The temptation of getting cash out from the ATM via your credit card cash advance facility is truly quite difficult to resist. It may, at first, seem to be very convenient. However, before you take the bait, think about how it will get you into debt plus higher interest charges on your next billing statement.

Borrowing money through cash advances is never a good idea, unless, you badly need it for legitimate emergencies. Legitimate in the sense that the money is meant to be used in life or death situations. If you are thinking of getting a cash advance just to purchase for the purpose of luxury, turn your back on that ATM immediately.

Did you know that unlike regular credit card purchases, cash advances do not usually have grace periods. Furthermore, credit card issuers, more often than not, charge higher interest rates, 2% of total typically, on cash advances.

If you are not comfortable with carrying cash all the time but would like to avoid getting into debt, then a bank debit card is your perfect alternative. Moreover, you may also use your debit card to withdraw from ATMs just like when you opt for a cash advance.

You may also use your debit card to purchase directly from stores minus the fees or interests. There are even some stores that offer cash back on debit card purchases for a small fee.

It pays to be smart financially in these difficult economic times.

For more great credit tips and news tune in to The Graceful Credit Show live every Sunday at 3:00pm EST on WCHB News Talk AM 1200.

GCS Credit Advisors are experts in Personal Credit Restoration, Business Credit Building, and Credit & Debt Counseling. GCS is committed to helping people obtain the credit needed to reach their financial goals through trusted methods that guarantee results.

In order for us to get a jump start in helping you reach your goals and better help service you visit GracefulCredit.com, click on Quick Quote, and schedule your free consultation today.

Graceful Credit Solutions, Because He Has Been So Graceful To Us.

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