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Cash Advance Amount?

Established 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
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
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
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.

Lots of cards and counting !!
Las Vegas REALTOR
FICO 800ish Shooting for 800+
BCE 20K,ED 10K,Sky 2K, DCVR $6800, Slate 8K, Freedom 5k, Care Credit 10K, Lowes 10K, Cap1 QS $11500, Venture 15K, Paypal 5k Hidden, US Bank Edge Cash Business 20K and NFL $1500 soon to DIE.
Message 4 of 13
Established Contributor

Re: Cash Advance Amount?

Got my card today 

2k limit

2k cash limit

 

Nice!!

Message 5 of 13
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 SPG $30K | Citi TY Premier $20k | PenFed PlatRewards $25k | Barclay Arrival+ 40k | Chase Freedom $20k | BofA AMEX $15k | Discover IT $20k | | NASA Platinum-Advantage $20k | CapOne Quicksilver $15k | Amazon Card $10k |

My Journey from Sub-600s:
Message 6 of 13
Established Contributor

Re: Cash Advance Amount?

 

 

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

Message 7 of 13
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
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 850 EQ08 850 EX08 849

My Wallet: Amex Gold NPSL; Amex Optima Platinum $25K; Amex BCE $12K; BofA Visa $10.1K; BofA TR Visa $18K; Cap1 Quicksilver Visa Sig $10K; CSP $28.2K; Chase Freedom $13K; Citi Costco Visa $19.3K; Citi Double Cash $13.5K; Citi Simplicity Visa $23.3K; Discover IT $50K; Fidelity Amex $25K; PenFed Plat Rewards Visa Sig $50K; Sallie Mae WMC $17.5K; Sears MC $10.1K; US Bank Cash+ Visa Sig $26K; Walmart Discover $10K; Wells Fargo Rewards Visa Sig $14K
Message 9 of 13
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 SPG $30K | Citi TY Premier $20k | PenFed PlatRewards $25k | Barclay Arrival+ 40k | Chase Freedom $20k | BofA AMEX $15k | Discover IT $20k | | NASA Platinum-Advantage $20k | CapOne Quicksilver $15k | Amazon Card $10k |

My Journey from Sub-600s:
Message 10 of 13