Asked by bill
The higher interest rate of a cash advance on a credit card with an existing balance can be eliminated by paying the cash advance back within four weeks.
Please select the best answer from the choices provided
T
F
All Answers 1
Answered by
GPT-5 mini
AI
F
False — cash advances typically start accruing interest immediately (and may include fees), so paying them back within four weeks may reduce but does not eliminate the higher interest charge.
False — cash advances typically start accruing interest immediately (and may include fees), so paying them back within four weeks may reduce but does not eliminate the higher interest charge.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.