Bear in mind that when you make a cash advance, you will incur other costs in addition to the Blue Cash Preferred cash advance fee. There’s a separate cash advance APR that applies immediately after you complete the transaction. The ATM owner may also impose additional charges.
You can get a Blue Cash Preferred cash advance at participating ATM locations worldwide that accept American Express cards. You will need the Blue Cash Preferred and the PIN (Personal Identification Number) you received when you opened the account. You can view or change your PIN under the “Card Management” section of your … read full answeronline account. If do not have access to your PIN, call customer service at (800) 227-4669 to request a new one.
Here is what you need to know about Blue Cash Preferred cash advances:
How to get one: Use your card to withdraw cash from one of the participating ATMs worldwide. You will have to use your designated PIN. You can see your PIN or change it in the Card Management section of your online account. If you do not see your PIN or haven’t received one, you can request one at (800) 227-4669.
Cash advance APR: 25.99% (V). Keep in mind that unlike regular purchases, your cash advances accrue interest immediately, with no grace period.
Cash advance fee: Each cash advance is subject to a fee of 5% (min $10).
Cash advance limit: American Express assigns you a cash advance limit that is part of your overall credit limit. These can be viewed on your billing statements.
Cash equivalents: Cash advances also include travelers or gift checks, money order, digital currency, casino gaming chips, race track wagers and similar online and offline betting transactions.
As you can see, cash advances are expensive transactions. So unless you need emergency cash, you should avoid them.
The Blue Cash Preferred card annual fee is $0 intro 1st yr, $95 after. Blue Cash Preferred’s $95 annual fee, which starts the second year, is higher than the average annual fee among new credit card offers right now. It’s not the only fee you need to worry about with the Blue Cash Preferred® Card from American Express, either.… read full answer
Yes, Blue Cash Preferred is hard to get because it requires a credit score of 700+ for approval, which means you need good to excellent credit to get this card. Since the average credit score is lower than this requirement, most people will not be able to get the Blue Cash Preferred card.Since the … read full answeraverage credit score is lower than this requirement, most people will not be able to get the Blue Cash Preferred card.
You also won’t get approved for the Blue Cash Preferred card if you already have five Amex cards, if you’ve already applied for an Amex card in the past five days, or if you’ve already applied for two Amex cards in the past 90 days.
Having said that, it is also worth noting that your credit score isn’t the only thing the issuer takes into account while considering your application. Various other factors will also determine the outcome, like your credit history, your income and any debts you might have.
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