Originally Posted by
StuckInYYZ
Out of curiosity, do cash advances (taking money out via credit card) charge a daily interest in the US? They do in Canada (usually resulting in taking the money out, then scrambling to find a way to call home to get someone to put the money back into the account)
yeah, as far as I know. I think they start the clock just like if you were carrying over a balance and they start charging you average daily interest rates.
I think in this case, I was using my BofA visa and it had a small balance on it (like $15), so the interest wasn't too bad. I paid it off quickly.