Question:

Is my Credit Line for Cash Ontop of My Total Credit Line?

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Total Credit Line: 300

Available Credit for Cash: $150

Credit Line for Cash: $150.00

Is the $150 part of my $300, or can I charge up to $300 ANDDD get a cash withdrawal?

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5 ANSWERS


  1. That is part of your credit line. If you take 150 in cash you will 150 left on your credit line


  2. Nope.

    Just saying you can only use half your total (300.00) line as cash withdrawl.

  3. No.  Your credit line is a total of $300.  That means your limit is $300.  You can either buy up to $300 in merchandise or get the cash instead.  The $150 means you can only take out up to max of $150 cash in one day.  So you go back the next day and take out the rest.

  4. it is part of your credit line.  If you use $150 for cash then you only have $150 available for credit

  5. No, your credit limit is $300 combined.

    But BEWARE of those cash advances, they charge a higher interest (much higher) and there is a little secret many credit card companies have.  They decide how much of your monthly payment is applied towards the cash advance.

    In other words say you owe $200 on charges and $100 on a cash advance.  You make a payment of $150, well 98%  usualy is applied towards the purchase balance and the rest is applied to the cash advance.

    This means the cash advance is the last to get paid off.  If you pay your ballance in full every month, then there is no problem.

    Read the fine print from the CCC, it states they determine the amounts to be applied to cash advances.

    This also includes those "checks" they  send all the time, it's a ploy to get you to use them because they are considered a cash advance.

    Hope this answers your question.

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