Chip Lupo, Credit Card Writer
@CLoop
The Citi Simplicity® Card cash advance fee is 5% (min $10) per transaction, whichever is higher. A cash advance fee is charged when using the Citi Simplicity Card for cash withdrawals at an ATM, or in person at participating locations.
Bear in mind that when you make a cash advance, you will incur other costs in addition to the Citi Simplicity Card 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.
People also ask
How can I get a Citibank credit card cash advance?
To get a Citibank credit card cash advance, you can either withdraw funds from an ATM or visit a local Citibank branch. For ATM transactions, you will need to request a 4-digit PIN, in case you did not receive one after being approved for an account.
What you should know about Citibank cash advances:
- Cash advance fee: Citi’s cash advance fee is 5% (min $10). There may be additional bank fees if you withdraw cash from an ATM.
- Cash advance...
How do you get cash from a credit card?
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.
Here’s how to get cash from a credit card:
- Earn and...
Do cash advances hurt your credit score?
Taking out a cash advance has no direct impact on your credit or credit score unless this operation leads to a credit utilization of more than 30-40%.
Just remember that cash advances are very expensive, ultimately causing you to pay much more money ( through fees and interest rates) than you initially withdraw.
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