“Paying $500 towards credit card with $1,000 balance and $500 cash advance”

Item: Paying $500 towards credit card with $1,000 balance and $500 cash advance
Rating: 3
Author: u__MissThing

What Actually Happened

I took a cash advance, now I'm paying interest on the full $1,000 balance

What I wish I knew

"Cash advances accrue interest immediately"

Advice to Someone Facing This Now

If I could tell you one thing

"Pay off the cash advance separately to avoid extra interest"

Regret Index

7/10

Clear regret.
The downsides outweighed what was gained.

SettledMixedSevere

Advice for Someone Facing This

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Discussion

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credit card Category

credit card decisions logged. Avg regret 7.5/10 across the category.

Same Outcome Band

50%

of credit card decisions land in the regret band the same as this one.