (min Rs 300), SBI 2.5% (min Rs 199).

Credit card cash advance is one of the most expensive ways to borrow. Most banks charge 2.5-3% of the amount as cash advance fee, with a minimum of Rs 250-500. Interest starts accruing immediately at 2.5-3.5% per month with no interest-free period. HDFC charges 2.5% (min Rs 500), ICICI 2.5% (min Rs 300), SBI 2.5% (min Rs 199).

Better alternatives for urgent cash: (1) Personal loan from your bank at 10-15% interest, (2) Overdraft facility on salary account, (3) Gold loan at 7-9% interest, (4) Borrow from family. Cash advance should only be used as a last resort when no other option is available.

Better alternatives for urgent cash: (1) Personal loan from your bank at 10-15% interest, (2) Overdraft facility on salary account, (3) Gold loan at 7-9% interest, (4) Borrow from family. Cash advance should only be used as a last resort when no other option is available.

Better alternatives for urgent cash: (1) Personal loan from your bank at 10-15% interest, (2) Overdraft facility on salary account, (3) Gold loan at 7-9% interest, (4) Borrow from family. Cash advance should only be used as a last resort when no other option is available.