Credit Card Fees Explained - Cash Advance Fee

When you are about to apply for a new credit card or have recently acquired one you suddenly realize there is a plethora of fees that can
be associated with having a credit card. You can encounter an application fee, an annual fee etc.

Credit cards that let you take out cash advances typically charge a cash advance fee. The fee gets charged each time you take a cash advance.

The cash advance fee is around 1-3% of the advance amount per each advance.

In order to get cash advance from your credit card you would just use a ATM machine and get the money instantly. If your credit card allows cash advances they will specify on the billing statement what the maximum amount for a cash advance is. It's typically a small percentage of the overall credit limit.


Many credit cards allow you to take cash advances. If you do not want to pay the fees associated with cash advances you can select a credit card that doesn't allow cash advances or simply not use the cash advance option on your card.