What's the difference between my cash advance limit and my regular credit limit? This question is about Credit Cards

What's the difference between my cash advance limit and my regular credit limit?

This question is about Credit Cards

WalletHub, Financial Company

@WalletHub • 11/11/19 This answer was first published on 05/19/16 and it was last updated on 11/11/19.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.

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The cash advance limit is the maximum amount of cash that can be withdrawn against a credit card's balance. With most credit cards this will be considerably lower than the credit limit itself. Cash advances come with high fees and above-average interest rates, that's why we advise against them.

Your credit limit tells you exactly how much money your credit card issuer will let you use. The available credit is the amount that you currently have available to spend. This is based on the credit limit minus the current balance less any pending transactions.

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