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And if you live in a rural area, it can be hard to find a traditional lending place nearby. One of the andrews main advantages of a cash advance on a credit card is that it provides access to cash in a pinch, even if the cardholder does not have enough money in their checking or savings account. Overall, while both credit card cash advances and payday loans can provide access to cash in a pinch, credit card cash advances offer several advantages over payday loans, including lower cost, easier qualification, and greater flexibility.
There are several advantages of a credit card cash advance over a payday loan. If the loans borrower consistently maxes out their credit limit and carries a high balance from month to month, they may end up paying more in interest and fees over time.
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