How is the cash advance limit different from the credit limit?

@lynn.runolfsdottir 

The cash advance limit and the credit limit are two separate limits set on a credit card.

• Credit Limit: The credit limit is the maximum amount of credit that a credit cardholder is allowed to borrow from the issuer. It is the total amount of available credit on the card for purchases, balance transfers, and cash advances combined.
• Cash Advance Limit: The cash advance limit, on the other hand, refers to the maximum amount of cash that a cardholder can withdraw from an ATM or over the counter using their credit card. This limit is usually lower than the overall credit limit and is set specifically for cash advances.

It's important to note that cash advances often come with higher interest rates and fees compared to regular purchases. Hence, it is advisable to use cash advances sparingly and only when other options are not available.