Can I do a Capital One Platinum cash advance every day? This question is about the Capital One Platinum Credit Card

Can I do a Capital One Platinum cash advance every day?

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This question is about the Capital One Platinum Credit Card

Frieda Reiss, WalletHub Credit Card Analyst

@freiss • 08/24/21 This answer was first published on 08/24/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, you can technically do a Capital One Platinum cash advance every day, but cash advances are extremely expensive transactions and there are limits. Your Capital One Platinum cash advance limit will be a portion of your entire credit limit, which is based on the specifics of your credit. You can find your exact credit limit on your latest monthly statement, under "Available Credit for Cash Advances." Not only that, but ATMs may have withdrawal limits of their own, which may put further restrictions on how much cash you can get.

Keep in mind that cash advances are very costly transactions. Capital One Platinum charges a cash advance fee of 3% (min $3). On top of that, your cash advance balance accrues interest immediately, with no grace period, at a cash advance APR of 29.99% (V). So it’s a good idea to reserve cash advances for emergencies.

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How do I get a Capital One Platinum cash advance?

You can get a Capital One Platinum cash advance at an ATM as long as you have a credit card PIN. Alternatively, you can take out a cash advance at any bank branch with your credit card and a valid Photo ID.

If you don’t already have a PIN, you can request one through your online account or by calling customer service at (800) 227-4825. To get a Capital One Platinum cash advance PIN online, log in to the Capital One...

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How can I get a Capital One cash advance?

To get a Capital One cash advance, use a Capital One credit card and a corresponding PIN at a participating ATM and withdraw the cash, up to the card’s available cash advance limit. If you do not have a PIN, contact Capital One customer service at the number on the back of your card to request one.

How to Get a Capital One Cash Advance at an ATM

Call Capital One customer service...

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How do I increase my Capital One Platinum credit limit?

You can increase your Capital One Platinum Credit Card credit limit by making a request online, through the Capital One mobile app, or by calling customer service at the number on the back of your card. Alternatively, you may also get a Capital One Platinum credit limit increase without asking, if your account is in good standing.

To raise your chances of being approved for a higher credit limit, pay your bill on time for at least six straight months, reduce your outstanding...

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