If you want to use an ATM to get a cash advance, keep in mind that you will need a PIN (Personal Identification Number). You should have received a PIN with your card, but you can also request or change it. Cash advances are very expensive, though. Capital One Platinum charges a 3% (min $10) cash advance fee and interest starts accruing immediately, with no grace period, at a cash advance APR of 26.99% (V). So you should reserve cash advances for emergencies.
You can also use eligible Capital One ATMs to make Capital One Platinum payments. You won’t need a PIN to make a payment. You can search for eligible ATM locations online. Simply filter your results by selecting "ATM" and "Make a Card Payment" before entering your location.
You can get a Capital One Platinum cash advance at an ATM as long as you have a cash advance PIN. You can request a cash advance PIN for your Capital One Platinum through your online account or by calling customer service at (800) 227-4825. To get a Capital One Platinum cash advance PIN online, … read full answerlog into the Capital One website and click “I Want To…,” then “Get a Cash Advance PIN” (under the header “Control Your Card”). You’ll be able to get a PIN instantly delivered to your email or over text.
Here’s more info about Capital One Platinum cash advances:
Once you have the cash advance PIN, you can withdraw cash at an ATM the same way you’d do with a debit card. You can use non-Capital One ATMs, but you’ll be subject to additional fees (average $2.5). That would make cash advances even more expensive than they will be already. The Capital One Platinum has a cash advance fee of 3% (min $10), whichever is greater. The withdrawal will also be subject to a high APR. The Capital One Platinum cash advance APR is 26.99% (V).
Another way you may be able to take out a cash advance is by using Capital One credit card checks, which Capital One sends to some cardholders based on creditworthiness. There are checks for purchases, balance transfers, and cash advances. Essentially, they work the same way any check would and allow you to pay at places that may not accept credit. However, if you do use a cash advance check, standard cash advance fees and rates apply. If you weren’t sent credit card checks, you can call Capital One customer service at (800) 227-4825 and request them, but it’s not guaranteed your request will be granted.
You can use your Capital One credit card for an ATM withdrawal by just inserting the card into the machine, entering the card’s PIN, and selecting the “cash advance” menu option. Enter an amount to withdraw the cash. And don’t forget to collect your card and cash before you leave. The exact steps may differ depending on the ATM used.… read full answer
If you don’t have a PIN yet, you can order one through your online account or by calling the number on the back of your card. Capital One credit card holders can make an ATM withdrawal at every ATM with a Visa or Mastercard symbol, which is just about every ATM.
Where to make a Capital One credit card ATM withdrawal for free:
Capital One ATMs
If you use an ATM that doesn’t belong to Capital One, MoneyPass or AllPoint, you might get charged a small fee by the ATM owner. You can find a fee-free location near you on Capital One’s website – that’s over 70,000 locations nationwide.
Why to avoid Capital One credit card ATM withdrawals:
Even if using the ATM is free, there are still costs for a Capital One credit card ATM withdrawal. All Capital One credit cards charge a 3% (min $10) cash advance fee. And while cash advance APRs vary by card, they’re all from 25.49% (V) and above. Interest starts accruing immediately on a cash advance, with no grace period. So, try not to make a Capital One credit card ATM withdrawal unless you’re in an emergency situation.
Another important thing to remember is that Capital One cards have a cash advance limit, which is the maximum amount of money you can withdraw until you pay some or all of it back. You can find this limit on your monthly statement.
Your Capital One cash advance limit is a portion of your card’s credit limit, usually 30% to 50% of your total credit limit. These limits are individualized, however, so you may have a different portion allotted for cash advances than other Capital One customers. It’s also good to keep in mind that ATMs can have their own withdrawal limits, so you may not be able to take out your full cash advance limit at every ATM.… read full answer
To find your Capital One cash advance limit, look at your most recent credit card statement and locate your “Available Credit for Cash Advances,” or log into your Capital One account online and click “View Details” under your card’s name at the top of the page.
Just remember that cash advances aren’t cheap. They usually include cash advance fees of 3%-5%. Also, the cash advance APR is usually higher than your purchase APR and it kicks in immediately, so it's best to avoid them if you have other options.
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