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Cash Advances - and why you should avoid them
Using your credit card for a cash advance can be a very expensive way to get your hands on some cash. Cash advances are treated differently from purchases made with your credit card – and that difference can end up costing you in extra fees and interest.
In this article we’ll explain what a cash advance is, what it means for you, and how to avoid making them – and save money in the process.
Information in this article refers to personal credit cards, is general in nature only and does not take into account your personal objectives, financial situation or needs.The information may not reflect how interest and charges are calculated under your credit card conditions of use.
This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 269 296, or for more information about ANZ’s financial advice service or to view our financial advice provider disclosure statement see anz.co.nz/fapdisclosure
The information is current as at August 2020 and may be subject to change. ANZ recommends you review your personal credit card conditions of use for information about the terms that apply to you.
Interest rates are subject to change.
Lending criteria, terms, conditions and fees apply to all ANZ credit cards. See Rates, fees and agreements for more information.