What credit score do you need for a cash advance credit card?

Credit score requirements depend on the specific card. Typically, we recommend you have a FICO credit score of at least 670 to qualify for most cash advance cards. However, cards are available for individuals with fair credit (a score between 580–669).

Why would someone be denied a cash advance credit card?

You could be refused a cash advance credit card if you don’t meet the credit card issuer’s credit requirements and other criteria.

Can you get cash advances with all credit cards?

No, not all credit cards offer cash advances. Check whether a card offers cash advances before applying.

What’s the average cash advance fee?

Typically, cash advance fees range from 3% to 5 or a minimum of $10, whichever is greater.

Why is there a difference between cash advance APR and APR on regular purchases?

Cash advances typically have a higher APR than the APR for regular purchases because you’re borrowing cash, not making a purchase. A cash advance is like a loan from a credit card issuer and carries a greater lending risk, hence a higher APR.

How much does a Chase cash advance cost?

Chase cash advance costs depend on the specific card. The Chase Sapphire Preferred Card, for example, carries a $10 or 5% (whichever is higher) cash advance fee, plus a 24.99% cash advance APR.

Why do credit union credit cards usually have lower cash advance fees?

Credit unions generally charge lower rates and fees because they don’t need to generate large profits to satisfy investors and shareholders.

How do you get a cash advance from a credit card?

Typically, cash advances are available via ATM, by check or in-person if there’s access to a local branch.

How long does it take to get a cash advance from a credit card?

Getting a cash advance can take just a few minutes. The fastest way is to use an ATM and request a cash advance.

Does a cash advance hurt your credit?

Using a cash advance doesn’t automatically hurt your credit. However, it does increase your credit utilization ratio, which is one of the primary factors in determining credit scores.

How can I get cash from my credit card without a cash advance?

A cash advance is the primary way to get cash from your credit card. You can also buy a prepaid gift card or purchase an item you can sell for cash.

How much cash advance can I get from my credit card?

Each credit card has its own cash advance limit, which is usually a percentage of your card’s total credit limit.

Can people with limited or poor credit history be approved for a cash advance card?

Yes, there are a few credit cards for people with fair credit that offer cash advances.

Do cash advance credit cards offer rewards like cash back or points?

Some cash advance credit cards also earn rewards for card spending.

Best Cash Advance Credit Cards in 2024

Name: Best Cash Advance Credit Cards in 2024
Item: Best Cash Advance Credit Cards in 2024
Author: Kevin Payne

Our list of the best cash advance credit cards includes regular cards for consumers, secured cards and business cards. Most come with no annual fees.

ByKevin Payne

Edited byMegan Hull

ByKevin Payne

Edited byMegan Hull

Updated: March 19, 2024

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About Kevin Payne

Kevin Payne is a personal finance writer specializing in credit cards, banking, and student loans. He is a regular contributor to Forbes Advisor, The Ascent, Investing Answers, and Student Loan Planner. Kevin is the budget and family travel expert behind FamilyMoneyAdventure.com.

sources

Finder. "Cash advances – the interest rate and fee you’ll pay." Accessed July 12, 2021.
Chase. "Chase Sapphire Preferred Card® Credit Card." Accessed July 12, 2021.
Chase. "Pricing and Terms." Accessed July 12, 2021.
Chase. "How do credit card cash advances work?." Accessed July 12, 2021.
Chase. "When does interest start to accrue on a credit card?." Accessed July 12, 2021.
Consumer Financial Protection Bureau. "What is a grace period for a credit card?." Accessed July 12, 2021.
CapitalOne. "What Is a Cash Advance on a Credit Card?." Accessed July 12, 2021.
Bank of America Better Money Habits. "What is a credit card cash advance?." Accessed July 12, 2021.
MyFICO. "What is a FICO® Score?." Accessed July 12, 2021.
Experian. "What Is a Cash Advance?." Accessed July 12, 2021.

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