The Applied Bank® Secured Visa® Gold Preferred® Credit Card cash advance fee is 5% (min $5) per transaction, whichever is higher. Taking out a cash advance on the Applied Bank Secured Gold Card is not a good idea, though, because secured credit cards require a deposit up-front, which will usually become your credit limit. If you take out a cash advance on a secured card, you are essentially borrowing the cash from your own deposit, with fees and interest.
The best cash advance credit card is the PenFed Pathfinder® 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%.
Cash advances typically cost around 3.85% of the withdrawn amount. A cash advance fee is usually applied every time you use your credit card to get a cash advance.
In addition to expensive cash advance fees, there is also a high cash advance APR (24.44%, on average). From the moment you withdraw the money, your credit card company will immediately begin charging you interest. Note that the charges will continue to mount until you pay...
A credit card cash advance limit is the maximum amount a cardholder can withdraw from the card’s full credit line as a cash advance. Your credit card cash advance limit will be a certain percentage of your whole credit card limit. Some online reports mention that the cash advance limit is usually from 5% to 30% of your credit card limit. Note that this percentage can vary based on the card issuer.
WalletHub is committed to transparency and editorial independence. The information about the following cards has been independently collected by WalletHub: Star One Visa Signature Rewards Card, Navy Federal Credit Union Visa Signature® Flagship Rewards Credit Card, DCU Visa® Platinum Secured Credit Card, and Santander® Ultimate Cash Back® Credit Card
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