When you transfer money from a credit card to a bank account, your transaction will most likely be coded as a cash advance.
Consider these important points about cash advances:
You'll probably pay a cash advance fee.
A common cash advance fee is $10 or 5% of the transaction, whichever is greater. For example, if you take out $500, the fee could be $25.
Look out for the cash advance APR.
Cash advances usually have higher APRs than purchases or balance transfers.
Your transaction will start accruing interest immediately.
Unlike purchases, which often have grace periods on interest, cash advances start collecting daily interest right away.