"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 Score

7/10

Significant downsides.
Complicated feelings about the outcome.

No regretMixedDeep regret

credit card Category Average

of credit card decisions share a similar regret distribution. (Coming soon)

Impact

Financial and Psychosocial impact distributions for this subset.

Advice for Someone Facing This

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Discussion

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