How to Get Cash Advance on Credit Card
If you need to get a cash advance on your credit card, there are a few ways to do so. You may need to get a cash advance on your credit card if you need to purchase something from someone who doesn't accept credit cards or if you want to pay off a loan you took out from someone. You only need to contact your credit card company to get started.
- Contact your credit card company. Call the customer service number on the back of your credit card and follow the prompts when you are connected to the credit card company's answering service. If inquiring about a cash advance isn't one of the answering service options, then press zero or stay on the line and wait to be connected to a customer service representative.
- Tell the customer service representative that you want a cash advance. After you are connected to a customer service representative, let the representative know that you want a cash advance on your card. You will be asked whether you want a PIN number for your credit card or if you want to receive checks in the mail so you can get the cash. Let them know your choice.
- Go to an ATM or to the bank. If you requested a PIN number, when you get the PIN number in the mail, take your credit card to an ATM machine and withdraw the cash. If you asked for checks, then write a check out to "Cash" and put the amount you want to receive. Take the check to the bank and either have the check cashed or deposit it in your account.
- Find out if your credit card company will wire you emergency cash. If you have an emergency and need money immediately, some credit card companies, such as Visa, can send cash to a bank for you to pick up. Contact your credit card company if you can't wait for a PIN number or checks to arrive in the mail and see if you can arrange to have money wired to a bank.
- Cash advances usually have higher APRs compared to using a credit card to make a purchase, so make sure you are comfortable with the cash advance APR before getting one.
- Find out what your cash advance limit is from your credit card company. If you go over your cash advance limit, you may incur fees or penalties.