Can I get a Home Depot Credit Card cash advance? This question is about the Home Depot® Credit Card

Can I get a Home Depot Credit Card cash advance?

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This question is about the Home Depot® Credit Card

Bogdan Roberts, Credit Cards Moderator

@bogdan_roberts • 07/28/22 This answer was first published on 04/30/21 and it was last updated on 07/28/22.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.

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No, you cannot get a cash advance with the Home Depot® Credit Card. But that may actually be a good thing, considering that credit card cash advances are really expensive.

Here’s what you should know about cash advances:

Cash advances usually incur high fees and an interest rate that begins accruing immediately, with no grace period. The most common way to get a cash advance from an eligible card is through an ATM withdrawal. You just need a PIN that can be obtained from the issuer. You can also get cash advances at a bank branch and through cash advance checks.

Given the high costs associated with cash advances, the Home Depot® Credit Card's lack of this feature isn't such a bad thing. You should reserve credit card cash advances for emergency use only.

Answer Question

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 29.74% (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.

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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

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What's the best cash advance credit card?

The best cash advance credit card is the PenFed Platinum Rewards Visa Signature® Card because it has a 0% cash advance fee and a low cash advance APR: 17.99%. All PenFed cards have 0% cash advance fees and fairly low cash advance APRs. But this is very uncommon for other issuers. Cash advance fees are typically 3%-5%, and cash advance interest rates are usually over 20%.... read full answer

Unfortunately, no credit card offers free cash advances. All credit cards charge interest on cash advances, at least. And that interest always starts accruing the moment you take out the advance. But if you get a card with no fee and pay off the balance right after doing a cash advance, you shouldn’t have to deal with much in the way of extra costs.

Best Cash Advance Credit Cards in 2023

Gas Purchases: PenFed Platinum Rewards Visa Signature® CardPenFed Platinum Rewards Visa Signature® CardLearn MoreLearn Moreon issuer's website

Offers 0% cash advance fee. 17.99% cash advance APR. $0 annual fee. Requires good credit.

Cash Back on Purchases: PenFed Power Cash Rewards Visa Signature® CardPenFed Power Cash Rewards Visa Signature® CardLearn MoreLearn Moreon issuer's website

Offers 0% cash advance fee. 17.99% cash advance APR. $0 annual fee. Requires good credit.

Low Interest: DCU Visa® Platinum Rewards Credit CardDCU Visa® Platinum Rewards Credit CardLearn MoreLearn More

Offers 0% cash advance fee. 15.75% - 18% (V) cash advance APR. $0 annual fee. Requires excellent credit.

Bad Credit: DCU Visa® Platinum Secured Credit CardDCU Visa® Platinum Secured Credit CardLearn MoreLearn More

Offers 0% cash advance fee. 16% (V) cash advance APR. $500 minimum security deposit. $0 annual fee. Bad credit accepted.

Initial Bonus: PNC Premier Traveler® Visa Signature Credit CardPNC Premier Traveler® Visa Signature Credit CardLearn MoreLearn More

Offers $5 cash advance fee. 20.24% (V) cash advance APR. $85 annual fee, waived the first year. Requires excellent credit.

Balance Transfer: Simmons Bank Visa®Simmons Bank Visa®Learn MoreLearn More

Offers 3% (min $4) cash advance fee. 18.75% - 26.75% (V) cash advance APR. $0 annual fee. Requires excellent credit.

Some of the best cash advance credit cards also offer some excellent rewards. For example, the PNC Premier Traveler® Visa Signature Credit Card offers 30,000 miles for spending $3,000 in the first 3 months. And it gives 2 miles / $1 on all purchases.

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