You can use your Capital One credit card for an ATM withdrawal, by just inserting the card into the machine, entering the card’s PIN, and selecting the “cash advance” menu option. Enter an amount to withdraw the cash. And don’t forget to collect your card and cash before you leave. The exact steps may differ depending on the ATM used. Cardholders who don’t have a PIN yet can order one through their online account or by calling the number on the back of your card.
Capital One credit card holders can make an ATM withdrawal at any ATM with a Visa or Mastercard symbol, which is just about every ATM. You can use any Capital One, MoneyPass or AllPoint ATM for free – that’s over 70,000 locations nationwide. If you use an ATM that doesn’t belong to Capital One or AllPoint, you might get charged a small fee by the ATM owner. You can find a fee-free location near you on Capital One’s website.
Even if using the ATM is free, there are still costs for a Capital One credit card ATM withdrawal. All Capital One credit cards charge a 3% (min $10) cash advance fee. And while cash advance APRs vary by card, they’re all from 24.49% (V) and above. Interest starts accruing immediately on a cash advance, with no grace period. So, try not to make a Capital One credit card ATM withdrawal unless you’re in an emergency situation.
Another important thing to remember is that Capital One cards have a cash advance limit, which is the maximum amount of money you can withdraw until you pay some or all of it back. You can find this limit on your monthly statement.
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