Cash Advance

A cash advance is a service offered by a credit card issuer. The bank provides cardholders with the option to withdraw cash from their credit line, often accessible through ATMs or banks.

It is a useful resource in times of urgency or when immediate access to cash is essential. However, it's important to approach this feature cautiously. Cash advances usually incur higher fees and interest rates than regular purchases. 

In the payments industry, cash advances offer consumers quick access to funds, though financial advisors often suggest exploring alternative options given their increased costs. It's advisable to use cash advances sparingly, reserving them for genuine emergencies and carefully weighing the potential long-term financial impact before proceeding.