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What is your cash advance limit with American Express?

Super Contributor

Re: What is your cash advance limit with American Express?


elPatitoFeo wrote:

longtimelurker wrote:

elPatitoFeo wrote:

longtimelurker wrote:

-Wade- wrote:

with any lender it's always a bad idea to take a cash advance


But depending on the circumstances, it might be less bad than the alternatives


 

Yep, I will try almost anything rather than take an Amex cash advance... However, I would still prefer owing that money to Amex, rather than to one of them MSer vegetarian with an attitude...  Ouch!

 

 


Well, it's your lucky day.    Just checked our "Blood-crazed animal killers who owe decent Vegan folk money" ledger AND the "Blood-crazed animal killers who owe less than decent Vegan folk money" and it turns out you don't owe us any money!


 

Apparently, some people still traumatized, since childhood, from seeing Bambi's mom get her due.... and they process their pain by pacing all day inside groceries stores and buying gift cards... it's all very sad....

 

 


Hey, it's not all day.  I spend 10 hours max per day buying gift cards.  Well, except on Saturday where it's more like 14.   But I can stop any time

Message 21 of 27
Established Contributor

Re: What is your cash advance limit with American Express?

I don't even see where to find this information out on AMEX account online. I thought I knew pretty much every inch of their site by now. 

myFICO Scores 10/18/2014 : EQ (737) TU (770) EX (721)
“There will be only two classes of people – those with credit cards and those who can’t get them.” Past Diners Club President, Alfred Bloomingdale, on the future of American Finance
Message 22 of 27
Super Contributor

Re: What is your cash advance limit with American Express?

I'd never take out a cash advance quite honestly but for the sake of answering the question, I have $400 cash advance limits on my BCE and Delta cards and $500 cash advance limit on my ED card.

Total CL: Around $168,750 not counting hidden TLs. FICOs in the 700-730 range.

Main cards: Macy's Amex: $24k, Lowe's, $17k, Chase Sapphire Preferred: $7k, Chase AARP: $5.2k, Chase Freedom: $5k, Chase British Airways: $5k, Discover It: $1.5k, Barclays Arrival: $2.5k, Sam's Club MC: $8.5k, Stash: $8k, Sam's Club: $10k, Wells Fargo Propel: $8k, Paypal Smart Connect: $4.9k, Amazon Store Card: $6k, Cabelas Club Visa: $5k, Nordstrom: $5k, CapOne Quicksilver: $2k
Message 23 of 27
Established Contributor

Re: What is your cash advance limit with American Express?

They allow 100% for me to


TU 762
Income $300,000
Car lease 2015 Mazda 3 sTouring
Barclay/EX 755 ($214,000+ total CL) In my wallet (UTI >1%)
Message 24 of 27
Established Contributor

Re: What is your cash advance limit with American Express?

I've never checked.As I never or will never take a cash advance from a credit card..I think my Cap one spark miles has a $20K cash limit matching the credit limit.

Message 25 of 27
Established Contributor

Re: What is your cash advance limit with American Express?

Not really actually. It sucks that cash advances for earn points but even at a high interest rate over a month's period the interest does not leave the double digits until you surpass a couple thousand. Other than the initial fee of 5 to 10 percent, it really isn't bad. If you only need a couple hundred in an emergency. The interest is barely any.


TU 762
Income $300,000
Car lease 2015 Mazda 3 sTouring
Barclay/EX 755 ($214,000+ total CL) In my wallet (UTI >1%)
Message 26 of 27
Established Contributor

Re: What is your cash advance limit with American Express?


Josh2942 wrote:
Not really actually. It sucks that cash advances for earn points but even at a high interest rate over a month's period the interest does not leave the double digits until you surpass a couple thousand. Other than the initial fee of 5 to 10 percent, it really isn't bad. If you only need a couple hundred in an emergency. The interest is barely any.

 

 

That may be true, only if you go along with the bank's wording that "fee" is one thing and "interest" is another.  In reality, interest is any extra money you are charged over the principal and as such it should include the fees, therefore the actual annual interest rate you are being charged, in just one month, is outrageous.

 

 

Message 27 of 27