Credit Card Cash Advance | Capital One Help Center (2024)

FAQs

How do I withdraw a cash advance from Capital One? ›

If the bank lobby displays the Visa or Mastercard logo, you should be able to take out a cash advance with a bank teller. All you'll need is your Capital One credit card and a government-issued photo ID, such as a driver license. After your cash advance is complete, you'll receive your cash from the ATM or bank teller.

Look at your most recent credit card statement and find your Cash Advance Limit. Keep in mind, sometimes ATMs have additional limits. You also must have sufficient total credit line available to take a cash advance.

It usually comes with: A higher APR than you pay on credit card purchases (Cash advances are the most expensive credit card products from an interest perspective.) Additional cash advance fees that are figured as a percentage of the loan amount (Sometimes this fee is as much as 5%.)

A cash advance on a credit card is just what it sounds like: using a credit card to withdraw cash against the card's credit line. While a cash advance can offer flexibility, there's typically a trade-off in terms of fees and higher interest rates.

Go to an ATM and insert the credit card. Enter the credit card PIN (call the number on the back of the card to find out the credit card PIN or to set one up). Select the appropriate options if offered: “cash withdrawal” or “cash advance.” If asked to select between “credit” or “debit,” select “credit.”

Issuers usually cap the available amount at a percentage of your card's credit limit. So, if you have a $5,000 credit limit and your card issuer caps your cash advance limit at 30%, for example, then your maximum cash advance would be $1,500.

How to withdraw money from a credit card without a PIN. Sometimes you can use a pay code-enabled ATM to withdraw money from a credit card without a PIN. If this option is available, you can use your card from your mobile app, prompting a QR code for you to scan at the ATM, allowing you to withdraw cash without a PIN.

Find out your card's cash advance limit

You can typically find this on your most recent statement. You can also call your card issuer or check your online account.

You can get a Credit One credit card cash advance by using your credit card and a corresponding PIN at a participating ATM. You can withdraw cash, up to your card's available cash limit. If you don't have a PIN, you can request one either online or by contacting Credit One customer service at (877) 825-3242.

If you have reached your cash advance limit, then you won't be able to withdraw any more cash. Late payments or over the limit: If you have a history of late payments or have exceeded your credit limit in the past, your credit card issuer may decline your cash advance request.

How much does Capital One charge for cash advances? ›

Fees. For almost all Capital One credit cards, you'll pay a cash advance fee of either $10 or 3% of the amount of the cash advance (whichever one is greater). Here's how that would work.

Cash advances are typically capped at a percentage of your card's credit limit. For example, if your credit limit is $15,000 and the card caps your cash advance limit at 30%, your maximum cash advance will be $4,500.

Insert your credit card or use a cardless ATM option to access your account. Enter your credit card PIN. Capital One cardholders can request a PIN online. Select the cash advance or withdrawal option when prompted and follow the instructions on the ATM screen.

It is possible to use a credit card to transfer money into a bank account by using a cash advance or balance transfer check, but we can't recommend it. Cash advances are risky because of the high interest rates and costly one-time fees. Balance transfers can lead to more debt if they're not handled correctly.

Simply insert your debit card and input your Personal Identification Number (PIN) to withdraw cash, make deposits and check your account balance.

You simply write the check and make yourself the payee. Then, you can cash or deposit that check. This is one way to get a cash advance without needing your credit card PIN. Make sure to read the terms and conditions related to the check before using that option.

When you first get your card, you are usually given the option of selecting your own PIN, receiving a system generated PIN, or declining a PIN.