When consumers take out cash advances, they are usually charged a higher rate. The cash advance rate is higher because these loans are viewed as riskier for banks. The interest rate is typically charged from the moment of the cash advance.

Definition The interest rate applied to amounts borrowed against a credit line via a cash withdrawal or cash advance check. This cash advance interest rate is generally 20-25%, much higher than the AP [..]

The interest rate charged on the cash received from a cash advance on a credit card. Typically, these rates are double the purchase or balance transfer interest rate.

The rate of interest charged for using the card for cash advances. There’s usually a fee charged for cash advances, and interest is charged from the date of withdrawal.

Cash advance rate is a specific interest rate charged for cash borrowings against a credit line or credit card account. In the case of credit card accounts, cash advances generally accrue interest cha [..]