Cash vs Credit
In the old days, each person was responsible for securing his or her own cash and other valuables. The most common ways were to bury it in some location known only to the owner, or to keep it at home. This is why the richest people had the most secure homes, since theft was a real and extremely dangerous possibility. The invention of banking and banks allowed people to do keep their money in a safe place common to everyone, and take out proofs of their accounts. Eventually, this led to paper money, and then credit cards. Today the credit card reigns supreme in many countries, yet there are times when cash is still the medium of choice. A cash advance will prove useful in cases where one needs a little more real money and not credit. There are many places and situations where a bit of cold hard cash is not only the best way, but the only way to go.
Cash From Credit
Taking out cash to be charged against one's account from a credit card is not difficult, since automated teller machines or ATMs are commonplace. If you have ever wondered why these electronic transaction-capable cards are all similarly-proportioned, now you will know. While credit cards are not usually used in ATMs, the standardization of card proportions allows them to be used as such. Upon inserting the credit card and entering security information, an encrypted inquiry is sent electronically to the bank that issued the card. Of particular interest is the limit on cash withdrawable against the credit account. Once verified, one of two things happens: the user is allowed to take an advance on some cash, or is denied such due to exceeding the monthly limit. Some banks allow cash advances to be made beyond the related limit, but the account will be marked for special resolution come the next billing period. The amount is charged against the account, cash is dispensed, and the user leaves after taking the credit card.
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Convenience From Cash From Credit
The ability to procure real money on demand is useful in many situations where credit would not work. For example, take this situation. You have just arrived home after depositing your money in the bank. You use your credit card for most purchases, so you do not keep much cash on hand. Upon walking into the kitchen, you realize that you are almost out of some basic items. Since your next grocery run is still a week away, you decide to walk down to the nearby convenience store to buy a few items. The local store is a small shop and they do not accept credit cards, but unfortunately you do not have enough cash to spare. Remembering that that same convenience store has an ATM nearby, you grab your credit card and step out. After taking out a cash advance from the ATM with your credit card, you buy what you need from the local store. You then proceed to whip up a feast to remember forever, or at least a week. In situations like these, you will be thankful for the convenience that this credit card feature provides.
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