Chase offers cash advances through credit cards, but not through checking or savings accounts
If you have a Chase credit card, you can withdraw cash using that card at an ATM or by asking a teller at any bank. This is called a cash advance. Chase does not offer cash advances on debit cards or checking accounts — only on credit cards. The cash appears in your account immediately, but you start paying interest on it right away, usually at a higher rate than purchases.
If you do not have a Chase credit card, you cannot get a cash advance from Chase. You would need to use a different bank's ATM with your debit card, visit your own bank, or use a peer-to-peer payment app.
Key Takeaways
- Cash advances on Chase credit cards charge interest from day one, with no grace period like purchases have.
- The interest rate on a cash advance is typically higher than the rate on purchases — check your card's terms for the exact percentage.
- You can withdraw cash at any ATM displaying the Visa or Mastercard logo, or ask a Chase teller to process it.
- Chase charges a fee for each cash advance, usually 3% to 5% of the amount withdrawn, with a minimum fee of $10.
- Cash advances do not count toward rewards or cashback — you only pay interest and fees.
Where to withdraw a cash advance and what it costs
You can get a cash advance at any ATM that accepts your card's network — Visa or Mastercard. Walk up, insert your card, select "cash advance" or "withdrawal," and enter the amount. The ATM will dispense cash and charge you a fee on the spot. If you prefer to work with a person, walk into any Chase branch and ask a teller to process a cash advance. They will charge the same fee.
The fee structure is fixed: Chase charges a cash advance fee of 3% to 5% of the amount you withdraw, with a minimum of $10. So if you withdraw $200, you pay between $6 and $10 in fees (the minimum applies here). If you withdraw $500, you pay between $15 and $25. This fee is added to your credit card balance immediately.
Interest starts accruing the same day. Unlike purchases, which often have a grace period of 21 to 25 days before interest kicks in, cash advances charge interest from day one. The interest rate is usually 2% to 5% higher than your purchase APR. Check your card's terms or call Chase at the number on the back of your card to find out your exact cash advance APR.
How much you can withdraw and daily limits
Chase sets a cash advance limit for each cardholder, separate from your credit limit. This limit depends on your credit score, payment history, and account age. You might be able to withdraw $500, or you might be able to withdraw $5,000 — there is no single number that applies to everyone.
You can find your cash advance limit by logging into your Chase account online or calling customer service. If you try to withdraw more than your limit, the ATM will decline the transaction. If you need a higher limit, you can call Chase and ask, though they may or may not increase it.
ATMs also have daily withdrawal limits, usually $500 to $1,000 per day depending on the machine and your bank. If you need more cash than your daily ATM limit allows, ask a Chase teller inside a branch — they can often process larger amounts in person.
When a cash advance makes sense and when it does not
A cash advance is expensive. Between the fee and the high interest rate, you are paying 5% to 10% just to hold the cash for a month. Use it only when you have no other option: you need cash immediately, you do not have access to your own bank account, and you cannot use a peer-to-peer app like Venmo or a debit card.
Do not use a cash advance to pay off other debts, cover everyday expenses, or fund a purchase you could make with the card itself. If you are using cash advances regularly, that is a sign you are spending more than you earn and need to adjust your budget.
If you need cash and have a Chase checking or savings account, withdraw it from your own account for free at any Chase ATM. If you need cash and do not have a Chase account, go to your own bank or use a no-fee ATM network like Allpoint or MoneyPass.
How to pay back a cash advance
The cash advance amount and fees appear on your credit card statement as a separate line item. You can pay it back like any other credit card charge: make a payment online through your Chase account, by phone, by mail, or at a Chase branch. The payment goes toward your entire balance, not just the cash advance, so Chase applies it to whichever portion has the highest interest rate first (usually the cash advance).
If you only make the minimum payment, the cash advance will accrue interest for months. To avoid paying hundreds of dollars in interest, pay the full cash advance amount as soon as you can. If you cannot pay it back within a month, do not take the advance in the first place.
Alternatives to a cash advance
Before you use a cash advance, consider these options:
- Withdraw from your own bank account: If you have a checking or savings account anywhere, use that bank's ATM or visit a branch. This costs nothing.
- Use a peer-to-peer app: Venmo, PayPal, Square Cash, and similar apps let you send money to someone else or request it from them. No fees, no interest.
- Ask for a personal loan: If you need a larger amount, a personal loan from a bank or credit union usually has a lower interest rate than a cash advance.
- Use a debit card: If you have a debit card linked to a checking account, withdraw cash at any ATM for free or with a small fee.
- Visit a check-cashing service: If you have a paycheck or other document, a check-cashing store will convert it to cash, usually for 1% to 3% of the amount.
Frequently Asked Questions
Can I get a cash advance if my credit card is maxed out?
No. A cash advance counts against your credit limit, just like a purchase does. If you have used your entire limit, you cannot take a cash advance until you pay down the balance.
Does a cash advance hurt my credit score?
Taking a cash advance itself does not hurt your score, but it increases your credit utilization ratio — the amount of your available credit you are using. High utilization can lower your score slightly. Paying it back quickly will bring your utilization back down.
What happens if I do not pay back a cash advance?
Interest will keep accruing, and the debt will grow. If you miss payments, Chase will report it to credit bureaus, your score will drop, and Chase may eventually take legal action to recover the money.
Can I transfer a cash advance balance to another card?
Some balance transfer offers exclude cash advances, so check the terms of any offer before you apply. Even if you can transfer it, you will still owe the original cash advance fee.
Is there a way to avoid the cash advance fee?
No. Every cash advance on a credit card charges a fee — there is no way around it. The only way to avoid the fee is to not take a cash advance.