Sentences with phrase «treated as a cash advance»

Following fresh on the heels of Coinbase warning its customers that cryptocurrency purchases made with credit cards would be treated as cash advances rather than as credit purchases, Bank of America and JPMorgan Chase have just recently forbidden their credit card customers from using their cards to purchase cryptocurrencies.

Anytime you make one of the purchases below, bear in mind that they could be treated as cash advances:

If you're using it to pay someone or purchase something, then the transaction is treated as a cash advance and the same costly terms apply.

Additionally, you should be aware that Coinbase recently announced that Visa and Mastercard had changed the configuration of their payment processing systems so that cryptocurrency purchases would be treated as a cash advance rather than a regular purchase.

* When you take advantage of the 2.9 % APR (annual percentage rate) promotional offer, Visa ® balance transfers will be treated as a cash advance and will accrue interest at 2.9 % APR from the time that the transaction posts until 12/31/19; thereafter, any remaining balance will begin to accrue interest at the cash advance rate, which is currently 9.9 % APR and subject to change.

3 PSECU Visa ® Founder's Card: When you take advantage of the 3.9 % APR (annual percentage rate) promotional offer, Visa ® Founder's Card balance transfers will be treated as a cash advance and will accrue interest at 3.9 % APR from the time that the transaction posts until 12/31/19; thereafter, any remaining balance will begin to accrue interest at the cash advance rate, which is a variable APR equal to the Prime Rate plus a margin of 9.15 %.

2 PSECU Visa ® Classic Card: When you take advantage of the 2.9 % APR (annual percentage rate) promotional offer, Visa ® balance transfers will be treated as a cash advance and will accrue interest at 2.9 % APR from the time that the transaction posts until 12/31/19; thereafter, any remaining balance will begin to accrue interest at the cash advance rate, which is currently 9.9 % APR and subject to change.

Credit Card Transfers: All transfers of funds from your CIBC credit card Account to another Account using Online Banking and all bill payments from your CIBC credit card Account using Online Banking are treated as cash advances under the CIBC Cardholder Agreement.

Loan options are treated as cash advances and are subject to those rates and accrue interest immediately.

And don't confuse balance transfer checks with convenience checks (which are treated as cash advances).

Balance transfers are treated as cash advances and the promotional interest rate applies from the date the transactions are posted to your Account until the last day of the Promotional Period.

Wire transfers, money orders, legal gambling purchases and bail bonds are also often treated as cash advances if paid via credit card.

Leading credit card networks and providers earlier changed the terms of digital currency purchases which they now treat as a cash advance with additional charges and higher interest rates, Bloomberg wrote.

Not exact matches

The so - called merchant category code (or MCC) now in effect treats Visa purchases on Coinbase as cash advances, which come with high fees from banks of as much 10 %.

In addition, because merchant cash advances are treated as commercial transactions and not loans, there is no federal oversight in the form of regulations and enforcement.

On April 11, how the bank treated cryptocurrency purchases on credit cards as cash advances and charged unsuspecting customers high interest fees.

If the bank treated the purchases as cash advances, then it recognizes crypto as currencies.

On the other hand, if the bank treats the transfer as a cash advance, moving the money from your card to your account is going to cost anywhere from 3 to 5 percent of the total transaction, not worth it.

If we approve a purchase that makes you go over your credit limit or your cash advance limit, we do not give up any rights under this Agreement and we do not treat it as an increase in your credit limit.

(a) late payment fees are treated as new purchases; (b) debt cancellation fees are added proportionately to each balance; and (c) cash advance fees are added to the cash advance balance.

Convenience checks will be treated in all respects and posted as cash advances.

But your lender actually treats convenience checks as cash advances, no matter what you use the check for.

These loans are usually treated as a small cash advance that you're expected to repay out of your next paycheck.

@Willeke You may be quite lucky as all cards I have ever had or considered getting treated cash advances as interest bearing immediately.

The transfer can be drawn from your total credit available and is treated as a direct deposit cash advance.

The following transactions are excluded from earning points: BPAY transactions, payments to the Australian Taxation Office (effective 2/11/2015) unless made using a Business Awards card, balance transfers, cash advances (including a transaction treated by the Bank as a cash advance, for example, utility bills paid in person at a bank), purchases of foreign exchange, credit card insurance premiums, travellers cheques, interest charges, Qantas Frequent Flyer Direct fees, Bank fees, Card account payments, transactions deemed by the Bank to be for business purposes (excluding transactions on Business Awards, Business Gold Awards and Business Platinum Awards cards) and any other transactions which may from time to time be excluded by the Bank.

On the other hand, if the bank treats the transfer as a cash advance, moving the money from your card to your account is going to cost anywhere from 3 to 5 percent of the total transaction, not worth it.

Another important caveat to all these bank deals: you need to be aware of when using a credit card to fund these bank accounts is you want to make sure your credit card won't treat the charge as the dreaded «cash advance» (CA).

Membership Rewards points are not earned on interest, fees (including default fees), balance transfers, cash advances (including transactions treated as cash), loading of pre-paid Cards, American Express Travellers Cheque purchases or foreign exchange transactions; and any amounts that are subsequently re-credited to your Card Account by way of refunds.

These loans are usually treated as a small cash advance that you're expected to repay out of your next paycheck.