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BMO CashBack Mastercard Credit Card Review - Watch Before you ApplyTo calculate interest charges on cash advances, we multiply the daily closing balance of your cash advances by the daily cash advance interest rate, which is. We calculate interest on cash advances from the date of the transaction or fee until the date we receive payment in full. There are no grace days provided for. Cash advances not completed through the above methods will incur a fee of $ for transactions within Canada, and $ for transactions outside Canada. Will.