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Which of the following statements is not true of cash advances?
a.
Credit card companies offer easy access to cash through ATM’s or checks that can be written to yourself and cashed.

b.
Credit card companies apply payments to cash advance balances first because the interest is higher.

c.
The APR of a cash advance is higher than that of regular credit card purchases.

d.
Credit card companies place limits on the amount of cash you can receive through a cash advance.

Respuesta :

ogorwyne

The false statement about credit card advances is that: The APR of a cash advance is higher than that of regular credit card purchases.

What is a credit card advance?

This is a term that is used to describe the withdrawal of money from your own credit card.

A person would do it as a way of borrowing money against their credit card so that they would have money at hand.

Read more on credit card here: https://brainly.com/question/6872962

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