Loans & Credit

What Is a Credit Card Cash Advance?

A credit card cash advance is borrowing cash against a credit card’s limit, for example at an ATM. Cash advances usually carry a fee (often a percentage of the amount), a higher APR than purchases, and no grace period, so interest starts accruing from the day the cash is withdrawn.

Cost Example

With a 5% fee, a 400 cash advance costs 20 upfront, plus daily interest at the cash-advance APR until it is repaid.

Separate Limit

Cards often set a cash advance limit lower than the overall credit limit.

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🔗 Related Terms

Grace Period APR (Annual Percentage Rate) Revolving Credit Payday Loan

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Last updated: September 29, 2026. This definition is for general educational purposes only. It is not financial, investment, tax, legal, or medical advice, and it does not recommend any product or course of action. For decisions about your own situation, consult a qualified professional.