Chip Lupo, Credit Card Writer
@CLoop
You can get a Capital One Spark Miles for Business cash advance at an ATM, bank, or credit union. If you're using an ATM, you'll first need to contact Capital One customer service and request a cash advance PIN before withdrawing your funds. If you’re doing a cash advance with a teller at a bank or credit union branch, you won’t need a PIN, but make sure you bring your driver’s license or another ID.
Capital One Spark Miles for Business Cash Advance Locations
- ATMs
- Banks
- Credit unions
It’s also worth pointing out that certain transactions you might assume to be purchases are actually viewed as cash advances by Capital One. For example, you will be charged cash advance fees and interest rates if you send money using a money transfer app. Also, buying traveler's checks, money orders, lottery tickets, gaming chips, wagers, foreign currency and other similar "cash-like" items with your card will be treated like a cash advance. By making these transactions, you may end up paying the cost of a cash advance without the benefit of cash in your pocket.
Cash advances should be treated as a last resort due to their high costs. You’ll pay interest from the day you take out the cash, often at a higher rate than your normal purchase APR, and Capital One will charge you a cash advance fee of 5% (min $5). There may even be ATM fees if you use an out-of-network machine.
To learn more, check out WalletHub’s guide to credit card cash advances.
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People also ask
Can I get a cash advance with the Capital One Spark Miles card?
To get a Capital One Spark Miles for Business (see details, rates & fees) cash advance:
- Call Capital One customer service at the number on the back of your card 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.
What is a credit card cash advance limit?
A credit card cash advance limit is the maximum amount you can withdraw from the card’s full credit line as a cash advance. Cash advance limits often range from around 5% to 30% of your credit card limit, according to online reports, though the percentage can vary based on the card issuer.
The cash advance limit is also called cash credit line or cash access line, depending on the card issuer. They all refer to the...
read full answer by WalletHub, Financial CompanyWhat is the Capital One Spark Miles for Business cash advance limit?
The Capital One Spark Miles for Business (see details, rates & fees) cash advance limit is equal to a portion of your overall credit limit, and you can find more details on your monthly statement or by calling Capital One customer service. You'll also need to contact customer service to get a PIN if you're getting a cash advance at an ATM.
Key Things to Know About Capital One Spark Miles for Business (see details, rates & fees) Cash Advances
- The Capital One Spark Miles for Business (see details, rates & fees) charges fees and separate interest rates for cash advances. It...
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