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Questions tagged [cash-advance]

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Statement credit forfeited on American Express card

I signed up for an American Express credit card which was advertising a $225 bonus upon signing up for the card and spending some $1200 in the first six months, which I did and received the cash ...
Aritro Pathak's user avatar
3 votes
2 answers
1k views

Is donating money to charities / non-profits with a credit card considered a cash advance transaction?

I'm UK based. I know that credit cards charge extra cash transaction fees for not only getting cash from the ATM but also for things which are not quite cash like crypto, gift cards or gambling. Is ...
KubaFYI's user avatar
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0 votes
1 answer
167 views

Is it possible to get a VISA card without support for cash advances (debit)?

I have a VISA card from a major USA bank. I always ask if I can have a card without support for DEBIT (cash advances). I'm wondering if VISA even allows that. In case you're curious for the reason ...
Harvey's user avatar
  • 111
1 vote
4 answers
1k views

How to withdraw cash from a credit card if the cash advance limit has been reached

I have a German bank account and a Visa credit card attached to it, but left Germany some time ago and live in a non-European country. Last Monday a bank officer from the German bank called me on my ...
Sandra's user avatar
  • 513
0 votes
0 answers
1k views

Why is the "cash credit line" lower than the "total credit line"? [duplicate]

In the United States, Bank of America credit cards have both a "total credit line" and a "cash credit line". Why is the "cash credit line" lower than the "total credit line"? (I don't know if that's ...
Franck Dernoncourt's user avatar
6 votes
2 answers
2k views

Why are cash advance limits lower than my credit limit?

All my credit cards allow for cash advances. But for some reason the limit for cash advances are always way lower than my actual credit limit, why is this? If a bank trusts me with credit to purchase ...
Michael's user avatar
  • 10.2k
19 votes
4 answers
6k views

Why do card processing companies discourage "cash advance" activities

I've been curious about something for a few days now, but I couldn't find out the reason elsewhere. Reading through, for example, the Square terms and conditions (https://squareup.com/legal/cash-ua#...
Brian Leishman's user avatar
2 votes
2 answers
492 views

What are the implications of withdrawing cash from my credit card immediately after paying it off?

I recently went to a conference in Boston with 3 other students from my university. To make things simpler with the reimbursement process (or so I thought), I paid for everything (airfare, meals, etc. ...
Chris Cirefice's user avatar
4 votes
3 answers
5k views

Cash advance on a credit card with a credit balance

Suppose a credit card has a credit/negative balance of $100. If a $100 cash advance is charged to the card, which fees apply? Cash advance fee (max(%, fixed amount)) Interest (cash advance APR) Is ...
arcyqwerty's user avatar
  • 1,281
6 votes
1 answer
5k views

Cash Advance causes recurring interest fee after paid in full

In January I made a cash advance of $110 with my credit card. In Februaury, I paid off January's balance (+$10 cash advance fee +$1.82 cash advance interest) in full by the statement due date. This ...
heyitsmyusername's user avatar
6 votes
1 answer
3k views

How quickly will the funds be available when depositing credit card checks?

I have credit card checks, and every time I go to cash or deposit one I get the strangest looks, like "What is this?", and the worst part is they don't have a clue on the turnaround time. My question ...
Jeff's user avatar
  • 61
3 votes
1 answer
332 views

If I take out a cash advance, how exactly do I get charged and does it hurt my credit?

I'm in a situation where I need $2500 (USD) in cash (for a money order/cashier's cheque). I'm considering taking out a cash advance on my new US credit card. My credit card agreement says the "APR" ...
BZillums's user avatar
6 votes
2 answers
21k views

What kind of credit card transactions generally count as a cash advance?

I understand that if I use my credit card to get cash from an ATM, that counts as a 'cash advance'. Are there any other credit cards transactions that don't involve taking cash from ATM that count as ...
Victor123's user avatar
  • 16k
3 votes
5 answers
10k views

Does a cash advance hurt your credit or (official) reputation in any way?

Does a cash advance hurt your credit or (official) reputation in any way? Does it appear in records at all, and would it be frowned upon if it did? What if the cash advance were taken at a casino? I ...
Andrew Cheong's user avatar
9 votes
2 answers
8k views

Credit cards: How is a cash advance different from a purchase? Why are the fees so high?

I have a couple of questions about the notion of "cash advance" on credit cards. How does the credit company decide if some transaction is a "cash advance"? Does the merchant tell the credit company ...
StasM's user avatar
  • 3,306