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amex clear cash advance benefit

Valued Contributor

amex clear cash advance benefit

anyone use this feature? the only other card i know that has this feature is the penfed promise

18 REPLIES
Frequent Contributor

Re: amex clear cash advance benefit

Even tho AMEX offers no cash fees on clear accounts  I wouldnt take advantage of it and  I wouldnt risk for it CLD scenarios based on what I have heard..

EQ: 737 TU: 724 EXP: 739 UTIL at 5%
BK7 8++ years old
Valued Contributor

Re: amex clear cash advance benefit


SnowBowl wrote:

Even tho AMEX offers no cash fees on clear accounts  I wouldnt take advantage of it and  I wouldnt risk for it CLD scenarios based on what I have heard..


And running the risk of an FR. 

Valued Contributor

Re: amex clear cash advance benefit

as others have said the risk of FR is too great if you use it for enough money to make it useful, if you need $60 or less ($100 or less if you have walmart discover)  go to a walmart or sam's club and pull out your Walmart or Sams' club card repectively or any discover card buy a pack of gum and get cashback.

Cards: Chase Southwest 20k & CSR 10k & CSP 10k & Freedom 6.6k & Amtrak/Freedom 4.6k, FNBO DISC 25.1k Oregon Duck 5k, & AMEX BCP 15k & Hilton Surpass 7.5k & Delta Gold 6k & Zync NPSL, Fidelity AMEX 17k Commerce5.9k & Cash Forward 7.5k & Sams Club MC 10k, Paypal Extras MC 7.5k, CapOne Venture 15k, QS 2.5k, QS 750, Amazon 5.9k, Walmart 10k, Citi Simplicity 9k, Discover IT 16k and a nice stack of store cards.
Last APP/HP 5/15/2017 Marcus Loan. 30k
Super Contributor

Re: amex clear cash advance benefit

This feature is although not charged by Amex, would still incur an ATM fee of at least $3, right?  From that perspective (doubt any lender will implement AA for a $100 cash advance), I don't think it worthwhile to pay a $3 fee to withdrawal money.

Senior Contributor

Re: amex clear cash advance benefit

I wouldnt take a cash advance lok
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Senior Contributor

Re: amex clear cash advance benefit

Lol*
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| BOA Better Bal $17.5k |Wmt Discover $12.5k | BR Visa $17.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Established Contributor

Re: amex clear cash advance benefit

There are better ways to CA any credit card without fee's.  Keep searching.

Amex BCP/BC/Zync - Amex Business GR - Barclays NFL Visa Sig 49ers/Arrival - BoA BBR - Cap 1 Quicksilver - Citi Forward/Preferred - Chase Amazon/Freedom/Ink Plus - Discover IT - Fidelity Amex - GECRB Amazon/Walmart - PenFed PRV - Target - USAA Amex - US Bank CASH+/Club Carlson
Valued Contributor

Re: amex clear cash advance benefit

I want this feature not because I need it, but rather the convenience to take out cash. My landlord is a nut and sometimes the credit line checks I send him end up in the trash, and that way I can still use credit to pay him paper cash. It's worth the three dollar fee. since the money is already in the bank I have every intention of making a payment even before I take the cash out. I will never do it for any other reason. I already have a online Check sending line of credit with my current bank. This would be a back up plan. I would dare use this without immediately paying off what I have withdrew in cash. And also it ends up being cheaper than using my debit card at another ATM where I work that is t my bank ATM. That way when my impatient landlord who is quick to think I am out to stiff him even though I have never been late, I can pay him right then and there at the ATM on the fly while I am on a ten or I need to go outside for a second.
Valued Contributor

Re: amex clear cash advance benefit

And I don't have time to use the discover cash over feature. That would take 8 days to do. think I'm building credit on my rent and is cheaper on the fly especially if I am at work.