Credit Card Cash Advance: Avoid This Costly Trap! 3 Ways Your Wallet Gets Drained

• Cash advance fee (2-3% + minimum ₹300) is applied instantly upon withdrawal from ATM.
• No grace period for interest; 24-36% annual interest starts accruing immediately on cash advances.
• An additional 18% GST is levied on both the cash advance fee and the accumulated interest.
• Withdrawing ₹20,000 can quickly cost over ₹21,000 due to combined fees, interest, and GST.
• Frequent cash advances negatively impact your CIBIL/credit score, indicating financial stress.

Why It Matters: Credit card cash advances are expensive due to immediate fees, high interest, and GST; avoid them.