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Written by: alondra on 2008-05-17
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alondra's review: 
I was approved for this card a month a go. American xpress is great. I just have some doubt, call cs did not answer my question. On the summary of this card say no charge of anything include cash advance. When I call cs they are saying there is charge for finance but not for the cash advance, any body please xplain to me, don't understand. Thanks I know iam going to get good answers in here!!!
I was approved for this card a month a go. American xpress is great. I just have some doubt, call cs did not answer my question. On the summary of this card say no charge of anything include cash advance. When I call cs they are saying there is charge for finance but not for the cash advance, any body please xplain to me, don't understand. Thanks I know iam going to get good answers in here!!!
5 Comments
Comment 1 by rockin35
Clarification 
on 2008-05-17
Help me understand the question a little better. Are you asking if there is a Fee for Cash Advances when you use the card to get money at an ATM or for any type of cash advance?
OR
Are you asking if there are Finance Charges applicable for cash advances during your promotional period?
Rockin35!
on 2008-05-17 Help me understand the question a little better. Are you asking if there is a Fee for Cash Advances when you use the card to get money at an ATM or for any type of cash advance?OR
Are you asking if there are Finance Charges applicable for cash advances during your promotional period?
Rockin35!
Comment 2 by hjm331
RE: Alondra on 2008-05-17
There's always a charge for cash advances and it is very high. The lowest cash advance fee I have seen is 21.99% on every transaction.
However, finance charges are for purchases. Sometimes cards will have promotions where they won't charge you interest for a period of time. I have never seen that for cash advances.
on 2008-05-17 There's always a charge for cash advances and it is very high. The lowest cash advance fee I have seen is 21.99% on every transaction. However, finance charges are for purchases. Sometimes cards will have promotions where they won't charge you interest for a period of time. I have never seen that for cash advances.
Comment 3 by rockin35
Cash Finance Charges on 2008-05-17
There is always a fee/% on cash advances regardless of promotional BT apr's that sort of thing. You can have balances transferred and make huge purchases for however long your promotional offer is good for at 0 percent.
The cash advances are always attached to a financial percentage, sorry I'm not able to tell you how much though. I have the American Express Blue Card, with 0 percent on BT/purchases, but my cash advance percentage from activation date is 21.74 percent.
Hope this helps.
Rockin35
on 2008-05-17 There is always a fee/% on cash advances regardless of promotional BT apr's that sort of thing. You can have balances transferred and make huge purchases for however long your promotional offer is good for at 0 percent. The cash advances are always attached to a financial percentage, sorry I'm not able to tell you how much though. I have the American Express Blue Card, with 0 percent on BT/purchases, but my cash advance percentage from activation date is 21.74 percent.
Hope this helps.
Rockin35
Comment 4 by meya
Re: Alondra on 2008-05-17
Hi Alondra, I moved your posting over to
http://www.Financeglobe.com/SocialNet/index.php?page=forum§ion=topic&top_id=100461
This is the thread where we all ask questions about a specific credit card. Thanks!
on 2008-05-17 Hi Alondra, I moved your posting over to http://www.Financeglobe.com/SocialNet/index.php?page=forum§ion=topic&top_id=100461
This is the thread where we all ask questions about a specific credit card. Thanks!
Comment 5 by rivasglo
RE: Alondra on 2008-05-17
The Amex website says: No fees of any kind - no annual fee, no late fees, no over-limit fees.
But I'm sure they are finance charges if you don't pay in full by the duedate or b4 the grace period is over. Find out what your Cash APR is... Which is usually very high. The lowest I have is 16.80% on my Capital One Card.
on 2008-05-17 The Amex website says: No fees of any kind - no annual fee, no late fees, no over-limit fees.But I'm sure they are finance charges if you don't pay in full by the duedate or b4 the grace period is over. Find out what your Cash APR is... Which is usually very high. The lowest I have is 16.80% on my Capital One Card.
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Disclaimer: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by American Express. Review content is powered by Finance Globe.
