July 22, 2025 · 11 mins read
Santhosh Kumar
Credit cards have been widely used in the present day for multiple reasons. However, do you know that you can also withdraw cash using a credit card? Yes, you can use your credit card for cash withdrawal, but you need to know that it comes with certain limitations. Sometimes, in cases of emergency, you might think of getting cash from it, but you should be aware of the charges that might come with it to make informed decisions. Continue reading this blog to learn more about how much to get cash from a credit card, credit card cash withdrawal, its advantages, and limitations!
The credit card cash withdrawal is often referred to as a credit card cash advance. It is a process that involves the withdrawal of cash with your credit card. You can withdraw the cash from an ATM using a convenience check or visit the bank's branch that supports your credit card.
For this process, the respective bank or financial institution would have already set up a credit card cash withdrawal limit. This is not the same; it varies according to each bank. Additionally, you need to repay the amount with some charges and interest.
Before knowing the answer to "how much cash advance can I get," it is necessary for you to understand what are the things to check and consider before withdrawing the cash from your credit card. It is always better to know things before you perform any actions. It could avoid mistakes or help you from big problems. While using a credit card, you are supposed to be extra careful since a small mistake can lead to money issues and affect your credit score. Let’s check the key factors to consider before withdrawing cash with your credit card:
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In general, the credit card comes with a lot of charges like fees. In such cases, cash withdrawal using a credit card is also not an exception. It can be a costly deal often. Here are the charges that you might face for credit card cash advance:
Cash Advance Fee: It is charged every time you withdraw cash using a credit card. This fee is usually calculated with a specific percentage of the withdrawal amount ranging between 2% and 5%. It is typically an upfront charge imposed by your credit card issuer.
Finance Charges: Each credit card comes with several finance charges if you fail to repay on time. Those charges are applicable to cash withdrawal charges, too.
The interest for cash withdrawal using a credit card will be calculated from the transaction date till the full repayment date. However, the interest rate tends to differ from bank to bank. So, it is essential for you to check the percentage of interest imposed on cash advances to know beforehand how much to get cash from a credit card.
If you repay the cash advance as quickly as possible, you can see a reduction in the interest rate. It can range from 2.5% to 3.5% per month to 30% to 40% per annum. Again, this interest rate is entirely dependent on your respective bank or financial institution.
This is a fixed fee charged by the ATM operator for maintenance or interchange services. You will be given a certain number of free ATM transactions by your bank, and any withdrawal beyond the limit will get an ATM withdrawal fee. Interest rates tend to vary from bank to bank.
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It is important to check your cash withdrawal limit before getting the credit card for yourself. This is due to the reason that before making a credit card cash withdrawal, you can prevent going over the limit. This is because exceeding the limit will also lead to some charges. You will be losing your money if you fail to check such details.
Since credit card users are supposed to repay the amount, a delay in that will lead to late payment fee charges. In the same way, the cash withdrawal process in a credit card works. If you fail to repay the withdrawal amount, you will be charged a certain amount as a late payment fee. This late payment fee percentage is unique from bank to bank.
So far, you have taken into the things to consider before planning for a cash withdrawal using a credit card. Now, let’s look at the steps for it:
1: You can go to any ATM and follow the steps for cash withdrawal, which is similar to debit card cash withdrawal in an ATM.
2: Place your credit card into the machine and enter the PIN for further options.
3: Then, select the option of “cash withdrawal” or “cash advance” from the screen.
4: Now, you are good to enter the amount you would like to withdraw. Make sure that the amount is within the withdrawal limit.
5: After this, you can complete the transaction as usual.
Basically, in any ATM, you can take out the credit card cash. It is not restricted that you can withdraw only from the respective bank’s ATM. On the other hand, you need to know the charges imposed if you’re withdrawing more from other ATMs.
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As a whole process of credit card cash withdrawal, it doesn’t directly impact or affect your credit score. This is because these withdrawals are considered to be regular transactions and are not reported to the credit bureaus for calculation of credit score.
But this doesn't mean that it totally has no impact on your credit score. It indeed indirectly affects your credit score. Factors such as charges, interest rates, and timely payment can alter your credit score. In the meantime, late payments or missing any payments with high outstanding balances are capable of lowering your credit score.
Similarly, failing to make on-time payments or only paying the minimum amount that is due on your credit card bills can have a severe effect on your credit score. It is not only to check for credit card usage charges and fees but also for cash advance charges. By doing this, you can maintain your credit score unaffected.
Basically, credit cards have two kinds of limits, such as the credit limit and the cash limit. The credit limit is the maximum total amount that your credit card issuer allows you to borrow and spend for a specific time, like monthly. On the other side, the cash limit or cash advance limit is the maximum amount you can withdraw from your credit card within a specific time, like monthly. It will answer your question on "How much cash advance can I get.” This cash limit is typically under the credit limit.
For example, consider your credit limit is Rs.10,000. Now, your cash limit is 20%. Hence, your cash advance limit will become Rs. 2,000. Here is a table for you to understand its differences easily:
Feature: Definition Credit Limit: Total amount you can borrow and spend on your credit card Cash Limit: The maximum amount you can withdraw as cash
Feature: Typical Amount Credit Limit: Set based on creditworthiness Cash Limit: Usually 10–30% of credit limit
Feature: Use Cases Credit Limit: Purchases, subscriptions, balance transfers Cash Limit: ATM withdrawals, cash advances, money orders
Feature: Interest Charges Credit Limit: May have a grace period Cash Limit: Starts accruing interest immediately
Feature: Fees Credit Limit: Standard purchase fees (if any) Cash Limit: Cash advance fees + ATM fees
Feature: Interest Rate Credit Limit: Lower Cash Limit: Higher
Feature: Rewards Eligibility Credit Limit: Often earns rewards or cashback Cash Limit: Not eligible for rewards
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Previously, you would have been provided the details on how to withdraw cash from a credit card by visiting an ATM. Here are some other possible ways for you:
First, you can visit any nearby branch of the credit card issuing bank. Upon presenting valid identification for verification, you can request a cash withdrawal, which will be manually processed by a bank teller.
If you're not comfortable withdrawing cash from an ATM or visiting a bank branch, you can consider using convenience checks instead. These cheques are issued by the banks, and you can use them like your personal checks for money withdrawals. When the cheque is cashed, it will be considered as a credit card cash advance.
If you’re in an emergency and need to use your credit card for cash withdrawal without any other option, here are some tips for you to reduce the charges:
1: Borrow the possible smallest amount necessary
2: Repay the balance as soon as possible. Even a few days early repayment can reduce your interest.
3: Try to avoid repeated advances.
4: Check for any promotional cash advance offers since few cards offer lower.
5: Compare fees and interest rates across your cards. Use the one with the lowest cost.
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There are several advantages of using a credit card, as well as how much to get cash from a credit card. You can make the best use of it if you understand how it works in a detailed manner. It will
help you avoid unnecessary problems. So, here are some of its advantages:
1: It is easily accessible in times of immediate cash requirements. You can go to any ATM at any time or visit banks for convenience; either way, it is beneficial.
2: It can be withdrawn if you're in a different country if you have an international credit card.
3: It rejects the option of requiring the bank's approval or any documentation for cash withdrawal.
Though its advantages are appreciable, it has its own disadvantages. Here are some of them:
1: The major disadvantage of it is its immediate interest occurrences.
2: It has withdrawal charges like ATM charges, high cash advance fees, and a lesser cash withdrawal limit.
3: No rewards or cashback are offered for cash withdrawals.
4: Chances of indirectly impacting your credit score in a negative way.
5: The ultimate loss of money with multiple charges.
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Think twice or thrice before you act! That's exactly what needs to be followed when dealing with credit cards. These days, they are common and inevitable, and at the same time, you will be cautious if you are not knowledgeable enough. Therefore, getting cash from your credit card is easy, but it’s rarely effective. Between high fees, immediate interest charges, and potentially damaging effects on your credit score, understanding the full cost and acting quickly to repay the amount can actually help you act smarter.
The amount that you can get with your credit card depends on the bank’s cash advance limit. It is typically a portion of your total credit limit and can range from 20% to 40%. This limit varies from bank to bank, so it is advisable to check beforehand.
What is the procedure to have my credit card cash advance?
You can withdraw cash from your credit card by visiting your nearby ATM, at a bank branch, or through a convenience check. The ATM cash withdrawal is almost similar to your debit card cash withdrawal process.
Yes, the cash withdrawal from a credit card might affect your credit score. While the money transaction doesn’t appear on your credit report as a "cash advance," it increases your balance and credit utilization. It has the possibility to affect your credit score.
No, you won’t be able to pay someone directly with a credit card cash advance. This is because credit cards are created for the purpose of goods and services purchases and not for cash transfers. Additionally, if you use apps like PayPal to send money from your credit card in exchange for cash, it will typically be treated as a cash advance, and interest charges will apply.
You won’t be able to withdraw money from a credit card without a fee. This is because cash advances always have charges. To avoid fees, you can consider the alternatives of using a debit card or explore balance transfers or personal loans instead.
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