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Educational information only. Cash-advance rates and fees are set by your cardholder agreement. Check your own terms before borrowing.
A cash advance uses your credit-card line to obtain cash, and interest commonly starts immediately. It can also carry a separate fee and a higher APR than ordinary purchases.
Why cash advances are different
A card purchase may have a grace period when its conditions are met. Cash advances generally do not: interest commonly begins on the transaction date. The issuer may charge a flat transaction fee or a percentage of the amount, and an ATM operator can add another fee.
Check these five terms first
- Cash-advance APR
- Cash-advance transaction fee
- Cash-advance credit limit
- How payments are allocated among balance types
- Whether interest begins immediately
Example logic—not a quote
If a card charges a fee plus a daily rate, the cost is the fee plus interest for every day the advance remains unpaid. The precise result depends on the agreement, posting date, daily balance method, and payment date. See our credit-card interest estimate guide for the underlying daily-rate logic.
FAQ: Is a cash advance always the cheapest emergency option?
No. Compare total fees, APR, and repayment timing with options you can understand. Avoid using a cash advance as a recurring income substitute. If you are struggling with an existing account, contact the issuer early to ask about available options.