Can I use my Capital One Platinum credit card at an ATM?

You can get a Capital One Platinum cash advance at an ATM as long as you have a credit card PIN. Alternatively, you can take out a cash advance at any bank branch with your credit card and a valid Photo ID.

If you don’t already have a PIN, you can request one through your ... read full answeronline account or by calling customer service at (800) 227-4825. To get a Capital One Platinum cash advance PIN online, log in to the Capital One website and click on “More Account Settings”, 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.

Before taking out a Capital One Platinum cash advance, you should be aware of a few things, such as:

• 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. 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 $3), whichever is greater.
• The withdrawal will also be subject to a high APR. The Capital One Platinum cash advance APR is 29.74% (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) 955-7070 and request them. However, it’s not guaranteed that 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
• MoneyPass ATMs
• AllPoint 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 $3) cash advance fee. And while cash advance APRs vary by card, they’re all from 28.24% (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.

Capital One does not disclose the exact percentage allocated to cash advance limits on their website. But the cash advance limit is usually a portion of your card’s credit line, which is based on the specifics of each applicant’s creditworthiness.

You can find your exact cash advance limit online or on your latest monthly statement, under "Available Credit for Cash Advances". 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

What you should know before taking out a Capital One cash advance:

Keep in mind that Capital One cash advances are extremely expensive transactions. For starters, a cash advance fee and a separate cash advance APR apply as soon as you withdraw the cash. There may also be ATM-owner fees, depending on where you make the cash advance.