Credit card cash advance question

[Anonymous]

I needed some on the spot cash Tuesday to pay for a repair on my vehicle. I went to chase bank an withdrawal $350.00 from my freedom card. I checked to see if I can pay it back right away but I couldn't as the payment had not posted. Thursday morning the  $350 withdrawal posted along with a $10 service fee. I immediately paid $360 back to my card which posted today (Friday). Will I be charged any interest? 

[Skye12329]

You might. I'm not sure how cash advances work but isn't once it posts doesnt interest start right away?

If so I'm sure the interest couldnt be too bad. Maybe less than $10?

[Anonymous]

No grace period on cash advances.

I believe the APR is 25.24%...
The interest on that will be pretty negligible.

[Anonymous]

Yikes! good thing it was only for 2 days. SMH.  Never again, 25%....

[Anonymous]

You, my friend need to get yourself a Barclay's Ring once your credit profile will bear it.

[Anonymous]

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@Anonymous wrote:
No grace period on cash advances.

I believe the APR is 25.24%...
The interest on that will be pretty negligible.

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Yeah interest charges on a 24 hour cash advance at the assumed 25.24% you are looking at .069% interest per day. So on $360 for 24 hours it's a little less than 25 cents in interest. 

[Anonymous]

Excellent,

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@Anonymous wrote:
You, my friend need to get yourself a Barclay's Ring once your credit profile will bear it.

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I will keep that in mind. What ones profile must look like to get suach a card?

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:
No grace period on cash advances.

I believe the APR is 25.24%...
The interest on that will be pretty negligible.

---

Yeah interest charges on a 24 hour cash advance at the assumed 25.24% you are looking at .069% interest per day. So on $360 for 24 hours it's a little less than 25 cents in interest. 

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Wow I escaped that one..... LOL.

[Anonymous]

Well I believe the fee is treated as a "purchase" for APR purposes. The actual cash advance itself though accrues interest from minute 0.

[SunriseEarth]

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@Anonymous wrote:

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@Anonymous wrote:
No grace period on cash advances.

I believe the APR is 25.24%...
The interest on that will be pretty negligible.

---

Yeah interest charges on a 24 hour cash advance at the assumed 25.24% you are looking at .069% interest per day. So on $360 for 24 hours it's a little less than 25 cents in interest. 

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Of course, the T&Cs of many CCs has a "minimum finance charge"...most of mine are $1.00, but some are $1.50.   I don't have Freedom, so I'm not sure if "minimum finance charges" would apply.   Perhaps someone else has more info?