Advertiser Disclosure
A blue checkmark icon
Fact Checked
A black x icon

Kudos has partnered with CardRatings and Red Ventures for our coverage of credit card products. Kudos, CardRatings, and Red Ventures may receive a commission from card issuers. Kudos may receive commission from card issuers. Some of the card offers that appear on Kudos are from advertisers and may impact how and where card products appear on the site. Kudos tries to include as many card companies and offers as we are aware of, including offers from issuers that don't pay us, but we may not cover all card companies or all available card offers. You don't have to use our links, but we're grateful when you do!

Got it
Special Offer:

Can You Withdraw Cash with a Credit Card?

Yes, you can take out cash with a credit card.

July 1, 2025

Small Kudos square logoAn upside down carrot icon

Quick Answer

Yes, you can tap into your credit line for physical cash through a transaction known as a cash advance.

More:

Put your cards to work.

Kudos is your ultimate financial companion, helping you effortlessly manage multiple credit cards, monitor your credit score, and maximize your rewards—all in one convenient platform.
Add to Chrome – It’s Free

Should You Take Out Cash With A Credit Card?

Weighing the advantages and disadvantages can help you decide if it's the right move.

Benefits

  • Immediate access to cash: You can withdraw funds from most ATMs, which is useful in emergencies.
  • No bank balance required: The withdrawal is a loan against your credit line, not your bank account.
  • Security features: Credit cards come with fraud protection, offering a layer of security over carrying cash.

Costs

  • Cash advance fees: Most issuers charge a fee, either a percentage of the amount or a flat rate.
  • Higher interest rates: The annual percentage rate (APR) for cash advances is typically higher than for purchases.
  • No grace period: Interest begins to accumulate on the withdrawal amount from the day you take it out.
  • Lower credit limits: Your cash advance limit is often significantly lower than your total credit limit.
An icon of a lightbulb
Kudos Tip
More:

How to Take Out Cash With A Credit Card

Need cash in a pinch? A credit card cash advance can be a quick solution. While convenient, it's crucial to understand the process and associated costs before heading to the ATM.

  1. Choose the right card. Not all cards are equal when it comes to cash advances. They come with different fees and higher-than-normal interest rates. Use a tool like the Kudos card explorer to review the terms of various cards.
  2. Know your PIN. You'll need a Personal Identification Number (PIN) to withdraw cash from an ATM. If you don't have one or have forgotten it, contact your credit card issuer to request one.
  3. Find a compatible ATM. Look for an ATM that accepts your card's network (e.g., Visa, Mastercard, American Express). The network logo is usually displayed on both your card and the ATM.
  4. Make the withdrawal. Insert your card, enter your PIN, and select the "cash advance" or "withdrawal" option. Choose your desired amount, keeping in mind that your cash advance limit may be lower than your total credit limit.
  5. Repay the advance quickly. Cash advances typically start accruing interest immediately, often at a very high APR. To minimize costs, pay back the amount you withdrew as soon as possible.
More:

Impact On Your Credit Score

Taking out a cash advance on your credit card can have several effects on your credit score. Here are a few key factors to consider before you proceed.

  • Credit Utilization Ratio. A cash advance adds to your total balance, which can spike your credit utilization ratio. Lenders prefer a lower ratio, so a sudden increase can negatively affect your score.
  • Increased Debt Burden. With high fees and interest that accrues immediately, the debt can grow fast. This makes repayment more difficult and increases the risk of late payments, which directly harm your score.

Alternative Ways To Take Out Cash

Direct Bank Withdrawals

The most straightforward alternative is to use your debit card at an ATM or bank branch. Unlike a credit card cash advance, this method draws funds directly from your checking or savings account. This approach completely sidesteps the high interest rates and fees typically associated with borrowing cash against a credit line, making it a more cost-effective choice for accessing your own money.

Leveraging Banking App Features

Many modern banking apps offer features for cardless ATM access. Within your mobile banking settings, you can often generate a one-time code to withdraw funds from a compatible ATM without needing a physical card. Additionally, some financial apps and digital wallets allow you to get cashback from retail partners, turning a simple purchase into a cash withdrawal.

Choose the Right Card to Take Out Cash

Choosing the right credit card is the first step to maximizing your returns. With nearly 3,000 cards on the market, finding the one that best suits your spending habits and financial goals can feel overwhelming. Kudos’ AI-powered tool simplifies the process, helping you compare options and find the best card for your specific needs, whether you're after travel rewards, cash back, or low interest rates.

If you want to get the most from your credit cards, Kudos is the premier free shopping assistant for when you shop online. Plus, we have a special offer of $20 back on your first qualifying purchase when you sign-up for free with the code 'GET20' and shop at a Boost merchant.

Frequently Asked Questions

What are the fees for a credit card cash advance?

You'll typically pay a cash advance fee and a higher interest rate that starts accruing from day one.

Does a cash advance hurt your credit score?

It can, as it increases your credit utilization ratio, which is a key factor in calculating your credit score.

Is there a limit on how much cash I can withdraw?

Yes, your card has a specific cash advance limit, which is usually much lower than your overall credit limit.

Our favorite card right now

Supercharge Your Credit Cards

Experience smarter spending with Kudos and unlock more from your credit cards. Earn $20.00 when you sign up for Kudos with "GET20" and make an eligible Kudos Boost purchase.

Get Started

Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

In this article

No items found.
Advertiser Disclosure
A blue checkmark icon
Fact Checked
A black x icon

Kudos has partnered with CardRatings and Red Ventures for our coverage of credit card products. Kudos, CardRatings, and Red Ventures may receive a commission from card issuers. Kudos may receive commission from card issuers. Some of the card offers that appear on Kudos are from advertisers and may impact how and where card products appear on the site. Kudos tries to include as many card companies and offers as we are aware of, including offers from issuers that don't pay us, but we may not cover all card companies or all available card offers. You don't have to use our links, but we're grateful when you do!

Got it
Special Offer:

Can You Withdraw Cash with a Credit Card?

Yes, you can take out cash with a credit card.

July 1, 2025

Small Kudos square logoAn upside down carrot icon

Quick Answer

Yes, you can tap into your credit line for physical cash through a transaction known as a cash advance.

More:

Put your cards to work.

Kudos is your ultimate financial companion, helping you effortlessly manage multiple credit cards, monitor your credit score, and maximize your rewards—all in one convenient platform.
Add to Chrome – It’s Free

Should You Take Out Cash With A Credit Card?

Weighing the advantages and disadvantages can help you decide if it's the right move.

Benefits

  • Immediate access to cash: You can withdraw funds from most ATMs, which is useful in emergencies.
  • No bank balance required: The withdrawal is a loan against your credit line, not your bank account.
  • Security features: Credit cards come with fraud protection, offering a layer of security over carrying cash.

Costs

  • Cash advance fees: Most issuers charge a fee, either a percentage of the amount or a flat rate.
  • Higher interest rates: The annual percentage rate (APR) for cash advances is typically higher than for purchases.
  • No grace period: Interest begins to accumulate on the withdrawal amount from the day you take it out.
  • Lower credit limits: Your cash advance limit is often significantly lower than your total credit limit.
An icon of a lightbulb
Kudos Tip
More:

How to Take Out Cash With A Credit Card

Need cash in a pinch? A credit card cash advance can be a quick solution. While convenient, it's crucial to understand the process and associated costs before heading to the ATM.

  1. Choose the right card. Not all cards are equal when it comes to cash advances. They come with different fees and higher-than-normal interest rates. Use a tool like the Kudos card explorer to review the terms of various cards.
  2. Know your PIN. You'll need a Personal Identification Number (PIN) to withdraw cash from an ATM. If you don't have one or have forgotten it, contact your credit card issuer to request one.
  3. Find a compatible ATM. Look for an ATM that accepts your card's network (e.g., Visa, Mastercard, American Express). The network logo is usually displayed on both your card and the ATM.
  4. Make the withdrawal. Insert your card, enter your PIN, and select the "cash advance" or "withdrawal" option. Choose your desired amount, keeping in mind that your cash advance limit may be lower than your total credit limit.
  5. Repay the advance quickly. Cash advances typically start accruing interest immediately, often at a very high APR. To minimize costs, pay back the amount you withdrew as soon as possible.
More:

Impact On Your Credit Score

Taking out a cash advance on your credit card can have several effects on your credit score. Here are a few key factors to consider before you proceed.

  • Credit Utilization Ratio. A cash advance adds to your total balance, which can spike your credit utilization ratio. Lenders prefer a lower ratio, so a sudden increase can negatively affect your score.
  • Increased Debt Burden. With high fees and interest that accrues immediately, the debt can grow fast. This makes repayment more difficult and increases the risk of late payments, which directly harm your score.

Alternative Ways To Take Out Cash

Direct Bank Withdrawals

The most straightforward alternative is to use your debit card at an ATM or bank branch. Unlike a credit card cash advance, this method draws funds directly from your checking or savings account. This approach completely sidesteps the high interest rates and fees typically associated with borrowing cash against a credit line, making it a more cost-effective choice for accessing your own money.

Leveraging Banking App Features

Many modern banking apps offer features for cardless ATM access. Within your mobile banking settings, you can often generate a one-time code to withdraw funds from a compatible ATM without needing a physical card. Additionally, some financial apps and digital wallets allow you to get cashback from retail partners, turning a simple purchase into a cash withdrawal.

Choose the Right Card to Take Out Cash

Choosing the right credit card is the first step to maximizing your returns. With nearly 3,000 cards on the market, finding the one that best suits your spending habits and financial goals can feel overwhelming. Kudos’ AI-powered tool simplifies the process, helping you compare options and find the best card for your specific needs, whether you're after travel rewards, cash back, or low interest rates.

If you want to get the most from your credit cards, Kudos is the premier free shopping assistant for when you shop online. Plus, we have a special offer of $20 back on your first qualifying purchase when you sign-up for free with the code 'GET20' and shop at a Boost merchant.

Frequently Asked Questions

What are the fees for a credit card cash advance?

You'll typically pay a cash advance fee and a higher interest rate that starts accruing from day one.

Does a cash advance hurt your credit score?

It can, as it increases your credit utilization ratio, which is a key factor in calculating your credit score.

Is there a limit on how much cash I can withdraw?

Yes, your card has a specific cash advance limit, which is usually much lower than your overall credit limit.

Our favorite card right now

Supercharge Your Credit Cards

Experience smarter spending with Kudos and unlock more from your credit cards. Earn $20.00 when you sign up for Kudos with "GET20" and make an eligible Kudos Boost purchase.

Get Started

Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

In this article

No items found.
Advertiser Disclosure
A blue checkmark icon
Fact Checked
A black x icon

Kudos has partnered with CardRatings and Red Ventures for our coverage of credit card products. Kudos, CardRatings, and Red Ventures may receive a commission from card issuers. Kudos may receive commission from card issuers. Some of the card offers that appear on Kudos are from advertisers and may impact how and where card products appear on the site. Kudos tries to include as many card companies and offers as we are aware of, including offers from issuers that don't pay us, but we may not cover all card companies or all available card offers. You don't have to use our links, but we're grateful when you do!

Got it
Special Offer:

Can You Withdraw Cash with a Credit Card?

Yes, you can take out cash with a credit card.

July 1, 2025

Small Kudos square logoAn upside down carrot icon

Quick Answer

Yes, you can tap into your credit line for physical cash through a transaction known as a cash advance.

More:

Should You Take Out Cash With A Credit Card?

Weighing the advantages and disadvantages can help you decide if it's the right move.

Benefits

  • Immediate access to cash: You can withdraw funds from most ATMs, which is useful in emergencies.
  • No bank balance required: The withdrawal is a loan against your credit line, not your bank account.
  • Security features: Credit cards come with fraud protection, offering a layer of security over carrying cash.

Costs

  • Cash advance fees: Most issuers charge a fee, either a percentage of the amount or a flat rate.
  • Higher interest rates: The annual percentage rate (APR) for cash advances is typically higher than for purchases.
  • No grace period: Interest begins to accumulate on the withdrawal amount from the day you take it out.
  • Lower credit limits: Your cash advance limit is often significantly lower than your total credit limit.
An icon of a lightbulb
Kudos Tip
More:

How to Take Out Cash With A Credit Card

Need cash in a pinch? A credit card cash advance can be a quick solution. While convenient, it's crucial to understand the process and associated costs before heading to the ATM.

  1. Choose the right card. Not all cards are equal when it comes to cash advances. They come with different fees and higher-than-normal interest rates. Use a tool like the Kudos card explorer to review the terms of various cards.
  2. Know your PIN. You'll need a Personal Identification Number (PIN) to withdraw cash from an ATM. If you don't have one or have forgotten it, contact your credit card issuer to request one.
  3. Find a compatible ATM. Look for an ATM that accepts your card's network (e.g., Visa, Mastercard, American Express). The network logo is usually displayed on both your card and the ATM.
  4. Make the withdrawal. Insert your card, enter your PIN, and select the "cash advance" or "withdrawal" option. Choose your desired amount, keeping in mind that your cash advance limit may be lower than your total credit limit.
  5. Repay the advance quickly. Cash advances typically start accruing interest immediately, often at a very high APR. To minimize costs, pay back the amount you withdrew as soon as possible.
More:

Impact On Your Credit Score

Taking out a cash advance on your credit card can have several effects on your credit score. Here are a few key factors to consider before you proceed.

  • Credit Utilization Ratio. A cash advance adds to your total balance, which can spike your credit utilization ratio. Lenders prefer a lower ratio, so a sudden increase can negatively affect your score.
  • Increased Debt Burden. With high fees and interest that accrues immediately, the debt can grow fast. This makes repayment more difficult and increases the risk of late payments, which directly harm your score.

Alternative Ways To Take Out Cash

Direct Bank Withdrawals

The most straightforward alternative is to use your debit card at an ATM or bank branch. Unlike a credit card cash advance, this method draws funds directly from your checking or savings account. This approach completely sidesteps the high interest rates and fees typically associated with borrowing cash against a credit line, making it a more cost-effective choice for accessing your own money.

Leveraging Banking App Features

Many modern banking apps offer features for cardless ATM access. Within your mobile banking settings, you can often generate a one-time code to withdraw funds from a compatible ATM without needing a physical card. Additionally, some financial apps and digital wallets allow you to get cashback from retail partners, turning a simple purchase into a cash withdrawal.

Choose the Right Card to Take Out Cash

Choosing the right credit card is the first step to maximizing your returns. With nearly 3,000 cards on the market, finding the one that best suits your spending habits and financial goals can feel overwhelming. Kudos’ AI-powered tool simplifies the process, helping you compare options and find the best card for your specific needs, whether you're after travel rewards, cash back, or low interest rates.

If you want to get the most from your credit cards, Kudos is the premier free shopping assistant for when you shop online. Plus, we have a special offer of $20 back on your first qualifying purchase when you sign-up for free with the code 'GET20' and shop at a Boost merchant.

Frequently Asked Questions

What are the fees for a credit card cash advance?

You'll typically pay a cash advance fee and a higher interest rate that starts accruing from day one.

Does a cash advance hurt your credit score?

It can, as it increases your credit utilization ratio, which is a key factor in calculating your credit score.

Is there a limit on how much cash I can withdraw?

Yes, your card has a specific cash advance limit, which is usually much lower than your overall credit limit.

Supercharge Your Credit Cards

Experience smarter spending with Kudos and unlock more from your credit cards. Earn $20.00 when you sign up for Kudos with "GET20" and make an eligible Kudos Boost purchase.

Get Started

Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

In this article

No items found.
Advertiser Disclosure
A blue checkmark icon
Fact Checked
A black x icon

Kudos has partnered with CardRatings and Red Ventures for our coverage of credit card products. Kudos, CardRatings, and Red Ventures may receive a commission from card issuers. Kudos may receive commission from card issuers. Some of the card offers that appear on Kudos are from advertisers and may impact how and where card products appear on the site. Kudos tries to include as many card companies and offers as we are aware of, including offers from issuers that don't pay us, but we may not cover all card companies or all available card offers. You don't have to use our links, but we're grateful when you do!

Got it
Special Offer:

Can You Withdraw Cash with a Credit Card?

Yes, you can take out cash with a credit card.

July 1, 2025

Small Kudos square logoAn upside down carrot icon

Quick Answer

Yes, you can tap into your credit line for physical cash through a transaction known as a cash advance.

More:

Should You Take Out Cash With A Credit Card?

Weighing the advantages and disadvantages can help you decide if it's the right move.

Benefits

  • Immediate access to cash: You can withdraw funds from most ATMs, which is useful in emergencies.
  • No bank balance required: The withdrawal is a loan against your credit line, not your bank account.
  • Security features: Credit cards come with fraud protection, offering a layer of security over carrying cash.

Costs

  • Cash advance fees: Most issuers charge a fee, either a percentage of the amount or a flat rate.
  • Higher interest rates: The annual percentage rate (APR) for cash advances is typically higher than for purchases.
  • No grace period: Interest begins to accumulate on the withdrawal amount from the day you take it out.
  • Lower credit limits: Your cash advance limit is often significantly lower than your total credit limit.
An icon of a lightbulb
Kudos Tip
More:

Put your cards to work.

Kudos is your ultimate financial companion, helping you effortlessly manage multiple credit cards, monitor your credit score, and maximize your rewards—all in one convenient platform.
Add to Chrome – It’s Free

How to Take Out Cash With A Credit Card

Need cash in a pinch? A credit card cash advance can be a quick solution. While convenient, it's crucial to understand the process and associated costs before heading to the ATM.

  1. Choose the right card. Not all cards are equal when it comes to cash advances. They come with different fees and higher-than-normal interest rates. Use a tool like the Kudos card explorer to review the terms of various cards.
  2. Know your PIN. You'll need a Personal Identification Number (PIN) to withdraw cash from an ATM. If you don't have one or have forgotten it, contact your credit card issuer to request one.
  3. Find a compatible ATM. Look for an ATM that accepts your card's network (e.g., Visa, Mastercard, American Express). The network logo is usually displayed on both your card and the ATM.
  4. Make the withdrawal. Insert your card, enter your PIN, and select the "cash advance" or "withdrawal" option. Choose your desired amount, keeping in mind that your cash advance limit may be lower than your total credit limit.
  5. Repay the advance quickly. Cash advances typically start accruing interest immediately, often at a very high APR. To minimize costs, pay back the amount you withdrew as soon as possible.
More:

Impact On Your Credit Score

Taking out a cash advance on your credit card can have several effects on your credit score. Here are a few key factors to consider before you proceed.

  • Credit Utilization Ratio. A cash advance adds to your total balance, which can spike your credit utilization ratio. Lenders prefer a lower ratio, so a sudden increase can negatively affect your score.
  • Increased Debt Burden. With high fees and interest that accrues immediately, the debt can grow fast. This makes repayment more difficult and increases the risk of late payments, which directly harm your score.

Alternative Ways To Take Out Cash

Direct Bank Withdrawals

The most straightforward alternative is to use your debit card at an ATM or bank branch. Unlike a credit card cash advance, this method draws funds directly from your checking or savings account. This approach completely sidesteps the high interest rates and fees typically associated with borrowing cash against a credit line, making it a more cost-effective choice for accessing your own money.

Leveraging Banking App Features

Many modern banking apps offer features for cardless ATM access. Within your mobile banking settings, you can often generate a one-time code to withdraw funds from a compatible ATM without needing a physical card. Additionally, some financial apps and digital wallets allow you to get cashback from retail partners, turning a simple purchase into a cash withdrawal.

Choose the Right Card to Take Out Cash

Choosing the right credit card is the first step to maximizing your returns. With nearly 3,000 cards on the market, finding the one that best suits your spending habits and financial goals can feel overwhelming. Kudos’ AI-powered tool simplifies the process, helping you compare options and find the best card for your specific needs, whether you're after travel rewards, cash back, or low interest rates.

If you want to get the most from your credit cards, Kudos is the premier free shopping assistant for when you shop online. Plus, we have a special offer of $20 back on your first qualifying purchase when you sign-up for free with the code 'GET20' and shop at a Boost merchant.

Frequently Asked Questions

What are the fees for a credit card cash advance?

You'll typically pay a cash advance fee and a higher interest rate that starts accruing from day one.

Does a cash advance hurt your credit score?

It can, as it increases your credit utilization ratio, which is a key factor in calculating your credit score.

Is there a limit on how much cash I can withdraw?

Yes, your card has a specific cash advance limit, which is usually much lower than your overall credit limit.

Our favorite card right now

Supercharge Your Credit Cards

Experience smarter spending with Kudos and unlock more from your credit cards. Earn $20.00 when you sign up for Kudos with "GET20" and make an eligible Kudos Boost purchase.

Get Started

Editorial Disclosure: Opinions expressed here are those of Kudos alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

In this article

No items found.
No items found.