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.
Cash advance interest will be charged at the cash advance rate from the date of the transaction. To minimise interest charges on your cash advance transactions, you'll need to pay the full balance outstanding on your credit card account as soon as possible after the cash advance. Interest is calculated daily and you'll be charged interest on your cash advance amount each day until the balance is repaid in full.