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Cash Advance Amount?

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Andy77
Valued Contributor

Cash Advance Amount?

 

 

Does anyone know how much of a cash limit I would have on a Citi card with a 2k limit?

1k for cash?

 

 

 

 

Message 1 of 13
12 REPLIES 12
jsickz32
Valued Contributor

Re: Cash Advance Amount?

I have a citi fowards with 2k cl and my cash advance limit is 600
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Message 2 of 13
Juan123
Established Contributor

Re: Cash Advance Amount?

Call and ask because i have a citi card with 6k limit and my cash advance limit is only $300


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Message 3 of 13
DeadSpider
Frequent Contributor

Re: Cash Advance Amount?

Each card has it's own cash advance limit check your statement.

I think one of my Amex has $2000 cash on 10K limit.

Message 4 of 13
Andy77
Valued Contributor

Re: Cash Advance Amount?

Got my card today 

2k limit

2k cash limit

 

Nice!!

Message 5 of 13
Jlu
Established Contributor

Re: Cash Advance Amount?

You mean they'll let you take out $2000 with a $100 fee and 25% interest with no grace period? HOW GENEROUS.

AMEX BCP $35k | Citi Double Cash $30k | PenFed PlatRewards $25k | Barclaycard $40k | Chase Freedom $25k | BofA Cash Rewards $40K | US Bank Cash+ $4500 | Discover IT $25k | NASA Platinum-Advantage $40k | CapOne Quicksilver $15k | Amazon Card $10k | Ten years on myFICO from 510 to 780 scores
Message 6 of 13
Andy77
Valued Contributor

Re: Cash Advance Amount?

 

 

HA HA HA right...they think they are so clever!!!!

Message 7 of 13
maiden_girl
Valued Contributor

Re: Cash Advance Amount?

My highest cash advance limit is $1.5k on a $3k limit (chase freedom) I was shocked when I saw that on my paperwork.

As of 2017, rebuilding...
Message 8 of 13
CribDuchess
Established Contributor

Re: Cash Advance Amount?

If your Citi card offers you a BT, you can actually take the BT offer and have the funds direct deposited into your checking account (they are very quick about it).  So if the BT offer came with X months at 0%, you would just have to pay the 3% BT fee.  No interest as long as you repay the money within the 0% time frame.

 

We just did this.  Had to replace our furnace last week and I used my Cash+ card to pay for it (to earn rewards), then used my DH's Citi Simplicity to do a BT and I chose to have the money direct deposited into our checking account (the same acct we have linked to Citi to pay our bill each month).  The BT had a 3% fee, but it's 0% until December 2013.

 

The terms are way better than a cash advance would be.  And Citi direct deposited the funds into our checking account the very next day.  I was impressed!

FICOs: TU08 842 EQ08 850 EX08 850

My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex BCE $12K; Apple Card $20K; BofA Travel Rewards Visa Sig $67.6K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom $13K; Chase Freedom Unlimited $21.4K; Citi Costco Visa $19.3K; Citi Double Cash $13.5K; Citi Simplicity Visa $23.3K; Discover IT $50K; Fidelity Visa $25K; NFCU Flagship Visa Sig $40K; NFCU More Rewards Amex $30K; PenFed Plat Rewards Visa Sig $50K; Sears MC $10.1K; US Bank Altitude Go Visa Sig $20K; US Bank Cash+ Visa Sig $26K; Wells Fargo Rewards Visa Sig $14K
Message 9 of 13
Jlu
Established Contributor

Re: Cash Advance Amount?

My golden rule is don't charge anything you couldn't otherwise buy with cash unless it is an asset (home, car, equities etc). This rule plays back in my head each time I swipe my card. However if you are taking out a cash advance it is due to the fact that you don't have any (cash) thus it is in and of itself a violation of my rule.

AMEX BCP $35k | Citi Double Cash $30k | PenFed PlatRewards $25k | Barclaycard $40k | Chase Freedom $25k | BofA Cash Rewards $40K | US Bank Cash+ $4500 | Discover IT $25k | NASA Platinum-Advantage $40k | CapOne Quicksilver $15k | Amazon Card $10k | Ten years on myFICO from 510 to 780 scores
Message 10 of 13
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