Credit Card Cash Advances

If you or your business needs some cash in a pinch, cash advances from your credit card can get you the money you need quickly and easily. One way to get cash advances is to use your credit card at the ATM, and the other way to get cash advances is by requesting a cash advance check from your credit card issuer.

The Pros and Cons of Cash Advances

While using your credit card for cash advances can be the best option during times when you cannot access cash other ways, the more you plan ahead, the better. For instance, getting cash advances at an ATM using your credit card is probably the fastest way to get cash, but you will start paying interest on that money right away. Most credit cards will charge you the APR for purchases, which can be over 20% or even 30%. Another drawback to getting cash advances through the ATM is that you may only be able to get out $500 per day or less.

Requesting credit card checks to get cash advances will definitely take a few days longer, but it may be worth the wait. This can be a much better option because many high limit business credit cards and airline cards will give you a promotional APR on the cash advances you get using your checks. In fact, oftentimes credit cards will offer you an APR that is 5% or less, depending on your credit and payment history with them.

Compare Credit Cards that Offer Cash Advances

Almost all major credit cards offer cash advances. So, it’s more important to compare credit cards based on the other terms and rewards they offer, like travel rewards, cash back and gas rewards. So you can easily search through all of the different types of credit card offers available, we’ve separated out these offers into the 10 categories below:

1. Travel Credit Cards
2. Instant Online Approval
3. Online Balance Transfers
4. Cash Back Credit Cards
5. Gas Reward Credit Cards
6. Student Credit Cards
7. Rewards Card Offers
8. Bad Credit Offers
9. 0% APR Offers
10. Business Credit Offers