Question

It is generally not a good idea to put a cash advance on your credit card because

It will negatively effect your credit score.
O
Credit card companies charge a higher interest rate (and often an additional fee) on cash advances than they do on
purchases
O Credit cards have no grace periods on cash advances
Student loans must be repaid and grants do not need to be repaid.

Answer 1

They usually charge higher rates and often impose a fee