In any event, the cash you get is charged to your credit card account. With cash advances, usually, there is no grace period. Interest charges are applied the day you get the advance and continue until the entire balance is paid, even if you paid your most recent monthly bill in full. In addition to the automatic interest charges, you may be charged a cash advance feea percentage of the cash advance amount. There are various forms of credit card insurance.
Types commonly offered are disability, unemployment, and life.
For a few cents each month, you can be assured that your credit card minimum payment will be paid if you become disabled or unemployed. If you die, credit card insurance will relieve survivors of the credit card bills. The monthly premium for this type of insurance may be calculated on each month's outstanding balance. The higher the outstanding balance, the more you will pay for this insurance. Credit card insurance is often highlighted as an excellent profit maker for card issuers.