A credit card cash advance is a withdrawal of cash from your credit card account. Essentially, you’re borrowing against your credit card to put cash in your pocket. However, there are costs to taking a credit card cash advance and, in some cases, limits on the amount you can withdraw. Here’s what you need to know.
If you have an old credit card sitting in the back of your wallet that you haven't swiped in years, you might be tempted to close your account. Conventional wisdom would disagree, however. Unless the card comes with an annual fee, most credit score gurus will say leave it open. Often, they're right.