What is a cash advance?

A cash advance is a service provided by most credit card companies that allows you to withdraw cash from an ATM or at your bank using your credit card. Your cash advance limit may be different to your card’s credit limit and the APR you are charged may be different to your card’s usual APR. You’ll be charged interest on a cash advance from the moment you borrow the money to until it’s repaid.

Share this page

Recommended FAQs