Need Cash Fast? Explore Best Cash Advance Credit Card 2024

Anyone can face financial emergencies and usually it occurs at the worst possible time, like when you have to pay rent it is still 5 days until payday. For such scenario the best cash advance credit card is a good idea because of its various benefits and convenience.

Keep in mind that cash advance credit cards have high fees and high interest rate as compared to other credit cards. Always try to get a credit card with long 0% intro APR so you can pay for your large purchases without paying heavy interest.

When you are out of money, you may get a cash advance from your credit card. That means you are accessing money without applying for a loan. We have created a list of the best credit cards for cash advance for you. But you decide which credit card is right for you?

What is Cash Advance on a Credit Card?

Cash advance is a type of loan short term loan that you can take form credit card issuer in the form of cash. Taking a cash advance loan, it means you are borrowing money against your credit card limit. You will have to pay back the amount you’ve borrowed. Some card issuers may also set separate charges and credit limit for cash advance.

Cash advances are short term loan types on your credit card limit and charge higher fee and interest rate than personal loan.

Compare the Best Cash Advance Credit Card in 2024

Credit Card Annual FeeCash Advance APRCredit Score
Star One Visa Signature Rewards Card$0 8.75%Excellent
PenFed Platinum Rewards Visa Signature® Card$0 17.99%Excellent/Good
DCU Visa® Platinum Secured Credit Card$0 13.75%Excellent
PenFed Pathfinder® Rewards Visa Signature® Card$9517.99%Excellent/Good
First Tech Choice Rewards World Mastercard®$0 13.50 to 18.00% variableFair/Good

Best Credit Cards with Cash Advance

The Star One Visa Signature Rewards Card is our top pick for best cash advance credit card because it has $0 cash advance fee and lowest cash advance APR of 8.75%. This type of cash advance charges are very rare as compared to other credit cards. Let’s explore all the credit cards in detail.

1. Star One Visa Signature Rewards Credit Card

Star One Visa Signature Rewards Credit Card

The Star One Visa Signature Rewards Card is the overall best credit card for cash advance because it has No annual fee, no balance-transfer fees, no cash-advance fees, and no foreign-transaction fees. You can get $5,000 credit limit if you have excellent credit. This card has only 8.75% annual APR which is very uncommon as compared to other credit cards.

Talking about reward points, you earn 1.5 Reward Points per $1 dollar spent and these reward points are redeemable for cash, travel, retail gift cards or merchandise. You get TSA Pre or Global Entry five year membership for each cardholder.

Key Benefits

  • There is no annual fee of this card.
  • Tha card has no cash advance fee.
  • The card has annual APR of 8.75% on purchases and balance transfer.
  • You earn 1.5 Reward Points for every $1 spend.
  • Reward Points are redeemable for cash, travel, and gift cards.
  • TSA Pre or Global Entry five-year membership for each cardholder.
  • You get trip cancellation and interruption protection.

Card Details

  • Annual fee: $0.
  • Regular APR: 8.75%
  • Cash Advance Fee: $0
  • Balance Transfer Fee: $0
  • Credit Score: Excellent
  • No annual fee.
  • No cash advance fee and foreign transaction fee.
  • Low regular annual APR.
  • No welcome bonus.
  • No 0% intro APR.
  • Require excellent credit.

» MORE: Best Business Credit Cards No Annual Fee

2. PenFed Platinum Rewards Visa Signature® Card

PenFed Platinum Rewards Visa Signature® Card

The PenFed Platinum Rewards Visa Signature® Card is one of the best credit card for gas rewards in the market. The card has no annual fee and awards you with 5X points per dollar spent on gas at pump and EV charging stations, and 3X points at supermarkets (including most Traget and Walmart), and 1X points on all other purchases.

The card also offers welcome bonus of 1500 bonus points after you spend $1500 within the first 3 months of card card activation.

The PenFed Platinum Rewards Visa Signature® Card does no charge cash advance fee, but it charge high interest rate of 17.99%. The card offer 0% intro APR for 12 months

Key Benefits

  • There is no annual fee of this card.
  • $0 cash advance fee.
  • You get 1500 Bonus Points as welcome bonus, if you spend $1,500 within the first 3 months of card activation.
  • Earn 5X points on gas paid at pump and EV charging stations.
  • Earn 3X points at supermarket (including most Target and Walmart locations), restaurants, and TV, radio, cable, streaming services.
  • 0% intro APR for 12 months, 3% fees applied to each transaction. After that 17.99% will apply.
  • Balance Transfer fee of 3% will apply.

Card Details

  • Annual Fee: $0.
  • Regular annual APR: 17.99%
  • Cash Advance Fee: $0.
  • Welcome Bonus: 1500 Bonus Points
  • Balance Transfer fee: 3%
  • Credit Score: Good
  • No annual fee and Cash Advance Fee.
  • No foreign transaction fee.
  • High rewards on pump and EV charging stations.
  • 1500 bonus points as welcome bonus.
  • Balance Transfer fee.
  • Require excellent credit.

3. DCU Visa® Platinum Secured Credit Card

DCU Visa® Platinum Secured Credit Card

The DCU Visa Platinum Secured Credit Card has no annual, no cash advance fee, and no balance transfer fee with tha annual APR as low as 13.75%. This is a secured credit card and is a good option for those applicants who wants to build their credit.

DCU’s Visa Platinum Credit Card offers lower rate than you’ll find on most other bank credit card. Due to its lowest rate in the United States, this is one of the best starter credit card for anyone who wants to build credit with no extra charges.

Key Benefits

  • No annual fee.
  • No cash advance fee and balance transfer fee.
  • The credit card’s interest rate is below the national average.
  • Interest Rate is low as 13.75% APR.
  • The card has Embedded EMV Chip which protects your credit card information.
  • The card is compitable with Mobile Wallet and works with Apple Pay®, Google Pay™, and Samsung® Pay.
  • The cardholder will have free access to the credit score based on Equifax data each month.
  • Get Optional overdraft protection.
  • No foreign transaction fee.

Card Details

  • Annual Fee: $0
  • Regular annual APR: 13.75%
  • Cash Advance Fee: $0
  • Welcome Bonus: N/A
  • Credit Score: Excellent
  • Low APR as compared to others.
  • No annual fee.
  • No cash advance fee.
  • No foreign transaction fee.
  • No reward benefits.
  • Minimum $500 security deposit required.

» MORE: Best Travel Credit Card for Beginners

4. PenFed Pathfinder® Rewards Visa Signature® Card

PenFed Pathfinder® Rewards Visa Signature® Card

The PenFed Pathfinder® Rewards Visa Signature® Card is a good travel rewards credit card with $95 annual fee. The card has no cash advance fee as well as no foreign transaction fee.

The cardholder earn 4X Points on all Travel categories for PenFed Honors Advantage Members, 3X points on all travel categories, and 1.5X on all other purchases. The card also has 0% intro APR for 12 months and you get 50,000 Bonus Points as a welcome gift if you spend $3000 in the first 3 months of account opening.

The credit card also offer travel benefits like $100 annual domestic air ancillary travel statement credit, $100 Global Entry or Complimentary Priority Pass Airport Lounge Annual Membership.

Key Benefits

  • No cash advance and foreign transaction fee
  • Earn 50,000 Bonus Points as welcome bonus if you spend $3,000 within the first 3 months of card activation
  • Get up to $799 as total travel value
  • Enjoy 4X points on all travel categories PenFed Honors Advantage Members
  • Earn 3X points on all travel categories
  • Earn 1.5X points on all other categories.
  • 0% intro APR for 12 months, 3% fees applies to each transaction
  • Regular purchase APR of 17.99%

Card Details

  • Annual Fee: $95
  • Regular Annual APR: 17.99%
  • Cash Advance Charges: $0
  • Balance Transfer Fee: 0% APR for 12 months, after that a variable APR of 17.99% will apply.
  • Credit Score Excellent/Good
  • No foreign transaction fee.
  • No Cash Advance charges.
  • 0% intro APR for 12 months.
  • High rewards on travel category.
  • High annual fee.
  • Balance transfer fee.

5. First Tech Choice Rewards World Mastercard®

First Tech Choice Rewards World Mastercard®

Choice Awards world MasterCard is a great no annual fee credit card that offers 2X points on everyday purchase categories like gas, groceries, household goods, and more, and 1 reward point on all other purchases.

The card charges $0 cash advance fee and offer 20,000 bonus points after you spend $3,000 in the first 60 days of card activation. This car could be ideal if you are looking for a low-interest card that let you earn rewards.

The card offers 0% APR for 12 billing cycle for balance transfer within 90 days of your account opening. After that, a variable APR of 13.50 to 18.00% will apply based on your credit history.

Key Benefits:

  • No annual fee.
  • No cash advance fee.
  • Earn 20,000 bonus points after you spend $3,000 within the first 60 days of account opening.
  • Earn 2X points on everyday purchases like groceries, household goods and telecommunication services.
  • Earn 1X points on all other purchases.
  • You can redeem your reward points for cash back, travel, mechandise, gift cards and event/experience.
  • 0% intro APR for 12 billing cycles for balance transfer made within the first 2 months of account opening.
  • There is no limit how much rewards you earn and the reward will not expire.
  • Your card will be protected from theft for 90 days with Masercard Purchase Assurance. Also take advantage of MasterRental Coverage, and Master Global Service™.
  • You can get a Blazers branded card, if you are a Portland Trail Blazers.

Cad Details

  • Annual Fee: $0
  • Regular annual APR: 13.50 to 18.00% variable
  • Cash Advance Charges: $0
  • Balance Transfer fee: 0% for 12 billing cycle, then a variable 13.50 to 18.00% will apply
  • Credit Score: Fair/Good
  • No annual fee and cash advance fee.
  • Sign up bonus of 20,000 points.
  • 0% intro APR on balance transfer for 12 billing cycles.
  • Low annual APR.
  • Rewards on everyday purchases.
  • No APR for purchases.
  • To eligible for the card. First Tech Membership is required.

» MORE: Best International Credit Card for Students 

Different Types of Cash Advances

Let’s discuss about the different types of cash advances:

Credit Card Cash Advances

Cash Advance on credit card is a feature offered by many credit cards issuers. This is basically a short term loan that a cardhoder can receive as a cash or a cash amount equivalent up to 20% or 30% of the available credit limit on the card. While some card issuer allow you to withdraw 50% or more for your available credit limit.

Payday Loans

The Payday loans provide you the facility of future payment from your employer. You income proof is required in most of the cases such as your previous pay stub. You can get your funds online or at physical location.

Merchant Cash Advances

MCA, also known as Merchant Cash Advances disburse funds to small business owners based on their past sales and aim for future sales. If your business is making decent daily credit card and debit card sales, then you will likely get a Merchant Cash Advance.

How to Get a Credit Card Cash Advance?

As we have discussed earlier that cash advance is a short term loan that is available on most of the credit cards. You will need a credit card to get a credit card cash advance. If you want to get short term cash advance loan then you should consider comparing cash advance APRs before choosing a card.

The easiest way to get a cash advance is to go to the nearby ATM on your credit card’s network. You can also get credit card cats advance at your bank branch. While many banks offer online credit card cash advance facility.

The best thing about credit card cash advance facility is that you don’t require any new application or approval from the bank.

Should You Get a Credit Card Cash Advnace?

If you seriously need money then credit card cash advance facility can be a wedding good idea for you. However keep in mind that it is expensive way to fullfill your needs. Credit card cash advance can cause less than BD loan and doesn’t require any approval or application from the bank.

Generally the credit card cash advanced line is limited percentage of your total credit card limit that also comes with high interest rate.

Before getting a credit card cash advance make sure to consider all the fees and charges. In many cases, there are other less expensive options than cash advances. Make sure to read all the terms and conditions carefully.

Bottom Line

Think carefully before getting a cash advance credit. If you’re ran out of options then you should probably get credit card cash advance. If you don’t have other options than cash advance, try to pay cash advance as quickly as possible. High interest occures starting from the same day when a cash advance is made.

We hope our review of the Best Cash Advance Credit Card may be helpful for you in choosing the ideal cash advance credit card for you. Be sure to check fees along with terms and conditions so that it fits in your budget.

Best Cash Advance Credit Card Related FAQs

What is a cash advance?

Cash advances are short term loan types on your credit card limit and charge higher fee and interest rate than personal loan.

Which is the best credit card for Cash Advance?

These are the best credit cards for cash advance:
1. Star One Visa Signature Rewards Card
2. PenFed Platinum Rewards Visa Signature® Card
3. DCU Visa® Platinum Secured Credit Card
4. PenFed Pathfinder® Rewards Visa Signature® Card
5. First Tech Choice Rewards World Mastercard®

Which credit card is best for cash advance?

The Star One Visa Signature Rewards Card is the overall best credit card for cash advance because it has No annual fee, no balance-transfer fees, no cash-advance fees, and no foreign-transaction fees.

How to get a cash advance?

The easiest way to get a cash advance is to go to the nearby ATM on your credit card’s network. You can also get credit card cats advance at your bank branch. While many banks offer online credit card cash advance facility.

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