How much is the Milestone Card cash advance fee?

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.… read full answer

The initial Milestone Credit Card limit is at least a total of $300. Everyone who gets approved for the Milestone Credit Card is guaranteed this starting credit limit, but some cardholders could get higher limits. To be more precise, your actual credit limit will mostly depend on your credit history and disposable income.… read full answer

It is also worth noting that your starting credit limit could be increased in due time. More specifically, you can ask for a credit limit increase by calling customer service at (866) 453-2636. Your chances will be higher if you ask for an increase after paying your bills on time for 6 months from account opening.

Cash advances typically cost around 3.75% of the withdrawn amount. This cash advance fee is applied every time you use your credit card to get a cash advance.

In addition to expensive cash advance fees, there is also a high cash advance APR (20.7%, on average). From the moment you withdraw the money, your credit card company will immediately begin charging you interest. And the charges will continue to mount until you pay off the entire cash advance balance.… read full answer

The costs of a $1,000 cash advance:

• Cash advance fee: The fee for a $1,000 cash advance would be $37.5, based on the current average cash advance fee. But it could be even higher, depending on the card. Some credit card companies charge a 3% fee, while others charge up to 5%. Keep in mind that you’ll have to pay a fee every time you take out a cash advance.
• Cash Advance APR: The cash advance APR for this amount would be around 56 cents per day at the current average cash advance APR of 20.7%. Keep in mind that interest will start accruing from the moment you perform the withdrawal. Plus, the interest you’re charged one day also becomes part of the balance accruing interest the next. In other words, credit card interest compounds daily.
• Other costs: There might also be ATM fees in case you use one that’s not affiliated with your card’s issuer. Banks charge non-customers $1.50 to $3.50 at their ATMs, but non-bank ATM operators often charge more, up to $10 per transaction.

As you can see, cash advances are very expensive transactions. So, it's best to avoid them unless it's an emergency. In case you must get one, make sure pay it off as soon as possible.