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> It’s rare to have a line of credit that can be used for cash equivalents Not true. Most credit cards have cash advances.
by sdinsn 7y ago
> It’s rare to have a line of credit that can be used for cash equivalents
Not true. Most credit cards have cash advances.
- ceejayoz 7y agoTechnically, I believe that's a loan taken with your credit line as the collateral. It often has a different interest rate and limit than the main line of credit does.