How can I get a Mastercard cash advance?

The Mastercard cash advance fee is generally 3% or 5% of the cash advance amount, depending on the card. However, there are also some exceptions. For instance, the Indigo® Mastercard® for Less than Perfect Credit cash advance fee is: None 1st yr, either $5 or 5% after. Note that cash advance fees are assessed by the card issuer, and they are not controlled by Mastercard.… read full answer

Cash Advance Fees for Mastercard Credit Cards

Be aware, this fee is not the only cost associated with cash advances. You will also get charged interest on the cash advance amount. Plus, there may be ATM fees, too, depending on where you do the cash advance.

In the long run, cash advances can get expensive. However, if you’re looking for a card that will save you a little bit of money on cash advances, check out WalletHub’s picks for the best cash advance credit cards.

There are a few ways to get a cash advance on a credit card without a PIN. The easiest way to withdraw cash from a credit card without a PIN is to visit a bank that does business with your credit card company, ask the teller for a cash advance, and present your card along with a government-issued photo ID. You could also ask your credit card’s issuer for so-called … read full answercredit access checks, which you can then use to withdraw cash from your credit line.

The other ways to get a cash advance on a credit card without a PIN are to purchase a money order from the likes of MoneyGram or Western Union, or link your credit card account to a service such as Amazon Pay. Alternatively, using an app such as Venmo, PayPal or Cash App can also help you pay people and businesses that can’t accept credit cards directly. Those services often charge a fee for using a credit card, but the transaction may actually be processed as a payment rather than a cash advance.

To get a cash advance with a credit card at an ATM, however, you need a PIN. But getting one is easy. If you didn’t create a PIN when you activated your card, you should be able to call customer service, choose your number and get it set it up right away. Some issuers, such as Bank of America and Discover, also let you set a PIN online.

Whether or not you use a PIN, you’ll want to be careful about cash advances. They typically charge high interest rates and a 2%-5% fee. Plus, there’s no grace period, so interest starts accruing as soon as you complete the transaction. But unforeseen circumstances arise for everyone, so here are your options if you need cash but don’t have a PIN.

Here’s how to withdraw cash from a credit card without a PIN:

• Bank teller: You can get a cash advance without a PIN at a bank branch, but you’ll need both your credit card and a government issued photo ID like a driver’s license or passport.
• Access checks: If your credit card issuer has sent you access, or convenience, checks, you can use them to withdraw cash at any bank that accepts them. Access checks are blank checks that draw on your credit line rather than your checking account. Some issuers send access checks without being asked, but you can also request them by calling customer service. Keep in mind that access checks are subject to the same high APRs and lack of grace periods as cash advances.
• Money-transfer service:You can buy a money order with a credit card from a service such as Western Union or MoneyGram. This would allow you to transfer funds to a recipient using just a phone number or email address. It won’t give you cash on the spot, but it could make it possible to ultimately spend part of your credit line in cash if you transfer the money to the right person. The transaction likely will be treated as a cash advance, however.
• Digital payment service: Apps such as PayPal, Venmo and Cash App allow you to make payments from a linked credit card account. That could remove the need to withdraw cash altogether, though these services usually charge a fee. The transaction may or may not be considered a cash advance, too, depending on the service and the credit card.

  Similarly, you can link a credit card to an Amazon Pay account and pay a merchant that way. The merchant needs an Amazon "Recipient Name," however. And if you don’t mark the payment as being for "goods and services," the transaction will be considered a cash advance.

So, there are a handful of different ways to get a cash advance on a credit card without a PIN. Just remember that cash advances tend to be quite expensive and should be reserved for emergencies.

For more information, check out our credit card cash advance guide.

Here are the best ways to withdraw cash:

If you need a way to access cash on a regular basis, it’s best to look for a cheaper, more sustainable alternative. Two options in particular are good for the job, though each will usually require a PIN of its own.

For example, you could just get cash with a debit card. You won’t be able to borrow money with a debit card, but it would enable you to make purchases from cash-only merchants. Just go to an ATM or make a small purchase at a store and select the cash back option.

Using a prepaid card is another possibility. A prepaid card is like a checking account with a debit card, minus the checkbook. You can use it to make purchases directly or to withdraw cash from ATMs. But it only allows you to use your own money and doesn’t help you build credit.

To get a cash advance from a credit card, you can withdraw the cash from an ATM using the four-digit PIN associated with your account. You can also ask the teller at a local bank branch for a cash advance or use a convenience check from your credit card company.

How to Get a Credit Card Cash Advance at an ATM

1. Insert your card.
2. Enter your 4-digit security PIN.
3. Select the cash advance option from the menu.
4. Retrieve your cash to complete the transaction.

If you don’t have or don’t remember your PIN, you should be able to call customer service, choose a PIN, and get it set up right away.

You can use any ATM with the logo of your card’s network (Visa, Mastercard, American Express, or Discover). Bear in mind that you may have to pay an ATM fee for each cash advance transaction. Your credit card issuer will also likely charge a cash advance fee, as well as a separate cash advance APR that might be higher than your card’s regular interest rate.

How to Get a Cash Advance at a Branch

To get a cash advance from a branch, visit a local bank or credit union and ask the teller for a cash advance. You will need to have your credit card with you, as well as a government-issued photo ID to verify your identity.

By the way, this doesn’t necessarily have to be done from your credit card issuer’s branch. The bank or credit union needs to work with credit cards on the same payment network as yours, however.

How to Do a Cash Advance With a Convenience Check

To get a cash advance with a convenience check, first get a set of checks from your credit card issuer. Credit card companies will sometimes mail convenience checks to their customers unprompted, but you can also call your credit card company to request some checks.

You can write the check out to yourself or someone else and use it to withdraw cash from your credit line. Once the check is cashed, the transaction will count as a cash advance.

Not all issuers offer convenience checks, so this option might not be available to everyone.

Key Things to Watch Out for When Doing a Cash Advance

• Cash advances typically come with a higher interest rate than the card’s regular APR. The average cash advance APR is 22.53%.
• There’s no grace period on cash advances, so interest will start accruing immediately, starting on the transaction date.
• Most credit cards also charge a cash advance fee, with the average fee equal to 3.84% of the amount advanced.

You can learn more about how cash advances work on WalletHub.