The Home Depot® Credit Card card does not have a cash advance fee because the card does not allow cash advances. The Home Depot® Credit Card card can only be used for purchases at Home Depot.
And that may actually be a good thing, considering that credit card cash advances are really expensive. Cash advances usually incur cash advance fees and an interest rate that is not subject to the card's grace period and begins accruing immediately. 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.… read full answer
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.
The starting credit limit for Home Depot Credit Card is usually $500.
You can be approved with only a Fair (640+) credit score, but your credit limit depends on various factors, the most important being your credit history and your disposable income.
If, at some point, you want to increase your credit limit, you can do so through your … read full answeronline account. After you log in, you click "Manage My Account" and then “Credit Line Increase”.
A credit card cash advance limit is the maximum amount a credit card user can withdraw from the card’s full credit line as a cash advance. Your credit card cash advance limit will be a certain percentage of your whole credit card limit. Some reports online suggest the rule of thumb for cash advance limits is 20% of your credit card limit, but it can vary based on the card issuer.… read full answer
Note that you will need a PIN to get a cash advance from an ATM. Notoriously high APRs and fees also mean that doing a credit card cash advance should be reserved for emergency situations only.
The cash advance limit is also called “cash credit line” or “cash access line,” depending on the card issuer. They all refer to the same thing.
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