Best Credit Card Offers specially for you

About Us  |  Contact Us  |  Articles  |  News  |  Tips  |   Tools
ADVERTISER DISCLOSURE is an independent, advertising-supported web site which is compensated by the credit card issuers whose offers appear on the site. This compensation may impacts how and where the credit products appear on our site, including, the order in which they may appear within credit product lists. does not review or offer all available credit products.

How to Get Cash from a Credit Card?

[Friday, August 30th, 2019]

We all used to make purchases or pay for various services with our credit cards. More than 300 billion credit cards are issued in the U.S. annually, and almost 80% of Americans own at least one credit card. However, despite the wide acceptance of credit cards, it still remains useful to carry cash in your pocket. That’s where a credit card cash advance comes into play.

What is a Credit Card Cash Advance?

Cash advance is the exact name for the money you withdraw from your credit card. Though, unlike personal loans, credit cards do not initially imply to bring you cash, most issuers provide their cardholders with such an opportunity.

Basically, a cash advance is similar to standard credit card operations of sending money to other cardholders or balance transfers. The withdrawn money is written off from your account and you have to pay it back later adding the applied interest and fees.

How to Get a Credit Card Cash Advance?

Since credit card issuers’ terms for taking a cash advance vary, all information regarding options for getting it, fees, APRs, and the order of interest and fees accruing can be found in your credit card agreement. Typically, you can take cash from a card at an ATM, directly in the bank office, at a point of sale, or with the help of a convenience check your credit card company will send you upon request.

In case you decide to get cash at an ATM, it will request you to enter your card’s PIN. If you don’t have one, you can contact the issuer and ask them to set it up.

How Much Cash Can You Get from a Credit Card?

As a rule, the amount of cash advance you can withdraw is determined by the issuer individually and depends on the credit card and your creditworthiness. Sometimes it may not be equal to your available credit card limit. To find out your exact cash advance limit, you can again turn to the card terms and conditions, search for this information in your monthly statement or in your online account. Besides that, ATMs may also set daily limits on the amount you can receive in cash.

How Much Does a Credit Card Cash Advance Cost?

Withdrawing cash from a credit card is by no means a cheap pleasure. First of all, just like other credit card transactions, a cash advance is to bring you interest. The APR on cash advances is typically much higher than the purchase APR and has no grace or intro period. It means that it applies immediately and makes no exception even if you pay off your balance in full by the due date.

Another charge you will have to bear is a cash advance fee. On average, its amount is fluctuating between 2% and 8%. There also may be a minimum limit of $5-$10.

What is more, ATMs can also set additional transaction fees, especially if you are abroad.

A Credit Card Cash Advance – Yes or No?

There may be different reasons to use a credit card for receiving cash. And, of course, there are yeas and nays. If you’re unable to cover an unexpected expense with a credit card and there seems to be no other way out, then availing yourself of a cash advance option can help you out. But in this case, you should be ready for consequences like paying a tidy sum of interest and fees for such a decision. In all other cases, it is best to refrain from withdrawing cash from a credit card and, if possible, pay for a purchase or service directly from the card.

Read also

New Survey: Millions of Americans Met the COVID-19 Outbreak Indebted
[April 15th, 2020] has recently published the results of its annual long-term debt poll conducted online from March 4-6, 2020 by an international research data and analytics company, YouGov Plc. 2,526 U.S. adult respondents, among which 1,855 credit cardholders and 1,086 credit cardholders with debt, took part in it. One of the major survey outcomes is that […]

Continue reading ››

How to Make Marriage Work on Your Credit
[December 27th, 2019]

It is assumed that having made a serious decision to get married, the two persons promise to live happily ever after and share both joys and sorrows. Being honest and keeping no secrets from each other seems to be taken for granted. But have you ever discussed each other’s credit history?

Continue reading ››

Here’s Why Every Frequent Flyer Needs a Travel Rewards Credit Card
[January 16th, 2019]

If you think the only advantage to carrying a credit card that offers travel rewards is that you can earn more frequent flyer miles by making purchases on the card, you could be missing out on some of the biggest perks offered by card issuers and airlines.

Continue reading ››
Copyright © 2003-2021 All Rights Reserved strives to keep credit card information up to date and accurate. However, all the credit card information is presented without warranty and can be changed by the credit card issuers at any time. Click the "Apply online" button to see the online credit card application and to review current credit card terms and conditions. Note that can be compensated by credit card issuers when the visitors apply for a credit card through the website.
* The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners. is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.
Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.
Information in these articles is brought to you by Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.
Disclosure: Not an access card.