The Ultimate Guide to Credit Cards
Monday, December 6, 2021

Cash Advance Limits by Issuer in 2021

Cash Advance Limits

credit card advice

Eric Bank
By: Eric Bank
Updated: September 29, 2021
Advertiser Disclosure

It’s a good idea to know the cash advance limits on your credit cards before asking an ATM to start spitting out money. As it turns out, each card and card issuer has set limits on the maximum cash advance you can get, further tempered by factors such as your current balance and daily ATM withdrawal limit.

Read on for a rundown on how several popular credit card companies control how much cash you can borrow from their cards.

Amex | BoA | Capital One | Chase | Citi | Wells Fargo

1. American Express Cash Advance Limit: $10,000

American Express offers a sizable number of both credit cards and charge cards. The former lets you stretch payments over multiple months whereas the latter requires full payment by the next due date (unless you sign up for an Amex program that allows you to stretch your repayments).

We found a maximum cash advance limit of $10,000 on the American Express Centurion® Card (which can only be applied for by invitation), followed by $8,000 on the The Platinum Card®, $6,000 on the American Express® Gold Card, and $3,000 on the American Express® Green Card. There may also be a limit on the number of times and the cash amounts you can withdraw money from ATMs in a given time period.

The Platinum Card® Review

at the issuer'ssecure website

CATEGORY RATING

★★★★★
4.8

OVERALL RATING

4.7/5.0
  • Earn 100,000 Membership Rewards® points after you use your new card to make $6,000 in purchases in your first 6 months of Card Membership
  • Earn 10X Membership Rewards® points on eligible purchases on your new Card at restaurants worldwide and when you Shop Small in the U.S. on up to $25,000 in combined purchases, during your first 6 months of Card Membership
  • Earn 5X Membership Rewards® points for flights booked directly with airlines or with American Express Travel, on up to $500,000 on these purchases per calendar year. Also earn 5X Membership Rewards® points on prepaid hotels on AmexTravel.com. Earn 1X points on all other eligible purchases. Terms apply.
  • $200 annual hotel credit, $200 annual airline fee credit, $25 monthly Equinox credit, $15 monthly Uber cash credit, $100 annual Saks Fifth Avenue credit, and more.
  • Platinum Card Members have unlimited complimentary access to all locations of The Centurion Lounge
  • Fee Credit for Global Entry or TSA Pre✓®
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A (Charge Card)
$695
Excellent
American Express® Gold Card Review

at the issuer'ssecure website

CATEGORY RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earn 75,000 Membership Rewards® points after you spend $4,000 on purchases on your new card in your first 6 months of card membership
  • Earn 4X Points at U.S. supermarkets on up to $25,000 per calendar year in purchases. Also earn 4X Points on restaurants, 3X points on flights when booked directly with airlines or on amextravel.com, and 1X points on all other eligible purchases.
  • Earn up to $10 in statement credits monthly when you pay with the Gold Card at Grubhub, Seamless, Boxed and other participating partners. This can be an annual savings of up to $120. Enrollment required.
  • Select one qualifying airline and then receive up to $100 in statement credits per calendar year when incidental fees, like checked bags and in-flight refreshments, are charged by the airline to your Gold Card account
  • $250 annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A (Charge Card)
$250
Excellent
American Express® Green Card Review

at the issuer'ssecure website

CATEGORY RATING

★★★★★
4.7

OVERALL RATING

4.7/5.0
  • Earn 50,000 Membership Rewards® Points after you spend $2,000 on purchases on your new card in your first 6 months of card membership
  • Earn 3X points on restaurants, including takeout and delivery, and 3X points on transit and travel — all other purchases earn 1X point per $1 spent
  • Receive up to $100 per calendar year in statement credits, when you pay for your CLEAR membership with the American Express® Green Card
  • Use the American Express® Green Card to purchase lounge access through LoungeBuddy and receive up to $100 in statement credits per calendar year
  • No foreign transaction fees
  • $150 Annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
N/A (Charge Card)
$150
N/A

American Express offers you two ways to withdraw cash from an ATM (or from a teller). The first method, which Amex calls Cash Advance, is a true cash advance feature that lets you borrow against the card’s credit line (minus your existing balance). Alternatively, you can use the card’s Express Cash feature to access cash from a linked financial institution account (such as a checking account), similar to how a debit card works.

A 5% transaction fee applies for an ATM cash advance, plus any fee charged by the ATM operator, with a minimum charge of $10. You’ll need to obtain a four-digit PIN from Amex to use your credit card as an ATM card. Interest charges accrue starting on the transaction date — there is no grace period.

2. Bank of America Cash Advance Limit: 30% of Credit Limit

Bank of America uses the term “Bank Cash Advances” to refer to advances via an ATM, over the counter, same-day online, and an overdraft protection cash advance feature. The total amount of cash available for cash advances is equal to the cash limit currently assigned to you on your credit card. The cash credit limit is 30% of your total credit limit.

We’ve identified the Bank of America® Customized Cash Rewards Credit Card as having a credit limit as high as $95,000, although the average credit limit is certainly much lower. Presumably, the cash credit limit for this lucky cardholder would be 30% of $95,000, or $28,500.

Bank of America® Customized Cash Rewards Credit Card Review

at Bank Of America'ssecure website

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Enjoy a $200 cash rewards bonus after spending at least $1,000 in purchases in the first 90 days of account opening
  • Earn 3% cash back in the category of your choice: gas, online shopping, dining, travel, drug stores, or home improvement/furnishings and 2% cash back at grocery stores and wholesale clubs on the first $2,500 in combined choice category/grocery store/wholesale club purchases each quarter, then earn 1%
  • Unlimited 1% cash back on all other purchases
  • Introductory 0% APR for your first 15 billing cycles for purchases and balance transfers made within 60 days of account opening (balance transfer fee applies), then a variable APR applies
  • $0 annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 billing cycles
0% for 15 billing cycles
13.99% - 23.99% Variable
$0
Good/Excellent
Bank of America® Premium Rewards® Credit Card Review

at the issuer'ssecure website

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.6/5.0
  • Earn 50,000 online bonus points (a $500 value) after you make at least $3,000 in purchases in the first 90 days of account opening
  • Earn unlimited 2 points for every $1 spent on travel and dining purchases. Plus, earn 2 points for every $1 spent on grocery store purchases – now through 12/31/21.
  • 1.5 points for every $1 spent on all other purchases
  • Flexibility to choose how you redeem your points – redeem for cash back as a deposit into Bank of America® checking or savings accounts, for credit to eligible Merrill® accounts including 529 accounts, as a statement credit to your credit card, or for gift cards and purchases at the Bank of America Travel Center
  • Get up to a $100 Airline Incidental Statement Credit annually for qualifying purchases such as seat upgrades, baggage fees, in-flight services, and airline lounge fees - automatically applied to your card statement. Also get up to $100 in Airport Security Statement Credits towards TSA Pre✓ ® or Global Entry Application fees, every four years.
  • No foreign transaction fees
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
15.99% - 22.99% Variable
$95
Good/Excellent
Bank of America® Travel Rewards Credit Card Review

at Bank Of America'ssecure website

EXPERT'S RATING

★★★★★
4.7

OVERALL RATING

4.7/5.0
  • Earn 25,000 online bonus points if you make at least $1,000 in purchases in the first 90 days of your account opening – which can be redeemed for a $250 statement credit toward travel purchases
  • Earn unlimited 1.5 points for every $1 you spend on all purchases everywhere, every time, and no expiration on points
  • Enjoy no annual fee and no foreign transaction fees while earning points to use for a statement credit to pay for flights, hotels, vacation packages, cruises, rental cars, or baggage fees
  • Introductory 0% APR offer on purchases, then a variable APR applies
  • Preferred Rewards members earn 25%-75% more points on every purchase. That means you could earn up to 2.62 points for every $1 you spend, everywhere, every time.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% APR for 12 billing cycles
N/A
13.99% - 23.99% Variable
$0
Excellent/Good

The cash advance transaction fee is $10 or 3% to 5% of the amount of each transaction, whichever is greater and depending on the type of advance. For overdraft protection cash advances, the fee is $12 per transaction.

Any outstanding or pending cash advances reduce the amount available for new advances. You need to create a PIN, using the bank’s website or mobile app, before your first cash advance.

3. Capital One Cash Advance Limit: 30% to 50% of Credit Limit

Capital One credit cards set cash advance limits at 30% to 50% of the total credit limit, depending on your creditworthiness. The cash advance fee is either $10 or 3% of the amount of each cash advance, whichever is greater. A daily ATM withdrawal limit of $600 on ATM cash withdrawal transactions applies to ATM cash advances.

In terms of the highest available credit line from a Capital One card, we came across one reviewer who reported an initial $50,000 credit limit from the Capital One Venture Rewards Credit Card, implying a cash advance limit up to $25,000. However, the average credit limit for this card is in the range of $5,000 to $10,000.

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get our best prices on thousands of trip options
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
15.99% - 23.99% (Variable)
$95
Excellent, Good

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • $0 annual fee and no foreign transaction fees
  • Earn a bonus of 20,000 miles once you spend $500 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn unlimited 1.25X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get our best prices on thousands of trip options
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
0% for 15 months
14.99% - 24.99% (Variable)
$0
Excellent, Good

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • One-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won't expire for the life of the account and there's no limit to how much you can earn
  • 0% intro APR on purchases and balance transfers for 15 months; 14.99%-24.99% variable APR after that
  • $0 annual fee and no foreign transaction fees
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
0% for 15 months
14.99% - 24.99% (Variable)
$0
Excellent, Good

You need a PIN to get an ATM withdrawal for a cash advance, but no PIN is needed for an in-branch advance as long as you have suitable identification.

4. Chase Cash Advance Limit: 5% of Credit Limit

The Chase Sapphire Preferred® Card has an average credit limit of $10,000, although remarks on Quora speak of a $500,000 credit limit. That’s the highest limit we’ve seen for any Chase credit card.

With a cash advance limit of 5% of the overall credit limit, that high-flying card would permit cash advances of up to $25,000.

EXPERT'S RATING

★★★★★
4.7

OVERALL RATING

4.7/5.0
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year. Through December 31, 2021, gas station & grocery store purchases will also count towards earning your Travel Credit
  • Earn 5X total points on air travel and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • With Pay Yourself Back℠, your points are worth 50% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
  • 1:1 point transfer to leading airline and hotel loyalty programs
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
16.99% - 23.99% Variable
$550
Good/Excellent

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.7/5.0
  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
15.99% - 22.99% Variable
$95
Good/Excellent

EXPERT'S RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • $200 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
  • 3% cash back on dining at restaurants, including takeout and eligible delivery services
  • 3% cash back on drugstore purchases
  • 5% on travel purchased through Chase Ultimate Rewards®
  • Unlimited 1.5% cash back on all other purchases
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR on Purchases 15 months
0% Intro APR on Balance Transfers 15 months
14.99% - 24.74% Variable
$0
Good/Excellent

Chase charges either $10 or 5% of the amount of each cash advance transaction, whichever is greater. You will need a PIN for an ATM cash advance, but not for an in-branch one.

As is true for many credit cards, the cash advance APR on Chase cards is usually higher than the purchase APR.

5. Citi Cash Advance Limit: 50% of Credit Limit

Citi caps cash advances at no more than 50% of your overall credit limit. One reviewer reported a $50,000 credit limit on the Citi® Double Cash Card, which would translate into a $25,000 cash advance limit.

CITI® RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Earn cash back twice! Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
  • To earn cash back, pay at least the minimum due on time
  • Balance Transfer Offer: 0% intro APR on Balance Transfers for 18 months. After that, the variable APR will be 13.99% - 23.99%, based on your creditworthiness. Balance Transfers do not earn cash back and will have a fee of either $5 or 3% of the amount of each transfer, whichever is greater.
  • If you transfer a balance, interest will be charged on your purchases unless you pay your entire balance (including balance transfers) by the due date each month.
  • 24/7 access to customer service representatives
  • $0 annual fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
0% for 18 months
13.99% - 23.99% Variable
$0
Excellent/Good
Citi Premier® Card Review

at the issuer'ssecure website

CITI® RATING

★★★★★
4.8

OVERALL RATING

4.6/5.0
  • Earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • Earn 1 Point per $1 spent on all other purchases
  • Annual Hotel Savings Benefit - Enjoy $100 off a single hotel stay of $500 or more, excluding taxes and fees, through thankyou.com, once per calendar year
  • No expiration and no limit to the amount of points you can earn with this card
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
15.99% - 23.99% (Variable)
$95
Excellent, Good

CITI® RATING

★★★★★
4.7

OVERALL RATING

4.7/5.0
  • No Late Fees, No Penalty Rate, and No Annual Fee... Ever
  • 0% intro APR offers on both purchases and balance transfers (balance transfer fee applies), then a variable APR applies
  • Choose a payment due date that works best for you — beginning, middle, or end of the month
  • Stay protected against identity theft with Citi® Identity Theft Solutions
  • $0 liability on unauthorized charges
  • 24/7 access to customer service representatives - save time, just say "representative" when you call, to enjoy fast, personal help
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 18 months
0% for 18 months
14.74% - 24.74% (Variable)
$0
Excellent, Good

The cash advance fee for Citi cards is either $10 or 5% of the amount of each cash advance, whichever is greater. Citi cards charge a higher APR for cash advances than it does for credit card purchases. You can get a cash advance at a Citibank or UnionPay ATM, but you must first obtain a 4-digit passcode, (unnecessary for in-branch cash advances).

6. Wells Fargo Cash Advance Limit: 100% of Credit Limit

The highest Wells Fargo overall credit limit, as reported by a City Data reviewer, is $38,000 for the Wells Fargo Platinum card. The Wells Fargo fine print states that the credit card company might limit the amount available for cash advances to a portion of the overall credit limit.

We interpret that to mean Wells Fargo might not impose a cash advance limit beyond the overall credit limit, hence the 100% figure.

Cash advances from Wells Fargo ATMs require a PIN and cannot exceed $500/day. Terms may apply so be sure to refer to the important credit terms for more details.

(The information related to Wells Fargo Platinum card has been collected by CardRates.com and has not been reviewed or provided by the issuer or provider of this product or service.)

What is a Credit Card Cash Advance?

A credit card cash advance is a loan from the issuer of your credit card. Like any loan, it has an interest rate (the card’s cash advance APR) and other terms (i.e., daily interest accrual and monthly minimum payment due).

Usually, cash advance APRs exceed 20%, making this an expensive way to borrow money. Nonetheless, it’s also just about the fastest way to get an emergency loan since the maximum loan amount is already pre-authorized.

That maximum amount is usually a percentage of a credit card’s overall credit limit. Charge cards, which include many cards offered by American Express, have no stated credit limits, so these cards establish fixed maximum cash advance limits.

How Does a Cash Advance Work?

When you apply for a credit card, the credit card company assesses your creditworthiness. If your application is approved, you’ll receive the card along with a credit limit and, if cash advances are permitted, a limit on these as well.

You can get a cash advance by using your credit card account as an ATM card for an ATM withdrawal. However, you first must obtain a PIN to allow you to use the ATM.

Other ways to get a cash advance include interacting with a teller at a financial institution, requesting a direct deposit online or through a mobile app, or automatically covering an overdraft on a linked checking account or another financial account.

How to Make a Cash Advance with a Credit Card

The amount you can borrow is capped by your cash advance limit (or your credit limit if there is no separate cash advance limit), your current cash advance balance, and any particular daily limits (such as those often imposed on ATM cash withdrawal transactions).

Fees, including an ATM fee, are tacked onto the advance amount and interest begins accruing on a daily basis starting on the day you received the cash advance.

You can repay your cash advance at any time but you must make at least the minimum payment monthly. Failure to do so will result in late fees and possibly a penalty APR. Because the APRs on cash advances are high, you normally only take an advance for emergencies and repay them as quickly as possible.

How Do I Know My Cash Advance Limit?

Your monthly credit card statement can tell you your cash advance limit. Find the standardized account summary section for the end-of-cycle figures, including:

  • Cash advances made during the cycle
  • Credit line
  • Available credit
  • Cash access line
  • Available for cash

Your cash access line is the limit for cash advances. It usually represents a percentage of your overall credit limit, or simply a fixed amount if your card has no preset spending limits.

The amount available for cash advances is correct as of the last day of the billing cycle. Obviously, any repayments or additional advances since that date will change this figure.

Two more important figures in the account summary section are the fees and finance charges incurred during the billing cycle. These figures will include any of the cycle’s fees for new advances and the finance charge you incurred during the cycle on your cash advances. Interest on cash advances accrues daily, starting with the card transaction date.

What is the Maximum Cash Amount I Can Withdraw?

The maximum cash advance you can withdraw is called the cash access line in your credit card statement. That number remains unchanged unless you are granted a higher cash advance limit. The item “available for cash” on your statement refers to how much was available for cash advances as of the last day of the billing cycle.

“Available for cash” is equal to the cash access line minus cash advances. For example, if you have an $800 cash access line and have taken $300 in cash advances, you still have $500 available for cash.

Any activity involving cash advances occurring after the cycle end date will appear on the next statement, but you can get up-to-the-minute figures online and/or via a mobile app.

Which Credit Card Gives the Highest Cash Advance Amount?

To identify the credit card account with the highest cash advance amount, look at the percentage of the overall credit limit available for cash advances. In truth, the amount you will have available for cash advances depends on your credit rating and your overall credit limit.

Naturally, cards that market to consumers with excellent credit should have the highest cash advance limits. Many cards set the maximum cash advance amount at 30% to 50% of the overall credit limit. Our top-rated cards for excellent credit are as follows:

Discover it® Cash Back Review

at Discover Card'ssecure website

EXCELLENT CREDIT RATING

★★★★★
4.9

OVERALL RATING

4.9/5.0
  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate.
  • Plus, earn unlimited 1% cash back on all other purchases - automatically.
  • Redeem cash back in any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • No annual fee.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 14 months
0% Intro APR for 14 months
11.99% - 22.99% Variable APR
$0
Good/Excellent
Discover it® Balance Transfer Review

at Discover Card'ssecure website

EXCELLENT CREDIT RATING

★★★★★
4.9

OVERALL RATING

4.9/5.0
  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. You could turn $150 cash back into $300.
  • Earn 5% cash back on everyday purchases at different places each quarter like Amazon.com, grocery stores, restaurants, gas stations and when you pay using PayPal, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • Get your free Credit Scorecard with your FICO® Credit Score, number of recent inquiries and more.
  • No annual fee.
  • Discover is accepted nationwide by 99% of the places that take credit cards.
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% Intro APR for 6 months
0% Intro APR for 18 months
11.99% - 22.99% Variable APR
$0
Good/Excellent

EXCELLENT CREDIT RATING

★★★★★
4.8

OVERALL RATING

4.8/5.0
  • Enjoy a one-time bonus of 60,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $600 in travel
  • Earn unlimited 2X miles on every purchase, every day
  • Miles won't expire for the life of the account and there's no limit to how many you can earn
  • Receive up to a $100 credit for Global Entry or TSA PreCheck®
  • Earn 5X miles on hotels and rental cars booked through Capital One Travel, where you'll get our best prices on thousands of trip options
  • Use your miles to get reimbursed for any travel purchase—or redeem by booking a trip through Capital One Travel
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
N/A
N/A
15.99% - 23.99% (Variable)
$95
Excellent, Good

While Amex lists a $10,000 cash advance limit on its ultra-ritzy American Express Centurion® Card, we have the sneaking suspicion that cardholders can negotiate a higher limit — much higher.

Can I Withdraw More Than My Cash Advance Limit?

Card issuers set their own policies when it comes to advancing cash in excess of your approved limit. Some issuers may simply decline the transaction. However, other issuers may approve the transaction but charge you penalty fees and perhaps a penalty APR.

If you are allowed to withdraw more than your cash advance limit, you will be expected to repay the overage and fees by the next due date. The overage will be added to the minimum payment due.

If you find yourself repeatedly needing over-limit cash advances, consider asking the card issuer for a higher cash advance limit or look for a new card that will be willing to grant you a higher cash access line. You can improve your chances of qualifying for a higher credit limit by taking steps to boost your credit score, decreasing your debt-to-income and/or credit utilization ratio, reducing overall credit card debt, and paying your bills on time.

Does a Cash Advance Affect My Credit Limit?

Typically, your credit limit does triple duty. It governs the amount available for your credit card purchases, cash advances, and each balance transfer. This is true even if all three types of transactions incur a different interest rate, as is often the case for a balance transfer or cash advance.

Taking a cash advance doesn’t affect your credit limit per se, but it does reduce your credit available. For example, if your overall credit limit is $5,000 and you take a $500 cash advance, your remaining credit available is $4,500. Typically, the amount available for a cash advance is some percentage of your overall credit limit.

If you find yourself constantly hitting your card’s cash withdrawal limit, consider asking the issuer for a credit line increase. You can help the process by taking steps to improve your credit score, such as making all your payments on time and not carrying a large cash advance balance on your cards.

How to Increase Your Credit Card's Credit Limit

Alternatively, you may want to get a credit card with a more generous credit limit, either as a replacement for your current one or simply as an additional source of credit.

Cash Advances Can Help When You’re in a Bind, But Should Only Be Used with Caution

Credit cards provide revolving credit, meaning you are given a preapproved credit line you can use as you wish. So, when you want a cash advance, you can get one up to the card’s cash withdrawal limit without having to fill out a new credit application.

The revolving nature of credit cards is very attractive because you can use your credit immediately and you only pay interest on the credit you use. Thus, if you need money in a hurry, a credit card cash advance up to the cash advance limits can really save your bacon. But beware, with APRs up to 30% or higher, the cost can mount up quickly and, in the worst case, throw you into a credit card debt spiral that can lead to bankruptcy.

Consider some other ways to handle a sudden need for cash. Start with an emergency savings fund where you stash up to six months of expenses. If you own a home, an excellent source of low-cost cash is a home equity line of credit. It’s also a revolving credit facility, but the interest rate is much lower than for credit card APRs.

Another preferable alternative is an online personal loan. If you qualify, you can get funding in a day or two, and the interest rate should be below that for credit card advances.

In all cases, do not get a payday loan. It’s hard to find a higher interest rate than the one you’ll be charged on a payday loan.

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