GE CARDS WHAT DETERMINES YOU CASH ADVANCE Limit

[texasman07]

Hi everyone. Does anyone know how this is determined?

I have a walmart DC 4,000 CL
AEO Visa 4000 cl
gap visa 3500 Cl
Tjmaxx mc 2000 CL
All with a 400 Cash advance limit

Now I just got upgraded to the SAMs discover. I haven't got my card but when I call it says I have $700 available limit for cash advance.

Huh?

[youngandcreditwrthy]

In the Terms and Conditions, it' says 20%
Often times, my Cash Advance lines wouldn't increase when i got clis, so I'd have to call Customer Service and have them manually do it.

[BearsAndTurtlesRtheBest]

Where all these cards obtained through the automatic upgrade? Or were they instant approvals? Curious

[texasman07]

All my cards were automatic upgrades.  I really hope my last card (Banana Rep) gets the upgrade. I doubt it since I have had it since 2011 with no luck.

[HeilFico]

Ok, I'm going to be the elephant in the room. Would you ever use this feature? I know emergencies happen, but you have other cards which might give you better terms than the GE creditcards. Cash advance fees and APR's are always monstrous. If you want your limit adjusted you may have a chance speaking with an underwriter.

[texasman07]

I would NEVER use it! I was trying to figure out why all my accounts had so much variability

[HeilFico]

the formula is weird.

[tld409]

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@HeilFico wrote:

Ok, I'm going to be the elephant in the room. Would you ever use this feature? I know emergencies happen, but you have other cards which might give you better terms than the GE creditcards. Cash advance fees and APR's are always monstrous. If you want your limit adjusted you may have a chance speaking with an underwriter.

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With Walmart and Sams, a cash advance is included as a regular charge with your purchases. There isn't a cash advance fee applied. Your standard APR would apply of course.  I don't know about the other GE cards though.

[youngandcreditwrthy]

I use the "quick cash" feature of my Walmart Discover and pif with NO interest almost monthly.
It's a great feature and saves you a trip to the atm!

The rest have huge fees and aprs! It's always good go be prepared financially.
Im not afraid to admit that Ive called them to adjust my cash advance line. Theyre the ones who set it at 20%, so I gotta make sure they do ;-)
The only card mine auto cli'ed the Cash Advance line on was Paypal MC. I had a $5k cash advance limit! Lol

[09Lexie]

@young

Please tell me you never used the cash advance feature with PayPal MC?