To get a HSBC cash advance, use a HSBC credit card and a corresponding PIN at a participating ATM and withdraw the cash, up to the card’s available cash advance limit. If you do not have a PIN, contact HSBC customer service at (800) 975-4722 to request one.
How to Get a HSBC Cash Advance at an ATM
Call HSBC customer service at (800) 975-4722 and request a PIN, if you don’t already have one.
Insert the credit card into 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.
There may be other ways to get a cash advance from your HSBC credit card, too. For example, you could also write out a HSBC cash advance check and use it like a traditional bank check.
Before you take out a HSBC cash advance, it’s important to note that it is a very expensive transaction. For starters, a cash advance fee and a separate cash advance APR apply as soon as you withdraw the cash. There may also be ATM-owner fees, depending on where you make the cash advance.
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.
Some of the best cash advance credit cards also offer some excellent rewards. For example, the PNC Premier Traveler card offers 30,000 miles for spending $3,000 in the first 3 months. And it gives 2 miles / $1 on all purchases.
There are very few credit cards that have no cash advance fees and low APRs, the best of which is the PenFed Platinum Rewards card. This card has a 0% cash advance fee and a cash advance APR of 17.99%. The regular APR is 16.49% - 17.99% (V). In addition, the card also offers 1 - 5 points per $1 on purchases.… read full answer
Here are some good credit cards with no cash advance fees and low APRs:
It is worth noting that every time you use your card at an ATM, you'll probably be charged with an ATM fee. Plus, there's no grace period on interest, so it starts accruing immediately. That's why you should avoid cash advances, unless it’s absolutely necessary.
There are a few 0% APR cash advance credit cards that you can get, but they’re offered by certain credit unions. For instance, the Justice Federal Credit Union cards have a 0% APR intro rate for up to 18-month on cash advances. But they come with a cash advance fee of either 2% or $10, whichever is greater ($50 maximum). The regular APR is 11.9% to 18%, depending on the card and your creditworthiness. … read full answerRandolph-Brooks Federal Credit Union also has a similar offer.
The drawback, as is the case with most credit unions, is that you’ll have to meet specific membership requirements to be eligible. For instance, Justice FCU limits membership to those who are connected to the justice or law enforcement community. Also, Randolph-Brooks FCU is mostly for Texas residents. So, unless you belong to one of these categories, you won’t be able to get a 0% APR cash advance credit card.
Here’s more Info about cash advances:
Cash advances are costly. They usually come with both a cash advance fee and high APR that starts accruing interest immediately, with no grace period.
Cash advance limit: There is a maximum percentage that you can use for cash advances from your entire credit limit. It varies based on the issuer, but it typically is 20% of your credit line.
How to get a cash advance: You can get a cash advance at an ATM or at a local bank. A PIN is normally required for taking out a cash advance at an ATM. Plus, a government-issued ID is required for getting a cash advance at a local bank.
However, it would be best to avoid taking out a cash advance, unless you have absolutely no choice. If you must take out a cash advance, your best bet is to find a credit card that offers no cash advance fee and a lower APR. A good option is the PenFed Platinum Rewards Visa Signature® Card. It has a 0% cash advance fee and an APR of 17.99%.
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