Credit cards charge different interest rates for different types of borrowing, such as purchases, cash advances and balance transfers. It said 76% of credit cards cleared debts on cash advances last, with this type of borrowing generally having the highest interest rates at an average of 23. It said most cards repaid fees for late payments first, followed by balance transfers, purchases and finally cash advances, although the payment order could vary. If you do want to use your card for cash withdrawals or purchases there are some cards that’ll help you pay those off first to help you avoid prolonging the interest incurred. read more

Filed in: Help With Cash Advances