A cash credit line is the dollar amount you have access to for a cash advance on your credit card. You won’t be able to take out a cash advance higher than the amount of your cash credit line. If you plan to take out the full amount of your cash credit line, it’s important to make sure you have enough overall credit left for the cash advance fee, which is an extra 3%+ on average. You can find the amount of your cash credit line listed on your monthly statement.
To be clear, your cash credit line is just a part of your full credit line, meaning that your cash advances and purchases combine to make up your overall credit limit. As a result, the amount you have available in your cash credit line will depend on how much of your overall credit line is free. That’s especially important if you have a high balance on the card. If you’re nearly maxing out the card and getting close to the overall credit limit, for example, you probably won’t have much of your limit left over for cash advances.
Bank of America is one card issuer that uses the phrase “cash credit line” to refer to your cash advance limit. But not all credit card companies use the same terminology. For example, Capital One and American Express call it a “cash advance limit” (found under “Available Credit for Cash Advances” on Capital One credit card statements) and Chase uses “cash advance limit” and “cash access line” interchangeably. They all mean the same thing.
It’s also worth keeping in mind that you will need a PIN to get a cash advance at an ATM. Given the hefty fees associated with cash advances, coupled with high interest rates that are assessed immediately, with no grace period, you should reserve cash advances for emergency situations only.