What are your policies on cash advances?

Vancity Visa has specific policies regarding cash advances that cardholders should be aware of. A cash advance allows cardholders to withdraw cash using their credit card, typically from ATMs or through bank tellers. It is important to note that cash advances may incur fees and interest rates that are generally higher than those for regular purchases. When a cash advance is taken, it is charged against the cardholder's credit limit. The cash advance starts accruing interest immediately, unlike purchases, which may have a grace period. Additionally, there may be a transaction fee applied for each cash advance, which can vary based on the terms of the specific cardholder's agreement. It is advisable for cardholders to carefully review their credit card agreement and the information available on the Vancity website for more details regarding fees, interest rates, and any limitations associated with cash advances. This ensures that cardholders make informed decisions when utilizing this feature of their credit card.