New Delhi, Nov. 11 -- In the nation's rapidly evolving economy, many credit card holders turn to cash advances when faced with sudden liquidity problems. Still, before you swipe your credit card at an ATM, it is critical for you to understand the basic concept behind this feature, its pros and cons, along with several factors you must keep in mind before proceeding with a cash advance.

Manish Shara, Co-founder and CEO, ZET, says, "A cash advance allows cardholders to withdraw cash using their credit card, offering quick access to funds when needed. While it provides instant liquidity, it's also one of the costliest forms of credit. Unlike regular transactions, there's no interest-free period, and hefty fees begin to accrue immediately. F...