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Metrobank Credit Card Cash Advance Calculator

Reviewed by Calculator Editorial Team

This Metrobank Credit Card Cash Advance Calculator helps you estimate the total cost of taking a cash advance from your credit card. Simply enter the amount you need, your card's interest rate, and the advance fee, and the calculator will show you the total amount you'll need to repay.

How to Use This Calculator

Using this calculator is simple:

  1. Enter the cash advance amount you need in the first field.
  2. Enter your credit card's interest rate (APR) in the second field.
  3. Enter the cash advance fee percentage in the third field.
  4. Click the "Calculate" button to see your results.

The calculator will show you the total amount you'll need to repay, including both the advance fee and the interest charges.

How Cash Advances Work

A cash advance is a loan you take against your credit card balance. When you take a cash advance, the bank immediately gives you the money, but you must repay it within a certain period, typically 45 days.

The total amount you'll need to repay includes:

  • The cash advance amount
  • The cash advance fee (usually 3-5% of the advance amount)
  • Interest charges on the outstanding balance

Cash advances are convenient but expensive. They often have higher fees and interest rates than regular purchases. Always consider if you can get the money you need through other means before taking a cash advance.

Fees and Interest Rates

Cash advances typically come with higher fees and interest rates than regular purchases. Here's what to expect:

Item Typical Range
Cash Advance Fee 3-5% of the advance amount
Interest Rate (APR) 15-30% or more
Minimum Payment 2% of the outstanding balance

The interest rate you'll pay depends on your credit card's APR and the length of time you take to repay the advance. The longer you take to repay, the more interest you'll accumulate.

Worked Example

Let's say you need $500 in cash and your Metrobank credit card has a 25% APR with a 4% cash advance fee.

  1. Cash advance amount: $500
  2. Cash advance fee: 4% of $500 = $20
  3. Total amount due: $500 + $20 = $520
  4. If you repay the $520 in 30 days, the interest charge will be approximately $15.63 (based on a 25% APR).
  5. Total amount to repay: $520 + $15.63 = $535.63

This example shows how quickly interest can add up on cash advances. Always try to repay cash advances as soon as possible to minimize interest charges.

Frequently Asked Questions

How long do I have to repay a cash advance?
Most credit cards require you to repay cash advances within 45 days. If you don't repay the full amount by the due date, you may be charged additional fees and interest.
Can I pay a cash advance in installments?
Some credit cards allow you to pay cash advances in installments, but this is not common. Most cards require you to repay the full amount by the due date.
What happens if I can't repay a cash advance?
If you can't repay a cash advance, you may be charged additional fees and interest. Your credit score could also be affected if you have a history of late payments.