Cash Advances Can Bring Rebates

It's true that when you use cash to pay for something, money is being spent. But when you think about it, savings also occur when anyone uses currency. Using the proceeds of a cash advance really is good for everyone involved in the transaction.

• It's accepted everywhere: Even though it seems retailers only take plastic, that's not the case. Cash is still king. It can be carried in a person's pocket easily enough that you don't have to drive all the way home if you forget to bring your wallet filled with credit and debits cards. Plus there is no need to show your identification to prove you are the credit card's owner. Cash is the only I.D. needed.
• No computers needed: Transactions with credit and debit cards require a merchant to be linked to a computer network. You can cut the cord with cash since there is no information that must be sent to the bank in order to approve the purchase. Without the need to scan a card, a purchase actually can go faster. Also, the merchant doesn't have to pass on to you the costs of participating in the system.
• There's no interest to track: If you buy something without using a credit card, there is no need to brace for the interest or other fees that the credit card company will tack on. Instead, once the purchase is made, there is no waiting for the bill to arrive. It's one less debt with interest - sometimes high interest - that needs to be handled.
• No late fees: It's easy sometimes to forget to send a payment for a charge account. There are so many demands in society today that paying a bill sometime escapes our memory. With cash advances, the obligation is settled on the spot. There is no need to remember paying a bill because there is no bill. That means there is no risk that a late fee could be charged if your check arrives late at the creditor's offices.
• Annual fees: Some companies charge annual fees for the privilege of using the credit cards they issue. That fee can be as high as several hundred dollars -- or even more. There is never a fee charged to use cash because you never need to pay for more than the face value of cash to use the money in transactions. Cash is fee-free.
• When it's gone, it's gone: Using cash means there is no watching the credit limit during a shopping spree. When it runs out, the buying is done for the day. There is no further temptation to get something else because the bill won't arrive until next month. Having no money means there will be less chance for buyer's remorse later when you realize you don't like that skirt you bought last because it really does make you look fat.