If you have a credit card and need cash really fast, it’s easy to get a cash advance at an ATM machine. In fact, if you have an available balance, you can get cash instantly from your credit card. But, using a credit card has long term effects that can make getting cash really expensive.

When you need money quickly, you need a cash advance. It literally just takes a few minutes of your time to complete the application and you can be approved within just minutes. And, in some instances, you can have the money within a matter of hours. It’s really that easy and that fast!

A credit card can be very convenient and it can be a good source of money when you have a financial crisis. But, there are several reasons why borrowing money on your credit card isn’t a good choice. And, many reasons why taking advantage of a cash advance loan is the best choice.

The main reason relying on a credit card for those times when you need money is a bad choice is the high interest rates. While it might seem like a good solution at the time, you could end up paying back twice as much as you borrowed. And, most credit card companies charge higher rates of interest on cash advances than they do on regular purchases.

The high rates of interest on credit cards and other fees they charge could mean that you would literally still be paying on a cash advance for months or years to come. When you get a cash advance loan, you simply re-pay the entire amount from your next payday.

When you choose a cash advance loan you will never have to pay any interest charges. The lender will impose a small fee for their services, but you will know exactly how much the fee will be before you accept the loan. There’s no surprises and no recurring fees that can add up to a lot of money.

There are only two basic requirements to get approved for a cash advance loan, a minimum monthly income and a checking account. The required monthly income can vary between lenders, but generally you need to make at least $1,000 a month to qualify.

Whether it’s a cash advance or purchases, credit cards lead to a financial cycle that never seems to end. With very little of your minimum monthly payment being credited towards your balance, you could be paying on a credit card cash advance for many years to come.

If you find yourself needing a short term loan, there’s no better option than a cash advance loan. They’re perfect for financial emergencies when you need money quickly. But, they’re also a great way to get some extra money when you just want to treat yourself with a night out on the town, or a weekend getaway.