Banks and credit card companies charge high fees and interest rates for cash advances because it is a high risk deal for them. (valuepenguin.sg)
In the meantime, you likely will be racking up costly late fees and interest charges on all your debts. (debt.org)
The potential for travel perks, cash back and bonus points could cause you to spend more than normal, potentially resulting in high fees and interest on those purchases. (finder.com)