CapitalOne Credit Card Statement Question

[ddemari]

Hi there, I was looking over my CapitalOne Quicksilver credit card statement today and I noticed something different. I do not ever take out cash advances from credit cards but my previous statement said credit available for cash $1250 and total credit limit equals $2000.

My new statement says total credit available for cash $0 and total credit limit equals $2000.

Does that mean I no longer have the option (although I am fine without it) or does that mean my total limit $2000 is available for cash?

Just wondering, if anyone has some insight I would appreciate it. Thanks!

[john398]

sounds like they made a change to your cash advance limit to 0

[ambivalent]

It sounds like they took away cash advances for you.  Has your report changed at all?

[ddemari]

It is weird because my credit report has only gotten better. They recently upgraded me to Quicksilver Rewards and increased my credit limit 2 months ago. 

[BottomRanker]

The website has two different fields for this:

• Available Cash
• Cash Limit

Which field are you trying to refer to?  Also, is it possible your balance/utilization is higher than your cash limit?

[ddemari]

Last month my statement said available cash $1250 and Cash Limit $1250

This month they both say $0.

My balence is zero and paid in full from last month. 

[jim44]

That is strange.  I've never heard of  that happening before.  Maybe a glitch? 

[PlasticOrPlastic]

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@ddemari wrote:

Hi there, I was looking over my CapitalOne Quicksilver credit card statement today and I noticed something different. I do not ever take out cash advances from credit cards but my previous statement said credit available for cash $1250 and total credit limit equals $2000.

My new statement says total credit available for cash $0 and total credit limit equals $2000.

Does that mean I no longer have the option (although I am fine without it) or does that mean my total limit $2000 is available for cash?

Just wondering, if anyone has some insight I would appreciate it. Thanks!

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This got me curious so I checked my QS statements as well, from what I can tell they jump around a bit.  This month I have $0 available for cash advance on card 1 and on card 2 I have $2000 (my entire limit).  Last month I had $1250 for card 1 and $1250 for card 2, the month before that...$500 bucks on both.  My scores and credit have also done nothing but climb and improve...interesting thats for sure.