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.
Unless you are caught in an emergency without cash, you should always avoid getting a cash advance with your credit card. A number of credit cards charge nearly 25% interest for a cash advance and fees are 3%-5% of the advance. There is no grace period so interest charges begin as soon as you receive the money.