Credit Cards That Do Not Require Cash Advance Fee

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Credit Cards That Do Not Require Cash Advance Charge
Most cards have an upfront fee for advances, and then immediately charge hefty interest. But a few cards have no fee.
by Anisha Sekar Anisha is an ex-personal finance writer for NerdWallet. She has worked with Silicon Valley startups as well as in the public sector. She is a contributor to several publications such as Technorati along with Women Grow Business. She studied applied mathematics and economics in Brown University.





Jun 1, 2022







Many or all of the products we feature come from our partners who pay us. This influences which products we feature and where and how the product appears on a page. However, it does not affect our assessments. Our opinions are our own. Here's a list of and .



When you're in a tight situation, it can be a helpful (if costly) way to get fast cash. However, this can be an expensive proposition, for three reasons:
Cash advance fees. This could be a flat rate of between $5 and $10 for cash advances, or up to five percent of the sum advanced. It could be a percentage of the minimum amount of money -like 3% or $10 or more, whichever is higher.
ATM or bank charges. These fees are imposed through the institution handling the transaction, which is the person who owns the ATM or the bank through which you can get your cash advance.
Interest. Some credit cards charge more interest when you cash out than they do for purchases. There's also no limit rate, which means that interest starts to accrue as soon as you receive the cash.

It's rare to find credit cards which don't charge cash advances fees, however they do exist. Certain cards charge the same APR on advances as on purchases, which is beneficial because they'll still be charging interest on cash advances right away. If you require to advance funds, the card that has these features will certainly be a better deal however, remember that this is only a last resort. Before you bring your card into the ATM, you should consider alternatives to cash advances like , cards that offer the capability to pay for , or .
Here are some options for credit cards with no fee for cash advances.
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PenFed Platinum Rewards Visa Signature(r) Card
The NerdWallet ratings are based on the work of our team of editors. The scoring formula is based on the nature of the card being reviewed (such such as money back, travel or balance transfer) and the card's rates, fees, rewards and other features.





The does not charge an advance fee for cash however it'll be charged the highest interest rate. The $0 annual fee card offers a welcome bonus as well as impressive rewards over time:
5 points for $1 on gas at the pump and electrical vehicle charger stations.
3 points per dollar spent for purchases at the supermarket, restaurants and dining out, and TV radio, cable, and other streaming service.
1 point per $1 spent on other purchases.

There are some drawbacks. Points are redeemable for travel or gift cards as well as products, but they cannot be used to pay cash back. The card needs excellent credit to be able to get it. You must also join PenFed to be qualified to apply for it. PenFed Platinum Rewards Visa Signature(r) Card, which isn't too difficult, but it does come with an additional obstacle. To join, you can open a PenFed savings account with a $5 minimum deposit.
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Chime Credit Builder Visa Secured Credit Card
The is another possibility for those who want to build credit, and it is different from conventional credit cards. Instead of a security deposit you use the card combination with a Chime Spending Account, which you first open.
Then, you transfer money from your Spending Account into the Credit Builder secured account, which allows you to set up a budget for credit card purchases. When the bill comes due, funds are removed from the Credit Builder secured account. It does not charge any interest since it makes it difficult to use more money than what that you transferred into the account.
You can use your Chime Credit Builder Visa Secured Credit Card at any ATM and not paying interest. If you use an in-network ATM, you won't be charged any fees. There are ATMs that are in-network in your area in Chime. Chime app.
Nerdy Tip
On the 6th of July, 2021, the nonprofit news agency ProPublica reported that many Chime customers had their accounts shut down without notice, leaving them with no access to funds. The report by ProPublica states that Chime stated that a number of account closings were related to fraud, but the company admitted that some of the closures were errors. If your account was shut down by Chime or other neobanks without notice, you can be a possibility of resolving the issue. Contact the neobank and explaining the situation. If you're still not supported by the neobank You can file a complaint with the Consumer Financial Protection Bureau.


DCU Visa(r) Platinum Secured Credit Card
NerdWallet's ratings are determined by our team of editors. The scoring formula is based on the nature of the card being evaluated (such like cash back or balance transfer) and the card's rates, fees, rewards and other features.





The offer includes with no cash advance fees as well as the exact APR on advances in cash as it charges for purchases. ( The ongoing APR is 15.25% Variable .) As a , this is a great option for people seeking to improve their credit. It is a no-cost annual fee, but offers no ongoing rewards and is required to make a minimum Security deposit. This is a lot in comparison to other .
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Prosper Card
Prosper Card Prosper Card is an for those building credit. It is charged a $39 annual fee, which is waived for the first year if you sign up for autopay before the first statement arrives. The card is accepted at ATMs in which Mastercard is accepted. Prosper does not charge you an ATM fee. However, you might be charged fees from the ATM's owner, in addition, you'll pay the highest interest rate.
There is no sign-up bonus or rewards that are ongoing, however Prosper will automatically review your account each three months to see if you are eligible for an increase in credit limit.
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About the author: Anisha Sekar is a former personal finance writer at NerdWallet. She worked for Silicon Valley startups and in the public sector. She was a mathematician who studied applied economics in Brown University.







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