Re: Cash advance limit determination

Anonymous · ‎05-12-2016

Any idea how lenders calculate cash advance limits? I've never taken one and don't plan to, but I'm curious as I noticed a screenshot of someone else's Marvel card that had a 3K SL with $600 cash advance available. I've got a 5K SL and a $300 cash advance limit. Seems backwards.

Closingracer99 · ‎05-12-2016

I think my 5K limit on my marvel has a $800 cash advance limit.

My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740

Closingracer99 · ‎05-12-2016

I can't edit my previous comment on mobile for some reason but I have a $4,000 limit with a $800 cash advance limit

My Cards: Amex BCE: $9,000, Amex Hilton HHonors: $2,000, Amex ED: $12,000, Barclays NFL extra points: $3,000, Bank of America MLB cash rewards: $17,000, BBVA compass NBA Amex triple double rewards: $17,000, Chase Amazon: $1,000, Chase Freedom: $9,000, Chase Sapphire: $5,000, Chase Slate: $5,000, Chase Disney: $4,000, Citi Double Cash: $5,400, Citi AA plat: $5,500, Citi Simplicity: $3,000, Citi Thank you preferred: $8,800, Capital one GM: $2,000, Capital one PlayStation: $3,000, Gamestop: $1,150, Amazon Store: $5,000, Ebay MasterCard: $5,000, American Eagle Storecard: $750, Macy's: $500
EX: 744, TU:750, EQ: 740

Anonymous · ‎05-12-2016

@Closingracer99 wrote:
I can't edit my previous comment on mobile for some reason but I have a $4,000 limit with a $800 cash advance limit

So weird....I had always thought it was a flat percentage.

Anonymous · ‎05-12-2016

Cash advance limit determination

Get your FICO® Score for free

Cash advance limit determination