he price of tapping credit through a cash advance, which lets people borrow from their credit cards by writing a check or withdrawing money from an ATM, is much steeper than it would be for a traditional credit purchase. It’s also much harder to avoid fees when a cash advance is involved.

Questions:
1. What is the average amount of interest charged for a cash advance?
2. If you do take a cash advance, what advice does Matt Schulz, a senior analyst for CreditCards.com. give?
3. Besides interest, what extra amounts do credit card companies typically charge for cash advances?

Source:
Marte, J. (2015) The danger behind the ‘convenient checks’ you’re getting in the mail. The Washington Post, June 3 (Retrievable online at http://www.washingtonpost.com/news/get-there/wp/2015/06/03/the-danger-behind-the-convenient-checks-youre-getting-in-the-mail/?tid=hpModule_a2e19bf4-86a3-11e2-9d71-f0feafdd1394&hpid=z14)