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A cash advance on a credit card is a service that allows cardholders to withdraw cash from their credit card account. There are several advantages to getting a loan from a bank. As a result, they may be able to offer lower interest rates on personal loans than banks or other for-profit lenders.
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However, it is important for borrowers to be mindful of their spending when using a revolving credit line. It's generally a good idea to keep your credit utilization below 30%. This means that the online borrower will pay less in interest over the life of the loan with a credit card cash advance.