How much is the Capital One Quicksilver cash advance limit?

This question is about the Capital One Quicksilver Cash Rewards Credit Card

Benny Joseph, Football and Finance!

@Benjy_1 06/17/19 This answer was first published on 06/17/19. 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.

Permalink Report

Your Capital One Quicksilver cash advance limit will be a portion of your entire credit limit, which is based upon your credit standing, income and debt. So those limits are ultimately very individualized.

You can find your exact limit on your latest monthly statement, under Available Credit for Cash Advances.

Capital One Quicksilver Cash Rewards Credit Card

4,753 Reviews

Learn More

SUE PATTERSON, MPH student

@sweetsue 05/05/20 This answer was first published on 05/05/20. 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.

Permalink Report

The Capital One Quicksilver cash advance limit is a fixed percentage of the card’s total credit line. For example, if the Quicksilver card has an $8,000 credit line and 25 percent of the credit line is available for cash advances, then the maximum cash advance amount is $2,000. The limit varies depending on the cardholder’s creditworthiness. The cash advance limit is listed on each month’s statement as “Available Credit for Cash Advances.”

You cannot make a cash advance if your available credit for cash advances is less than the transaction amount. And make sure you’re aware of additional costs such as cash advance fees and any ATM charges before making a cash advance. The Capital One Quicksilver cash advance fee is $10 or 3% of the transaction, whichever is higher. The Quicksilver cash advance APR is around 25% - 26%. Interest accumulates daily starting on the date you withdraw the cash.

People also ask

How much is the Capital One cash advance limit?

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.… read full answer

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.

show less

How do I get a Capital One cash advance?

You can get a Capital One cash advance by making an ATM withdrawal using a Capital One credit card along with a custom account PIN. You can get or reset your PIN from your online account or by calling (800) 348-9142. You may be able to get your PIN instantly either by text or e-mail. In other cases, you will get it by mail in 7-10 business days. Other ways to do a Capital One cash advance include using a convenience check or visiting a Capital One branch.… read full answer

A Capital One cash advance is convenient if you need emergency cash. But it is an expensive transaction. You’ll be charged a 3% cash advance fee ($10 minimum) for each transaction, along with any ATM fees. You’ll also be charged a cash advance APR as high as 26.99% that kicks in immediately.

show less

WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.

WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.

Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.

Ask a Question

140

Ask Question

WalletHub Transparency

We are committed to being fully transparent with our readers. Opinions expressed here are the author’s and/or WalletHub editors'. WalletHub editorial content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by any company. In addition, it is not any company’s responsibility to ensure all questions are answered.