Shonda-Meaning of Shonda. Tweet. Variant forms inherit the origin and meaning of the name Shonda. See also the related forms, the name Daeshonda, the name Dashonda.
(Learn how and when to remove this template message) A cash advance is a service provided by most credit card and charge card issuers. The service allows cardholders to withdraw cash, either through an ATM or over the counter at a bank or other financial agency, up to a certain limit. For a credit card, this will be the credit limit (or some percentage of it). Cash advances often incur a fee of 3 to 5 percent of the amount being borrowed. When made on a credit card, the interest is often higher than other credit card transactions. The interest compounds daily starting from the day cash is borrowed.
The upfront fee is on average $9 or 4% - whichever is greater. With the average credit card, the cost for cash advances up to $225 will be $9. For any larger withdrawal, you will pay 4%. The sum of the cash advance plus the fee will be the total cash advance balance on your account.This is an important distinction since it impacts the second cost, your cash advance APR.o get an idea of how much a 24% APR will cost you, we calculated the interest on a $1,500 cash advance that was taken out on the 1st day of the billing cycle. The upfront fee of the cash advance would be $1,500 x 4% = $60. For the first month, the interest would be 1.98%, or $31.