How can I get a My GM Rewards Card cash advance? This question is about the My GM Rewards Card™

To get a GM Rewards Card cash advance: Call Marcus by Goldman Sachs customer service at 1 (833) 773-0990 and request a PIN, if you don’t already have one. Insert the credit card at 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. Before you take out a GM Rewards Card cash advance, it’s important to note that it can be a very expensive transaction. For starters, there is a cash advance APR of 29.99% Variable that applies as soon as you withdraw the cash. You may also have to pay an ATM-owner fee.

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How can I get a My GM Rewards Card cash advance?

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This question is about the My GM Rewards Card™

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Chip Lupo, Credit Card Writer

@CLoop • 01/24/23 This answer was first published on 01/24/23. 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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To get a GM Rewards Card cash advance:

Call Marcus by Goldman Sachs customer service at 1 (833) 773-0990 and request a PIN, if you don’t already have one.
Insert the credit card at 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.

Before you take out a GM Rewards Card cash advance, it’s important to note that it can be a very expensive transaction. For starters, there is a cash advance APR of 29.99% Variable that applies as soon as you withdraw the cash. You may also have to pay an ATM-owner fee.

Answer Question

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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What credit cards can I get with no cash advance fees and a low APR?

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 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:

Overall PenFed Platinum Rewards Visa Signature® CardPenFed Platinum Rewards Visa Signature® CardLearn MoreLearn Moreon issuer's website
No minimum deposit required Chime Credit CardChime Credit CardLearn MoreLearn More
Secured DCU Visa® Platinum Secured Credit CardDCU Visa® Platinum Secured Credit CardLearn MoreLearn More

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.

However, there are plenty of credit cards that offer low APRs. The best low interest credit cards you can get are the Chase Freedom Unlimited and the Wells Fargo Reflect, but a credit score of at least 700 is required for approval.

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What 0% cash advance APR credit cards can I get?

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 16.9%, depending on the card and your creditworthiness. ... read full answer

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. So, unless you belong to one of these categories, you won’t be able to get a 0% APR cash advance credit card.

What you should know about credit card cash advances:

Cash advance charges: 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 comes with no cash advance fees 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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