There is no grace period on cash advances from a credit card.Įxploring lower rate of interest options for payments: In case of unexpected expenses, it is better to talk to your credit card company and explore different options that you can take advantage of, such as availing low interest credit options. But avail this service only at the time of emergency because cash advances are levied with charges, which you start paying from the day you have taken the advance. Learn about cash advances: Credit Cards give you the freedom of taking cash advances. Cancelling such cards impact your credit score.

Avoid closing cards that still have outstanding balance to be cleared or those that make a significant amount of your credit history. When you decide to close a Credit Card, make sure all payments have been made and there are no pending dues. Know how to cancel your Credit Card: Knowing how to cancel your card is as important as knowing how to use it.