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The higher interest rate of a cash advance on a credit card with an existing balance can be eliminated by paying the cash advance back within four weeks.


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2 Answers

6 votes

The answer is False.

User Zihan
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7.2k points
1 vote

Answer:

The correct answer is false.

Explanation:

The higher interest rate of a cash advance on a credit card with an existing balance can be eliminated by paying the cash advance back within four weeks is false. This is not the way in which banks work and the initial given rate is not changed throughout the tenure of the loan/balance.

User Luis Artola
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6.2k points