Credit Cards and FICO score

[Bruincoug]

Do using cash advances on credit cards impact credit score?

(assuming they are immediately paid off and not carried as part of balances, as discussed above)

[NorCalCoug]

Originally Posted by Bruincoug

Do using cash advances on credit cards impact credit score?

(assuming they are immediately paid off and not carried as part of balances, as discussed above)

No.

[Bruincoug]

Originally Posted by NorCalCoug

No.

Thanks, NCC.

[Clark Addison]

Originally Posted by Bruincoug

Do using cash advances on credit cards impact credit score?

(assuming they are immediately paid off and not carried as part of balances, as discussed above)

As NorCal said, no, it won't hurt, since the bureau has no way of knowing what type of balance is on the card. All balances are reported the same way.

Having said that, it MIGHT make the bank you have the card with look on you as a higher risk. Customers who get cash advances are riskier than others, so there is a chance it could cause some minor effects at that bank. Shouldn't be anything you notice, though. For example, you might get a call if you are 5 days late on a payment, versus other people who would get a call at 30 days.