Fees you pay for using the money before paying it back. You can avoid finance charges by paying your balance in full every month. To avoid paying interest on purchases made since your last statement, pay in full by the due date listed on your statement. Your balance is totaled each day during the billing period, the daily balances are added together and then divided by the number of days in the billing period. An instant loan from a credit card account.
Interest is charged from the day the advance is taken until the day it is paid off.
Convenience checks are cash advances and are available upon request.