7. Never withdraw cash from your credit card
If your credit card’s high APR% wasn’t bad enough, you are going to be in for a rude shock when you find out more about how much your credit card company is going to charge you when you do a cash advance on your credit card.
First off, you are going to be charged 2% to 4% of your withdrawal amount as a cash advance fee. Next, you are going to be charged an ATM fee, about $5. Then, on top of all of this, you are going to pay an interest rate that is much higher than your usual APR%. Lastly, you don’t get an interest-free grace period on your credit card cash advances.