Call Bank of America customer service at 1 (800) 732-9194 and request a PIN, if you don’t already have one.
Insert the credit card at an ATM and enter the PIN.
Select the cash advance option on the ATM screen.
Enter the amount you’d like to withdraw.
Withdraw the cash and remove the credit card from the ATM.
Before you take out a Bank of America Premium Rewards credit card cash advance, it’s important to note that it is a very expensive transaction. For starters, a cash advance fee and a separate cash advance APR apply as soon as you withdraw the cash. There may be ATM-owner fees, too.
The Bank of America cash advance fee is either 3% or 5% of the amount withdrawn, with a $10 minimum. Whether you get charged a 3% or 5% BofA cash advance fee depends on how you get your cash. If it’s from an ATM, for example, you pay 5%. But if you get it as a direct deposit to your bank account in 1-3 business days, you pay 3%.… read full answer
In addition to the Bank of America cash advance fee, you’ll owe interest at a variable rate of 15.99% to 28.99%, depending on how you get a cash advance, your creditworthiness and income. This interest compounds daily. So, each day you’ll owe interest on both the original balance and any interest charged on your cash advance in previous days.
Between the high interest rate and big fee, a BofA cash advance clearly is not good for your wallet.
Bank of America Cash Advance Fee by Transaction Type:
Withdrawing money from an ATM: 5% cash advance fee
Getting cash from a bank teller: 5% cash advance fee
Same-day direct deposit to your bank account: 5% cash advance fee
Buying cash equivalents like money orders or casino chips: 5% cash advance fee
1-3 business day direct deposit to your bank account: 3% cash advance fee
Cash advance check that uses your card’s credit line: 3% cash advance fee
Bank of America cash advance fees are similar to what other credit card companies charge. Chase, Citi, American Express, and Wells Fargo have 5% cash advance fees, for example. Capital One has 3% or 4% cash advance fees and U.S. Bank charges 3% or5% of the amount of each advance. No matter who issues your card, cash advances will always be expensive.
To get a Bank of America credit card PIN, call the number on the back of the Bank of America card and ask customer service for a PIN. Another way to get a Bank of America credit card PIN is by logging in to an account online and requesting a PIN through the Bank of America website. A credit card PIN is needed to get a cash advance at an ATM in the United States, or to make certain purchases when traveling abroad.… read full answer
Best Way to Get a Bank of America Credit Card PIN
Call Bank of America customer service at 1-800-732-9194 or call the number on the back of your Bank of America credit card.
Inform the representative that you want a credit card PIN.
Receive the PIN in the mail, over text, or by email. It’s unlikely that Bank of America customer service will be able to provide a PIN over the phone.
If your credit card had a PIN in the past, but you’ve forgotten or misplaced it, Bank of America may tell you to look for the PIN before they generate a new one. It may be listed in credit card-related mailings or your online account.
If you need a PIN for a cash advance, it’s important to note that cash advances have high fees and interest rates, so you generally want to avoid them whenever possible. And while adding a PIN will make your card slightly more useful abroad, you’ll still be able to get around fine in most travel destinations without a PIN.
The Bank of America credit card interest rate can be anywhere from 13.24% (V) to 24.24% (V). It depends on both your credit standing and which Bank of America credit card you apply for. All Bank of America credit card APRs are variable, meaning they can change over time.
BankAmericard® credit card 13.24% - 23.24% Variable regular APR. Intro APR of 0% for 18 billing cycles on purchases and 0% for 18 billing cycles for any balance transfers made in the first 60 days. 3% (min $10) balance transfer fee.
Bank of America® Unlimited Cash Rewards credit card 14.24% - 24.24% Variable regular APR. Intro APR of 0% for 15 billing cycles on purchases and 0% for 15 billing cycles for any balance transfers made in the first 60 days. 3% (min $10) balance transfer fee.
Each Bank of America credit card also has more than one interest rate. There’s the regular APR, which applies to purchases and balance transfers and ranges from 13.24% (V) to 24.24% (V). Several cards have a 0% APR on purchases and/or balance transfers for a certain number of months, before the regular APR takes effect. And if you miss a payment, you could have a penalty interest rate of up to $40. Ultimately, there is also an APR for cash advances that can be anywhere between 17.24% - 27.24% (V), depending on your creditworthiness and the card.
If you want to increase the chances of getting a low Bank of America credit card interest rate, you should make sure your credit is as good as possible before applying. Doing anything you can to bump up your income can also make a difference. But if you pay your credit card bill in full every month, you won’t ever have to worry about the interest rate.
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