WebFeb 28, 2024 · When you request a cash advance from your credit card, the bank charges a fee based on the amount of cash you withdraw. The fee is a percentage of the withdrawal, with a minimum fee amount, even for small transactions. A typical cash advance fee is 3% to 5% of the amount withdrawn and a minimum of $10. For a $300 cash advance, the … WebA cash advance is a loan offered by your credit card issuer. When you take out a cash advance, you're borrowing money against your card's line of credit. You must repay this loan and the amount you transfer cannot exceed the current balance available on your credit card. The amount that is transferred is then added to your credit card balance.
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