How can I get a U.S. Bank Visa Platinum cash advance?

To get a U.S. Bank cash advance, use your credit card and a corresponding PIN at any ATM to withdraw the cash, up to the card’s available cash advance limit. If you do not have a PIN, contact U.S. Bank customer service to request one.

What you should know about U.S. Bank cash advances:... read full answer

• Cash advances come with high APRs: The U.S. Bank cash advance APR is 29.99% for all credit cards. There’s no grace period on a cash advance, so interest starts accruing right away.
• There is a cash advance fee: The fee for a U.S. Bank credit card cash advance is 5% (min $10). This is on top of any fees an ATM owner may charge.
• Cash advances require a PIN: To use a U.S. Bank credit card for cash advances at an ATM, you will need a PIN. You can request a PIN by visiting your local branch or contacting customer service at (800) 285-8585.

Ultimately, keep in mind that cash advances are extremely expensive. So, it would be best to avoid using your U.S. Bank credit card for cash advances, unless it’s absolutely necessary.

You can transfer money from your credit card to a bank account with a cash advance, a convenience check, apps such as Venmo, or money transfer services such as Western Union. But it is expensive to transfer money from a credit card to a bank account and should be avoided.

If you use a credit card for a cash loan, you’ll normally pay between 3% and 5% as a cash advance fee, plus a high APR on the advance amount that kicks in immediately. Some credit cards provide exceptions to the norm of cash advance fees, however. For example, if you have a USAA credit card, it will allow you to transfer a cash advance directly to a USAA checking or savings account with no cash advance fee. But that doesn’t save you from the cash advance APR. Plus, credit cards that allow this are not common.

That said, if you need an emergency loan from your credit card account directly to your bank account, there are a handful of methods you could try. Some involve the help of other people, so enlist a friend you trust with your money – in some cases, they’ll literally be holding it for you.

How to Transfer Money From a Credit Card to a Bank Account

1. Cash Advances

   You can use your card at an ATM to perform a cash advance. Once you’ve obtained your cash, deposit it into your bank account. Many banks allow deposits through ATMs. You may also be able to make your deposit at a branch. It’s not a good idea to take out a cash advance unless other options are not available, due to their lack of a grace period, extra fees, and high cash advance APRs.

2. Convenience Checks

   Sometimes, credit card companies will give you convenience checks. In these cases, you can write a check to yourself, but make sure you are aware of the fees and interest rate the credit card company is going to assess on the amount of that check.

3. Money-Transfer Services

   You can use services like Western Union and MoneyGram, which allow you to transfer funds with a credit card online or from any of their locations. They let you identify the recipient with a phone number or email address. However, transactions made through money-transfer services like these can show up as cash advances on your credit card statement, no matter whom you send the money to. That means they come with any fee and interest rate your credit card charges for regular cash advances.

4. Venmo

   You could pay a friend or family member with a credit card through Venmo, and they could then transfer the money to you, or to a bank account. Or, you could make an outside credit card purchase on their behalf, then have them reimburse you through the app. If you choose to send money directly through Venmo using a credit card, you’ll pay a fee of 3%. But if you’re using a Visa or Mastercard, be aware that your card issuer may see this as a cash advance, and could charge you accordingly. Bank transfers typically take one business day. There’s a weekly rolling limit of $4,999.99 for sending funds through Venmo once you verify your identity.

5. PayPal

   They will require the email address for the recipient, and you must choose “Paying for an item or service” to send money from a credit card. Once the recipient receives the money, it usually takes just one business day to transfer it to their bank account. The recipient incurs a fee of 2.9% plus $0.30 for accepting a credit card payment. However, be aware that sending money to yourself from a credit card is against PayPal terms of service, so always send money to a friend if you use this method.

6. Amazon Pay

   If you have a friend who is an Amazon merchant, you could use Amazon Pay to send them money from your credit card. They could then return the money or make a purchase on your behalf. Amazon Pay accounts can be linked to bank accounts, credit cards, and debit cards. Simply ask the recipient for their Amazon merchant name, then make sure you label your payment as "goods and services." Otherwise, your credit card company will charge you for a cash advance. Amazon charges 2.9% plus $0.30 per web/mobile transaction.

7. Square’s Cash App

   After you download the app, link your credit card to the app account. With the phone number of the recipient, you can make a payment by simply tapping the "Pay" button. Using a credit card to send money would incur a 3% fee, which is added to the payment total.

We recommend using these platforms only with people you know and trust. It’s also important to note that credit card transactions made from person to person through mobile-payment and money-transfer services may be considered cash advances by the card issuer. That would make the process of transferring money from a credit card to a bank account more expensive.

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

Offers 0% cash advance fee. 17.99% cash advance APR. $0 annual fee. Requires good credit.

Offers 0% cash advance fee. 17.99% cash advance APR. $0 annual fee. Requires good credit.

Offers 0% cash advance fee. 15.75% - 18% (V) cash advance APR. $0 annual fee. Requires excellent credit.

Offers 0% cash advance fee. 16% (V) cash advance APR. $500 minimum security deposit. $0 annual fee. Bad credit accepted.

Offers $5 cash advance fee. 20.24% (V) cash advance APR. $85 annual fee, waived the first year. Requires excellent credit.

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.