A: A balance transfer is a type of credit card transaction in which debt is moved from one account to another. For example, moving the debt on a higher-interest credit card to a lower-interest credit card. With a U First Visa® credit card, there is no balance transfer fee and the lower APR for the first 6 months of the card applies to balance transfers.
A: A cash advance is borrowing "cash" from your credit card. It is a short-term cash loan that you can access at a United branch or ATM. It's like withdrawing money from the ATM with your debit card, except the cash comes from your credit limit rather than your bank account balance. That means you have to pay it back with interest. Cash advances are more risky for a bank or credit union to loan out versus using your credit card to purchase an item. Because of this, cash advances don't have a grace period, meaning interest begins accruing on the balance as soon as the transaction is completed.
A: Cash advance interest is accrued from the date of advancement, regardless of when the advance is paid off, whereas purchase interest is not charged if the purchase is paid off within the statement cycle. Because the way each interest is determined is done differently, they are shown as two separate interest charges on the credit card statement.
A: Debt protection is an optional product that helps relieve the financial stress and worry related to making loan payments in the event of death, disability, and/or involuntary unemployment. This protection cancels a borrower's remaining loan balance in the event of death and loan payment(s) for a specific amount of time per occurrence in the event of the rest.
A: Cash advances do not qualify for the promotional lower APR for the first 6 months.
APR=Annual Percentage Rate. Equal Opportunity Lender. Subject to Credit Approval.
 Six-month introductory rate between 0.00% APR-2.99% APR depending on creditworthiness;
introductory rate on new purchases and balance transfers is only available for new U First credit cards.  7.74%-17.74% APR, accurate as of 3/17/2020; rates may vary. Rate determined by applicant’s creditworthiness.  Subject to program terms and conditions. See the applicable Benefit Guides for more information.  There is no grace period on balance transfers or cash advances; a finance charge (based on the account’s current Annual Percentage Rate) will be imposed from the date the transfer is posted to your credit card account. A list of additional fees can be found in the chart above.  There is a penalty fee for late payments of $28 for the first occurrence and $39 for each subsequent occurrence and up to $34 penalty fee for returned payments.
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