How can I get a Citi Premier cash advance? This question is about the Citi Premier® Card

To get a Citi Premier cash advance: Call Citibank customer service at (800) 842-6596 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. Before you take out a Citi Premier cash advance, it’s important to note that it is a very expensive transaction. For starters, there’s a cash advance fee of 5% (min $10). There’s also a separate cash advance APR of 29.49% (V) that applies as soon as you withdraw the cash. There may be ATM-owner fees, too.

Ad Disclosure Ad Disclosure

How can I get a Citi Premier cash advance?

Answer Question Report Abuse

This question is about the Citi Premier® Card

see this user

Maria Adams, Credit Cards Moderator

@m_adams • 08/06/22 This answer was first published on 12/15/21 and it was last updated on 08/06/22.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 Abuse

To get a Citi Premier cash advance:

Call Citibank customer service at (800) 842-6596 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.

Before you take out a Citi Premier cash advance, it’s important to note that it is a very expensive transaction. For starters, there’s a cash advance fee of 5% (min $10). There’s also a separate cash advance APR of 29.49% (V) that applies as soon as you withdraw the cash. There may be ATM-owner fees, too.

Answer Question

How much is the Citibank cash advance fee?

The Citibank cash advance fee is 5% (min $10) per transaction, whichever is higher. A cash advance fee is a fee charged when using a Citibank credit card for cash withdrawals at an ATM, or in person at participating locations.

Bear in mind that when you do a cash advance, you will incur other costs in addition to the Citibank cash advance fee. There’s a separate cash advance APR that applies immediately after you complete the transaction. The ATM owner may also impose additional charges.… read full answer

show less

How do you do a Citibank cash advance?

To do a Citibank cash advance, you can either withdraw funds from an ATM or visit a local Citibank branch and ask the teller for a cash advance. For ATM transactions, you will need to request a 4-digit PIN from Citi customer service if you did not receive one after being approved for an account.… read full answer

It’s also worth noting that a Citibank credit card cash advance limit is different for everyone. You can view that information on your statement, online or by calling the number you see on the back of your card.

Here’s why you should avoid Citibank cash advances:

Cash advances are expensive, so it’s best to avoid them whenever possible. That’s true with all credit card companies, and Citibank is no exception. Citi’s cash advance fee is 5% (min $10). There may be additional bank fees if you withdraw cash from an ATM. There’s also a separate APR for cash advances. It’s typically higher than the card’s regular APR.

The Citibank cash advance APR can be as high as 29.49% (V), depending on the card and your creditworthiness. Cash advances accumulate daily interest from the time you make the transaction, with no grace period. New interest is added on top of any existing interest charges each day.

So, it’s best to pay off your Citibank cash advance as soon as you can, or better yet, just stay away from cash advances altogether.

show less

Which Citi credit card offers 0% APR for cash advances?

There are no Citi credit cards that offer 0% APR for cash advances.

Cash advances are expensive, with an APR of 29.49% (V) and a 5% (min $10) cash advance fee for all of Citibank's cards.

So I’d suggest avoiding them altogether. Only do a cash advance in case of an emergency or if there are no other payment options available.… read full answer

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. This question was posted by WalletHub. 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

Ask Your 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.