@rbentley wrote:
I have always wondered what the process was for taking a cash advance, not that I have any plans to do so. Do people do it through an ATM, and if so, aren't you limited to the daily withdrawal amounts of $200 - $300. Or, do you go into any bank and present your card and ask for a cash advance on it?
You can access cash both of the ways you mentioned. Your FI likely has limits on the cash advance option. Some CUs have rates the same as for purchases while many regular FIs use a high rate (likely to discourage usage). Also, the cash advance limit is likely to be lower than the maximum limit for the account.
