You cannot get an Apple Card cash advance because the Apple Card does not allow cash advances at all. While you can’t get cash from this card, you can use the Apple Card for purchases wherever cards on the Mastercard network are accepted.
The fact that Apple Card cash advances are not an option might actually be a blessing in disguise. Cash advances are very expensive, thanks to a cash advance fee and a separate cash advance APR that apply as soon as you withdraw the cash. There may also be ATM-owner fees, depending on where you make the cash advance.
The best cash advance credit card is the PenFed Platinum Rewards Visa Signature® Card because it has a 0% cash advance fee and a low cash advance APR: 17.99%. All PenFed cards have 0% cash advance fees and fairly low cash advance APRs. But this is very uncommon for other issuers. Cash advance fees are typically 3%-5%, and cash advance interest rates are usually over 20%.… read full answer
Unfortunately, no credit card offers free cash advances. All credit cards charge interest on cash advances, at least. And that interest always starts accruing the moment you take out the advance. But if you get a card with no fee and pay off the balance right after doing a cash advance, you shouldn’t have to deal with much in the way of extra costs.
Some of the best cash advance credit cards also offer some excellent rewards. For example, the PNC Premier Traveler card offers 30,000 miles for spending $3,000 in the first 3 months. And it gives 2 miles / $1 on all purchases.
The PenFed Platinum Rewards Visa offers 5 points per $1 spent on gas and electric vehicle charging stations, 3 points per $1 at supermarkets and restaurants, 3 points per $1 on cable, satellite and other pay television/radio/streaming services, as well as 1 point per $1 on all other purchases. And it gives a 15,000 points for spending $1,500 in the first 3 months. Only PenFed members can get the card, but anyone can join PenFed, all you need to do is simply fund a savings account with at least $5.
There are no cash advance-fee-free credit cards. Every time you use your card at an ATM you're charged with a high cash advance fee and there's no grace period on interest, so it starts accruing immediately. That's why you should avoid cash advances to begin with.
There are plenty of credit cards that offer low APRs though, and the best you can get are the Chase Freedom and the Discover it Cash Back, but a credit score of at least 700 is required.… read full answer
The only 0% APR cash advance credit cards are from Justice Federal Credit Union. Its cards have a six-month 0% introductory APR on cash advances. After that, the APR is 11.9% to 18%, depending on the card and your creditworthiness. But even though these cards have 0% APR cash advances, there is a cash advance fee of 2% of the transaction or $10, whichever is greater. The maximum cash advance fee is $50.… read full answer
The drawback, as is the case with most credit unions, is that you’ll have to meet specific membership requirements to be eligible. Justice FCU limits membership to employees (including retirees and family members) of the Department of Justice, Department of Homeland Security, U.S. Courts system and a number of law enforcement agencies and associations. For a complete list of eligible entities, click here. Unless you belong to one of these categories, you won’t be able to get a 0% APR cash advance credit card.
All major credit card issuers will charge interest and fees on a cash advance transaction. You’ll pay an interest rate usually higher than the card’s regular APR. That interest accrues immediately after you withdraw the cash, and there is no grace period. In addition, your credit card will charge you a cash advance fee of 3% to 5% of the amount withdrawn. You may also be charged a fee by the ATM or bank from which the transaction was made. 0% APR cash advance credit card offers are the exception, not the norm.
Here is more on 0% APR cash advance credit card offers:
All major credit card issuers will charge interest right away on a cash advance transaction.
Justice Federal Credit Union offers six-month 0% APR cash advance credit card offers.
To join Justice FCU, you must be an employee (or family member of an employee) at the Department of Justice, Department of Homeland Security, U.S. Courts system, or a number of law enforcement agencies and associations.
A cash advance is a withdrawal of money from your credit line. Interest starts accruing immediately after you withdraw the cash. Interest compounds daily, which means you’ll pay interest on top of any interest already accrued.
A cash advance APR is often higher than the card’s regular purchase APR. There is no grace period on a cash advance.
Most credit cards will also charge a cash advance fee of 3% to 5% of the amount withdrawn. That’s on top of any fee(s) charged by the bank and/or ATM where the transaction occurred.
If you must take out a cash advance, your best bet is to find a credit card that offers no cash advance fee and a lower APR.
The Fort Knox Federal Credit Union Visa Platinum Card has an 11% - 18% APR (V). The PenFed Promise Visa charges 17.99% (V). Neither card has a cash advance fee.
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