Regardless of your credit score, you will possible be charged 23% or greater in your cash advance steadiness. Credit card money advances also carry hidden costs. Payday loans are quick-term, high-curiosity loans you're expected to pay off by your subsequent payday, within two or four weeks. For the lender, factoring in low cost points may be a ploy to drive business, however for debtors, the factors might be part of a mortgage strategy.