What is a cash access credit line?

A Chase cash advance generally costs: Either $10 or 5% of the amount of each transaction, whichever is greater. Some exceptions are certain Chase’s business credit cards, as well as some co-branded cards. Moreover, interest begins accruing on a cash advance immediately; the Chase cash advance APR is 29.49% (V) for most cards, which is a lot higher than each card’s regular APR.

Here's what you should know before getting a chase cash advance:

• Chase Cash Advance Fee: Either $10 or 5% of the amount of each transaction, whichever is greater. This goes for the vast majority of the cards.
• Chase Cash Advance APR: 29.49% (V) for most Chase credit cards. This rate kicks in right when you withdraw the money.
• PIN: A PIN is required to get a Chase credit card cash advance at an ATM. You can call the number you see on the back of your card to request a PIN from Chase customer service.
• How to Do It: You use your Chase credit card like a debit card to get money from an ATM. Your cash advance balance is the amount you withdraw, plus the cash advance fee.
• Limits: Many cards have a separate cash advance limit, which is a portion of their overall credit limit. For example, while your limit might be $1,000, if your cash advance limit is 10%, you'll only be able to withdraw $100.

So, to put it simply, cash advances are expensive. You really should avoid them entirely unless you’re in an emergency situation and a cash advance is your only option. If you do have to make one, you can’t avoid the fee, but you can prevent a lot of the interest if you repay your balance right away. But you should also know that cash advances will look bad to your issuer, and could also hurt your chances of getting a credit limit increase in the future.

You can get cash from a credit card through rewards redemption or by doing a cash advance. Rewards are the better option because they actually save you money. Cash advances have very high fees and interest, so they’re more of a last resort than anything else. If you do get one, you’ll want to pay it back as quickly as possible.... read full answer

Here’s how to get cash from a credit card:

• Earn and redeem rewards: There are lots of cash back credit cards. Typically, they’ll give you at least 1% cash back on all purchases, and sometimes higher rates on specific categories of purchases.
• Do a cash advance: You can make an ATM withdrawal with your credit card to turn some of your available credit into cash. You just need to get a PIN from the card’s issuer. You can withdraw up to the “cash advance limit” listed on your statement. But cash advances are expensive – you can expect a hefty fee and a high APR that starts costing you right away. There’s no grace period.
  
  You can also get cash from a bank branch by presenting your credit card and a government-issued photo ID to the bank teller, or with a cash advance check sent to you either automatically by the issuer or by your own request.
  
  Store credit cards generally do not allow cash advances.
• At the register: Some credit cards don’t work like this, but the Walmart® Store Card, for example, allows you to withdraw up to $20 each time you make a purchase at a Walmart store location. This is also treated as a purchase, not a cash advance.

So, cash advances are not an attractive option, but there are a ton of attractive cash rewards credit cards on the market.