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April 28, 2024
Question

credit card cash advance fee (finance charge)

  • April 28, 2024
  • 0 replies
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I have a quick question regarding how to "process" this type of transaction.  The company took out a cash advance on a credit card and was charged a fee for doing so.  On the statement, it does NOT show up as a finance charge.  It breaks it down by purchases, finance charge, and fee (even though it does say that it is a finance charge (fee) for taking out the cash advance).  My question is how do I account for this "fee"?  Do I count it as a finance charge? What do I do with it?