what is a cash advance on a credit card

A cash advance on a credit card allows cardholders to borrow money against their credit card account's line of credit. This is essentially a short-term loan that provides immediate access to funds, but it comes with higher interest rates and additional fees compared to regular credit card purchases. The amount borrowed through a cash advance is added to the credit card balance, and the repayment terms and costs vary by issuer. Cash advances can be obtained through ATMs, banks, or by using special checks, and they may also include other transactions such as using the credit card to transfer money to friends, paying down debts, or exchanging currency. It's important to note that cash advances should only be used in emergencies due to their higher costs and fees