Cash advances attract two different charges:
These charges make cash advances the most expensive transactions you can make with a credit card.
Example
If you withdrew $1000 on a credit card with a cash advance fee of 3%, you would be charged $30 straight away. If the card had a cash advance interest rate of 21.99% p.a., this $1030 debt would cost you about $18.60 a month, and up to $223 a year!