How much is the Capital One cash advance limit?

This question is about Capital One Credit Cards

Thomas Friedman, Member

@ultralight11 05/18/20 This answer was first published on 06/18/19 and it was last updated on 05/18/20.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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Your Capital One cash advance limit is a portion of your card’s credit limit, usually 30% to 50% of your total credit limit. These limits are individualized, however, so you may have a different portion allotted for cash advances than other Capital One customers. It’s also good to keep in mind that ATMs can have their own withdrawal limits, so you may not be able to take out your full cash advance limit at every ATM.

To find your Capital One cash advance limit, look at your most recent credit card statement and locate your “Available Credit for Cash Advances,” or log into your Capital One account online and click “View Details” under your card’s name at the top of the page.

Just remember that cash advances aren’t cheap. They usually include cash advance fees of 3%-5%. Also, the cash advance APR is usually higher than your purchase APR and it kicks in immediately, so it's best to avoid them if you have other options.

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Here’s how you can get a Capital One Quicksilver cash advance:… read full answer

At an ATM using your PIN. If you forgot your PIN or need one for your card, you can request one on Capital One’s web page.

At a bank lobby that displays the Mastercard logo. Capital One Quicksilver is a Mastercard, so look out for the logo to know where you can ask a bank teller for a cash advance. You will need to present a government-issued photo ID along with your Capital One Quicksilver.

With a check. If you’ve been given checks by Capital One, you may be able to fill one out yourself and either cash it or deposit it at your bank.

Just be mindful of the fact that credit card cash advances are expensive. Capital One Quicksilver charges a cash advance fee of 3% (min $10). There’s also a 25.49% (V) cash advance APR that starts accruing immediately. In addition, cash advances at a non-Capital One ATM may be subject to additional bank charges.

If you still want to make a Capital One Quicksilver cash advance, keep in mind that there are withdrawal limits, so review your most recent credit card statement to know how much available credit you have for cash advances. Also, don’t forget that paying off the balance works differently than with a regular credit card purchase. That’s because there is no grace period for cash advances. This means interest charges start accruing on the date of the transaction.

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Can I transfer money from my Capital One credit card to my 360 checking account?

Capital One does not allow money transfers between their credit cards and their debit cards. In essence, you can only transfer money to your 360 checking account by linking it to another checking or savings account.

Even if you could do the transfer, it wouldn't be a good idea. Such a transaction would be treated as a cash advance, so you're bound to incur crazy fees and high interest.… read full answer

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