Most of us know how to use a credit card to make a purchase, but not everyone knows how to get cash from a credit card at an ATM. If you use a credit card to request cash advance, you can withdraw money from your credit card, use it to pay rent, pay friends and family, and cover your bills.
Can I get cash advance using my ATM credit card? absolutely. Should you do it? Not unless you need to. Cash Advance comes with additional charges and high interest rates, so it should only be used as a last resort. Here are some things you need to know about how Cash Advance works, how to get cash from your credit card at an ATM, and which Cash Advance alternatives should be considered before robbing your money from your credit card.
What is Cash Advance?
Cash Advance is a transaction that allows you to withdraw money from a credit card. Instead of using a credit card to purchase products or services, you basically use a credit card to purchase cash. Money withdrawn during Cash Advance will be part of your credit card balance.
Getting cash from a credit card is one way to secure money when you need it, but requesting cash advances at an ATM is costly. Expect to pay cash advance fees at the ATM and pay a higher interest rate on the cash you withdraw.
In most cases, Cash Advanced interest rates are between APR 20-25%, and there is no bounty period in which you can repay your balance without earning the interest charged. That cash advance APR begins immediately.
To minimize cash advance costs, pay off your credit card balance fully as soon as possible. The longer you maintain cash advance without repaying your credit card, the higher the risk of acquiring high-profit card debt.
How to withdraw money using a credit card at an ATM
If you need to steal money from your ATM credit card, here is how to request a cash advance:
- Insert your credit card into the ATM
- Enter your credit card pin
- Select the “Cash withdrawal” or “Cash Advanced” option
- Select the “Credit” option if necessary (you can select Check, Debit, or Select Credit)
- Enter the amount of cash you want to withdraw
- Allowing to accept transaction-related fees
- Complete the transaction and collect cash
Using a credit card at an ATM is very similar to using a debit card. Please accept the fees and fees and collect money so that you can withdraw cash as directed.
Things to consider before taking cash advance
There may be instances where you need to take your cash advance away due to an emergency, but despite taking you to the ATM with your credit card, despite what you’ve taken me to the ATM, despite what you’re doing, you should plan to repay the cash advance as quickly as possible. With all of this in mind, however, Cash Advance has three major drawbacks: Let’s take a look at some.
Cash advance fee
First, every time you use your credit card at an ATM, the bank charges a cash advance fee. As ATM fees are already higher than ever, paying additional cash advance fees for ATM transactions is an additional fee you’ll try to avoid whenever possible. The exact fees charged will vary by issuer.
Cardholders can find this information in the Terms of Use of the Card. Be sure to read them carefully before accepting your destiny with the withdrawal of Cash Advance.
High interest rate
Cash Advanced interest rates can be much higher than the interest rates the credit card issuer charges for purchases. Cash Advance does not have a bounty period, so the interest will start to accumulate immediately. Cash Advanced interest rates can seriously add to your debt, especially if you have a credit card balance per month.
Negative effects on credit scores
The third drawback of Cash Advance is related to your credit score. Getting cash advance will reduce your available credits, so be prepared for your credit score to go down. In other words, if your balance is not repaid and interest starts to accumulate immediately, your credit usage will rise and your credit score will decrease. You can also expect your lender to view you as more credit risk. Because people generally only request cash advances if they don’t have enough money in their checking accounts to cover the costs that require cash.
Cash Advance Alternatives
If you need cash but don’t want to pay the additional costs associated with cash advances, there are a few options. If you have a debit card, you can withdraw money from the ATM without paying a cash advance fee as long as you use the ATM on your bank’s network. You can also access your bank branch and cash your checks directly.
If you need to use a credit card to make cash payments because you don’t have enough money in your checking account to cover costs, check if there are other ways to transfer your money. Peer-to-peer payment apps such as Venmo and Square Cash (often called Cash apps) allow you to send money to friends and family. This means that if you want to get cash to pay back to your friends or relatives, you might be able to do a Venmo or a cash app instead.
Please note that both Venmo and Square Cash charge 3% of credit card transactions. Additionally, some credit card issuers code peer-to-peer payments as cash advances. Therefore, whenever possible, we recommend using a debit card or linked checking account with your Venmo and Cash app.
Finally, we recommend considering a personal loan. If you need cash immediately, but don’t want to deal with the high costs of cash advances, your personal loan will get the money you need at a much more reasonable interest rate. As of June 2025, the average personal loan interest rate was below 13%. When you take away your personal loan, you will receive a lump sum that can be used to pay rent, pay your medical bills, and cover other types of expenses that require cash.
Conclusion
Remember, cash advances should always be considered a last resort. It is important to drain all other options before deciding to get cash from your ATM credit card, including debit cards, payment apps, and personal loans. If the opportunity presents itself, you can even borrow cash from a friend. Cash Advanced interest rates tend to be higher than regular purchases, so if you can’t repay your account balance quickly, keep in mind your financial outcomes.
