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Author: TMFTaxes Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 309250  
Subject: Re: Advances Date: 7/3/1997 12:04 PM
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<<Tony, there is one very good use of credit card advances. I do a lot of travelling overseas, and getting a good exchange rate is difficult. >>

Yo!! George!!

This is true depending upon...

***the exchange rate that you can receive
***the total amount of the cash advanced
***the fee for the advance.

You need to make sure and run the numbers. After the interest and advance fee is computed on the advance, you MAY find that the "local bank" exchange rate isn't that bad.

I know that I got really ripped off in Costa Rica when I ran short of cash, and needed a cash advance (ATM?? Forget it. We were out in the sticks). Just ripped.

So make sure that you run the numbers. But using an ATM for a foreign currency cash advance is ALWAYS better than a cash advance.

TMF Taxes
Roy Lewis
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