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Established Contributor
Andy77
Posts: 677
Registered: ‎10-02-2007
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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?

 

 

 

 

Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012
0

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)
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Juan123
Posts: 496
Registered: ‎04-16-2011
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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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Regular Contributor
DeadSpider
Posts: 244
Registered: ‎07-29-2012
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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.

Cap1 QS $11500, Freedom $5000K, Slate $8000 Amex Sky $2000K, Discover IT $4400, BCE $8800, NFL $1500, Lowes $7000

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Established Contributor
Andy77
Posts: 677
Registered: ‎10-02-2007
0

Re: Cash Advance Amount?

Got my card today 

2k limit

2k cash limit

 

Nice!!

Established Contributor
Jlu
Posts: 922
Registered: ‎06-12-2012
0

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.

JP Morgan Select $10k | CSP $10k | Citi TY Premier $15k | BofA 3-2-1 $15k | Chase Freedom $10k | Discover IT $10k | Barclaycard $15k | AMEX SPG $5k | AMEX PRG NPSL | NASA Platinum-Advantage $10k | CapOne Quicksilver $3k | Walmart Card $5k | Amazon Card $10k | Chase Auto 1.49% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Established Contributor
Andy77
Posts: 677
Registered: ‎10-02-2007
0

Re: Cash Advance Amount?

 

 

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

Valued Contributor
maiden_girl
Posts: 2,110
Registered: ‎12-29-2011
0

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.

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Established Contributor
CribDuchess
Posts: 659
Registered: ‎09-12-2011
0

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!

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My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex Costco TE $15K; Amex BCE $12K; BofA Visa $10.1K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom $13K; Citi Double Cash $10K; Citi Simplicity Visa $15.1K; Discover IT $24K; Fidelity Amex $25K; PenFed Plat Rewards Visa Sig $20K; Sallie Mae WMC $12.5K; US Bank Cash+ Visa Sig $24.5K; Walmart Discover $10K; Wells Fargo Rewards Visa Sig $14K
Established Contributor
Jlu
Posts: 922
Registered: ‎06-12-2012
0

Re: Cash Advance Amount?

[ Edited ]

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.

JP Morgan Select $10k | CSP $10k | Citi TY Premier $15k | BofA 3-2-1 $15k | Chase Freedom $10k | Discover IT $10k | Barclaycard $15k | AMEX SPG $5k | AMEX PRG NPSL | NASA Platinum-Advantage $10k | CapOne Quicksilver $3k | Walmart Card $5k | Amazon Card $10k | Chase Auto 1.49% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!

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